USA TODAYWASHINGTON – Dramatically escalating the trade war between the United States and China, President Donald Trump on Friday said he would raise tariffs on $550 billion in Chinese goods in response to new barriers imposed by Beijing.
Trump said he would raise from 25% to 30% U.S. tariffs on $250 billion in Chinese goods and would place new tariffs on the remaining $300 billion in goods not currently covered by tariffs. The announcement came hours after China said it would impose its own tariffs on U.S. products, prompting a major market sell off.
"Sadly, past Administrations have allowed China to get so far ahead of Fair and Balanced Trade that it has become a great burden to the American Taxpayer," Trump posted on Twitter."As President, I can no longer allow this to happen!"Markets plunged Friday as it became clear the trade war between Washington and Beijing was escalating. The Dow Jones Industrial Average was off by more than 600 points by midday, following a series of dramatic declines last week.
"Thank you for your attention to this matter!" Trump wrote, concluding his tweets announcing the new tariffs. Social network: Donald Trump, President of the United States. Trump and Epstein were neighbors in Palm Beach in the 1990s and early 2000s. Trump threw Epstein a 'calendar girl' party at his Mar-a-Lago resort in 1992, according to the New York Times.
Still playing a foolish game.
Now you done it Don. China is cashing in on all bonds. Call Maduro and gets some pointers on living poor.
That’s right Fishface.........put all of our manufacturers and farmers out of business and bankrupt this Country! Being president.......you’ve bit off more than you can chew. You are now a fish out of water just flopping around!
Merry Christmas, everybody!
The idiot started a conflict that he can not win.
Enough with the tariffs the more you do it the more they will counter and who gets hurt us individual investors stop already
This is like a little kid having a fight and a tantrum in the sandbox.
China is making a big big mistake.
We better get crafty and give handmade gifts for Christmas. This is going to get ugly for Americans.
Unhinged
Go President Trump, they have been taking advantage of us for far too long!!!!
Hey world leaders, especially United States and China: your temper tantrums are making the world un-livable for the rest of us.
He is supposed to be a great businessman. So far all I have seen is a nut job in the WH.
We got him on the run 🏃♀️
Good!
dont touxh my mushoo
Imagine how dangerous he would be with a few brain cells.
could be better drop all the atomic power over china and get rid of this absurd war
Someone needs to tell dopey he is taxing Americans not Chinese
That simply means American consumers will pay more for everything that falls under the tariffs. Faulty logic, as usual.
Trump will collapse markets. China wins.
Don't you just love a good trade war?
Trump is going off the deep end
Don't stop until the American economy has been completely destroyed. Sorry Donald, acting rashly does not make you appear tough, just stupid.
But of course, not on Ivanka’s Chinese built crap
This means an increase of consumer prices for everyone in US....Now the US people will get to know what isolation in economy really means... and what Trump causes with his crude politics…
MAGA!!
When you can bait a psychopath with a tweet
Trump Raising tariffs is Absolutely correct China policy. Not great economically but necessary politically. China is a predatory totalitarian state.
This is one sick B! EnoughSaid
As he should.. democrats are siding with China..
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