cbs news
President Trump said Friday he will impose an additional 100% tariff on imports from China starting next month, citing new Chinese export controls — marking a significant escalation in the U.S.-China trade war.
The new 100% tariffs will add on to any existing import taxes on Chinese goods, the president wrote in a Truth Social post. Tariffs on Chinese imports currently stand at 30%. Mr. Trump said the U.S. will also impose export controls on “any and all critical software” starting next month.
The tariffs could be imposed on Nov. 1 or sooner, “depending on any further actions or changes taken by China,” Mr. Trump said. More
That’s gonna to leave a mark.
I HAVE A SIMPLE BENITO THEORY:
TRUMP IS VERY SAVVY, AND I BELIEVE HE COULD’VE HELD A MTG WITH BESSENT AND OTHER ECONOMIC ADVISORS LATE IN THE WEEK, AND SAID “STOCKS ARE SO STRONG RIGHT NOW, NEED TO RELEASE SOME OF THE PRESSURE AND CAUSE BETTER EQUITY OPPORTUNITIES NEXT WEEK, SO I AM GOING AFTER CHINA ON TARIFFS, WHICH WILL CAUSE A TEMPORARY DOWNTURN, THEN WORK THRU THE WKND TO GET CHINA FIXED, OPEN EARLY MONDAY WITH YUGE, GREAT NEWS OF THE CHINA AGREEMENT, AND THE MARKET WILL GO WILD!!”
“IT’S JUST SO EASY, RIGHT SLEEPY JOE??”
“impose export controls on ‘any and all critical software’ starting next month”
You hear that, Pooh Bear? No Windows 10 updates, for you!
But, butt, Trumpfff want 300,000 chingaloids taking up space in U.S. Universities.
We the American consumer are the ONLY ones loosing here. America does not have the CHEAP labor to offset this. We barely manufacture any goods. Your old man doesn’t care about this. Enjoy a bleak holiday this year, be careful what you wish for you got it.