Chinese Regime Shocked by Tariff Increases – IOTW Report

Chinese Regime Shocked by Tariff Increases

 

 

ET:

Two tweets by President Donald Trump about raising tariffs on Chinese goods caused Chinese stock markets to tumble and media to speculate that the trade negotiations with China wouldn’t go forward.

And while Chinese official media have been silent on Trump’s decision to raise tariffs, Chinese netizens are celebrating and calling Trump the “Great Savior” of the Chinese people.

 

[…] One tweet by user “Swedenhermit,” translated from the original Chinese, reads: “After Trump tweeted about raising tariffs (on Chinese goods), Chinese netizens on Twitter are all celebrating and praising this. I also sincerely hope that this negotiation will fail and tariffs will be raised (as announced by Trump). I also hope that more tariffs will be imposed on all remaining untaxed goods. Thus, the Chinese Communist Party will run out of money soon. Even if these things really happen, regarding Trump, I still want to say, ‘Tactically, he is very smart; but strategically, he is not as great as people expect him to be.’ He is an ‘America First’ president. All his attacks are for the purpose of defense. However, as long as he perseveres to the end, that’s enough!”

On the morning of May 5, Trump wrote in a tweet that he would raise tariffs on $200 billion of Chinese goods from 10 percent to 25 percent on May 10, and tax the currently untaxed $325 billion of Chinese goods at a rate of 25 percent “shortly.”

In a second tweet, Trump said: “The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!”

Trump’s new stance apparently has taken Chinese officials by surprise, who were hoping that a deal would be reached soon.    more here

14 Comments on Chinese Regime Shocked by Tariff Increases

  1. The “Chinese” love to haggle, it’s their stock in trade so to speak. They’ve met their match in Trump as every politician since Nixon has dropped their drawers to China when it come to sitting at the table with them. It will be interesting to see if Trump can get some “grease” on some Chinese asses.

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  2. If we buy our products from China, we have the products and they have our money.

    If we make our products ourselves, we have the products and we still have our money.

    Seems a simple choice to make from where I stand.

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  3. They need our oil, wheat, soybeans, hogs much more than I need a new toaster oven from WalMart.
    The Chinese leadership still haven’t figured President Trump out.
    He’s a Honey Badger.

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  4. Yep – they figured Trump was just like every other globalist chump we’ve had in office. Just tell them what they want to hear while stringing them along and doing nothing about it – because they were all incompetent, anti-American clowns.

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  5. China has 40 years of US foreign policy faggotry that assures them we will fold as soon as the Chamber of Commerce grunts and oinks its barnyard dissatisfaction: Commerce first, country last. It’s America’s Corporate Way.

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  6. If Xi JinPing can use NoKo rockets to negotiate trade, it only seems fair our POTUS can use Twitter.

    OpenTheDoor is right: I don’t need another ten dollar shirt from Costco.

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  7. I think it’s time to declare that no investors from communist or socialist countries, or countries that follow sharia law, can own real property or infrastructure in the United States.

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