The Missing China Trade Strategy

Larry Kudlow goes from economic adviser to tariff apologist

China rebuilt itself with the "tremendous amount" of money pouring out of the United States, Donald Trump claimed today, asserting that America has been "ripped off" by "everyone", especially Beijing.

President Donald Trump will now impose 10% tariffs on an additional $200 billion worth of Chinese imports, more or less as he threatened to do.

The Trump administration announced the tariffs on some 5,000 Chinese-made goods will start at 10 percent, beginning Monday.

The Associated Press reported that the Chinese government announced a "tariff hike on $60B of US products in response to Trump duty increase in technology dispute".

"China may potentially pull out of trade talks entirely and escalate on the new front of outright export restrictions", analysts at JPMorgan told clients. More than 300 products were removed from that list - including smartwatches, health and safety devices and children's playpens.

Earlier this month, Trump threatened to pop extra charges on Chinese-built equipment and components coming into the U.S., and has now carried out that threat.

It was unclear to which open statements by China - if any - Mr Trump was referring. "But, so far, China has been unwilling to change its practices". U.S. Treasury Secretary Steven Mnuchin last week invited top Chinese officials to discussions.

If the US continues to raise its tariffs, China will respond in kind, the report said. The White House had no immediate comment on Monday. "I think that kind of tactic is not going to work with China", Fang Xinghai, vice chairman of China's securities regulator, said at a conference in the port city of Tianjin.

While the Trump administration may downplay the risks, economists have long warned that mounting tariffs will ultimately have to come out of individual Americans' pocket books. Other presidents should have taken care of this situation, and they didn't.

The Missing China Trade Strategy

For now, China has declined to put tariffs on USA crude oil. He demanded Canada and Mexico renegotiate the North American Free Trade Agreement to make it more favorable to the United States.

The tariffs will become effective on 24 September, if the US' renewed tariffs on $200 billion worth Chinese products take effect, the official media here quoted CCTC as saying.

Now the latest in the ongoing trade war between the world's two economic superpowers. All of the items in Lam's letter were included in the final list.

His promise to end what he says are grossly skewed Chinese trade relations was a key plank of his election. Meanwhile, about half of registered voters said duties will do more to raise the costs of goods or hurt the economy. The tariffs will be imposed on thousands of consumer goods, including electronics, food, tools and housewares.

"Our concern with these tariffs is that the USA will be hardest hit, and that will result in lower US growth and competitiveness and higher prices for US consumers", Apple said earlier in a letter commenting on the proposal. "If countries will not make fair deals with us, they will be 'Tariffed!'"

"Closing the reform gap will create better private companies in China, foreign companies", Harborn said.

But how far China is willing to go to change is uncertain. Other assorted items - dog leashes, calculators, sporting goods, paper, and pet products are all covered in the latest round of tariffs too.

"President Trump is a hard-hitting businessman, and he tries to put pressure on China so he can get concessions from our negotiations".

Geng said he would not comment on "hypotheticals" such as what measures Beijing might consider apart from tariffs on USA products, saying only that details would be released at the appropriate time.

Family: Warrant is part of smear campaign against slain Dallas man
But then around 5 p.m., the family's lawyers were alerted to some apparent breaking news in the investigation into Jean's death. David Menschel, an Oregon-based criminal defense attorney and activist, called the release of the search warrant "propaganda".

Captain Marvel trailer: Brie Larson’s superhero descends on earth
Or, rather, it was in Captain Marvel all along (after all, the movie is set in the past). Something tells me, once again, that Mar-Vell is the true puppeteer behind it all.

Russia's defense ministry says it lost contact with plane in Syria
RIA Novosti news agency, citing a security source, said that Syrian anti-defence systems had countered a rocket attack. Earlier, state media reported another suspected Israeli attack on Damascus's worldwide airport late on September 15.

Related news:

Hot News

isis-killer-beheading-video-story-top Coca-Cola considering CBD-infused drinks
Sep 19, 2018 - 08:15
CBD is a non-psychoactive ingredient found in marijuana that's useful to treat pain, inflammation and nausea. Coca-Cola Co. stock was up about 0.25 percent on the reports on Monday, trading at around US$46 a share.

isis-killer-beheading-video-story-top Trump to visit hurricane-stricken North Carolina, death toll at 33
Sep 19, 2018 - 05:29
About half of all homes and businesses were without power Tuesday, a big improvement from a day earlier. In some places, the rain finally stopped, and the sun peeked through, but North Carolina Gov.

isis-killer-beheading-video-story-top Hearing With Kavanaugh And Accuser Alleging Sexual Assault In Turmoil
Sep 19, 2018 - 05:27
Still, Conway and other Republicans are going out of their way to say they want Ford and Kavanaugh to be heard. Murray told reporters America, and women in particular, will be closely watching how Ford's case is handled.

isis-killer-beheading-video-story-top 8 new Alexa devices planned including a microwave, report says
Sep 19, 2018 - 04:40
If true, this could also mark Amazon's debut in the home appliance market, something Apple and Google are yet to make inroads. The company is reported to be working on a secretive home robot, as well, according to Bloomberg .

isis-killer-beheading-video-story-top Eden Hazard ranks Chelsea teammate among the world's best strikers
Sep 19, 2018 - 04:30
Hazard is already up to six goals in five games, a third of the way to matching his best tally at Chelsea in the 2016-17 season. He is an unorthodox striker, and part of a dying breed, but as Hazard says, he is arguably the best target man in the world.

isis-killer-beheading-video-story-top 'Game of Thrones' takes top prize at surprising Emmys
Sep 19, 2018 - 04:15
Rachel Brosnahan accepts the Emmy Award for lead actress in a comedy series for her role on Amazon's "The Marvelous Mrs. Stars gathered in Los Angeles Monday night for the Emmys, the biggest awards ceremony in American television.

isis-killer-beheading-video-story-top Antonio Brown's truancy is loudest, but could be least of Steelers' problems
Sep 19, 2018 - 04:13
The Steelers aren't going to trade away the best receiver in football because he didn't show up to work Monday . Seriously", Tomlin said. "We gave up a few big plays, we're playing a team that's big-play capable.

isis-killer-beheading-video-story-top Firmino eases Liverpool supporters’ worries with latest update
Sep 19, 2018 - 03:25
Liverpool held on to win 2-1 and earn all three points but Spurs will consider themselves fortunate not to have conceded more. Graeme Souness believes that Liverpool FC will be the real deal in this season's Premier League title race.

isis-killer-beheading-video-story-top Lionel Messi scores Champions League hat-trick against PSV
Sep 19, 2018 - 03:18
Barca's captain curled home a stunning free-kick to open the scoring before Luis Suarez's clever 20-yard lob hit the crossbar. Everton have been heavily linked with PSV's Eredivisie champion Hirving Lozano but La Liga champions Barcelona are keen, too.

isis-killer-beheading-video-story-top South Africa legalises private use of marijuana
Sep 19, 2018 - 03:06
Meanwhile, the soft drink titan Coca-Cola says it has been eyeing cannabis-infused drinks (CBD). Marijuana is widely cultivated across the country for both domestic use and export.

isis-killer-beheading-video-story-top Mueller Runs Manafort Over Coals With Details From Ukraine Lobbying Scheme
Sep 18, 2018 - 11:34
The frequent Trump defender then suggested Trump's lawyer, Rudy Giuliani , is ignoring the harsh reality of Manafort's guilt plea. Prosecutor Andrew Goldstein said Papadopoulos' cooperation "didn't come close to the standard of substantial assistance".

isis-killer-beheading-video-story-top Super Smash Bros Ultimate bundle will hit shelves on November 2nd
Sep 18, 2018 - 11:02
They look just like the ones that shipped with the NES, and can actually be attached to the Switch just like Joy-Cons to charge. Eurogamer reports that players will be required to connect their Switch to the internet every week to keep playing NES games .

isis-killer-beheading-video-story-top Centre merges Bank of Baroda, Vijaya Bank, Dena Bank
Sep 18, 2018 - 10:13
The third is the internal economic decisions of the USA , which are leading to further strengthening of the dollar", he added. The Secretary added that the employee interests would be protected and brand equity preserved.

isis-killer-beheading-video-story-top Trump imposes tariffs on $200B more of Chinese goods
Sep 18, 2018 - 09:58
But a deputy to that adviser said at a meeting on Sunday that China would not negotiate with the USA under pressure. Trade Representative has charged that China is using predatory tactics to obtain foreign technology.

isis-killer-beheading-video-story-top Theresa May: It's my Brexit deal or no deal at all
Sep 18, 2018 - 09:24
May expressed confidence parliament would approve the deal - but warned there was no alternative if Britain wanted to avoid a "no deal" scenario.