June 15, 2018
This just keeps getting better and better.
The White House has announced a 25-percent tariff on $50 billion worth of Chinese goods in what it calls a clampdown on unfair trade practices by Beijing.
The US trade representative’s office said it issued a revised China tariff list covering 1,102 separate product categories. The first package of revised tariffs will apply to $34 billion of Chinese imports, on 818 product lines, and will enter into effect from July 6. The second package will target the remaining $16 billion of Chinese goods, on 284 product lines.
Since his presidential election campaign, US President Donald Trump has pledged to cut the trade deficit between the US and China and to curb Beijing’s allegedly unfair trade practices. Trump has also accused China of stealing US technology and intellectual property.
“In light of China’s theft of intellectual property and technology and its other unfair trade practices, the US will implement a 25 percent tariff on $50 billion of goods from China that contain industrially significant technologies,” according to the White House statement.
“This includes goods related to China’s Made in China 2025 strategic plan to dominate the emerging high-technology industries that will drive future economic growth for China, but hurt economic growth for the United States and many other countries.”
Beijing said it would swiftly impose retaliatory levies on American imports worth $50 billion. Shortly after China’s warning, the White House threatened tariffs on a further $100 billion of Chinese exports.
The thing about this is… China will make deals.
This is actually going to come to a conclusion with them, because they get what Trump is doing. They understand the idea of a nation protecting its own interests.
The people who will not deal are the Europeans. They are ideologically committed to the whole free trade thing as an aspect of globalism – the Jew plot to create a one-world government. So there is no room to deal with them.
I think Trump is going to do this thing with China, then make a deal with China, then look at Europe and say “China made a deal, why can’t you make a deal?”
They won’t ever come out and say “this is about a plot to create a global government.” They speak in euphemisms about “the international order” and “universal democratic values.” But when Trump is about “well for me, it’s about money,” they have no idea how to respond. Because they never expected that any world leader would be able to come at them with that.
What will be interesting is to see what Britain does.
Because historically, they have been an independent and capable country that actually could be a decent trade partner, in theory.
And they did Brexit.
But you know… they’re ruled by kikes and women, and they don’t really seem to have any clear plans post-Brexit.