A Critical Threshold Has Just Been Crossed, And Things Will NEVER Be The Same Again…
Just when things seemed to be settling down a little bit, our conflict with China has suddenly escalated to a dangerous new phase. This is not simply just a “trade war” any longer, and our relationship with China will never be the same again. As you will see below, President Trump just referred to Chinese President Xi Jinping as our “enemy”, and this is something that the Chinese are going to take extremely seriously. In China, the national leader is a representation of the government as a whole, and the government as a whole is a representation of the entire county. So to the Chinese people, what Trump just said will be interpreted as “the United States and China are now enemies”. Of course for Trump everything would be forgiven tomorrow if the Chinese totally caved in to his demands and started saying all sorts of nice things about him, but for the Chinese what has transpired in recent months will be remembered for generations. President Trump has insulted their national honor over and over again, and that sort of thing may not mean much to us here in the western world anymore, but over in China their sense of honor is central to who they are as a people. After everything that has already been said and done, there will be no going back, and we are now facing a future in which the United States and China will be very bitter enemies.
In response to previously announced U.S. tariffs, China stunned global markets when it announced a new wave of tariffs on U.S. goods early on Friday…
The trade war between the U.S. and China escalated further Friday as Beijing announced a new set of tariffs on American products, sending the stock market plunging.
The China State Council announced it would impose tariffs ranging from 5% to 10% on an additional $75 billion in U.S. goods, according to state media outlet Global Times.
After Trump learned of this, he hit the ceiling, and he immediately went on a Twitter rant in which he pledged to hit Chinese goods with even higher tariffs…
For many years China (and many other countries) has been taking advantage of the United States on Trade, Intellectual Property Theft, and much more.
Our Country has been losing HUNDREDS OF BILLIONS OF DOLLARS a year to China, with no end in sight.
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.
As President, I can no longer allow this to happen! In the spirit of achieving Fair Trade, we must Balance this very unfair Trading Relationship.
China should not have put new Tariffs on 75 BILLION DOLLARS of United States product (politically motivated!).
Starting on October 1st, the 250 BILLION DOLLARS of goods and products from China, currently being taxed at 25%, will be taxed at 30%.
Additionally, the remaining 300 BILLION DOLLARS of goods and products from China, that was being taxed from September 1st at 10%, will now be taxed at 15%. Thank you for your attention to this matter!
In addition, Trump “hereby ordered” U.S. corporations “to immediately start looking for an alternative to China”…
Trump then tweeted that American companies “are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.” He did not immediately detail the authority he thought he could use to compel firms to leave China.
When I first saw that I could hardly believe what I was seeing, and you may have had the same reaction.