August 13, 2019
President Trump on Tuesday pulled back from the brink of
a dangerous escalation of his trade war with Beijing,
putting off until at least mid-December his plan to
impose new tariffs on tens of billions of dollars worth
of cellphones, laptop computers, toys, shoes and clothes
made in China.
Trump said he reconsidered the original Sept. 1 tariff start date
because of the potential effect on American consumers during
a critical shopping period. “We’re doing this for Christmas season,
just in case some of the tariffs would have an impact on U.S. customers,”
he told reporters Tuesday.
https://www.latimes.com/business/st...lays-most-new-tariffs-on-china-until-december
Aug. 13, 2019
Trump Just Admitted That Tariffs Hurt Consumers
http://nymag.com/intelligencer/2019/08/trump-delays-tariffs-on-china-admits-they-hurt-consumers.html
(Trump threw Christmas-shopper USA citizens under the bus, because he was not
concerned about their happiness, to begin with ? You don't say!
"The last person to talk to Trump, is the person he is listening to..."
After Trump's advisors talked Trump down from endangering the economy,
Did FOX TV feature a discusssion about how China is making Trump
look like a weak wuss, and a gullible loser ?)
Trump Increases Tariffs on Chinese goods by 5 percentage points
Aug 23, 2019 5:16 PM EDT
WASHINGTON (AP) —
Escalating his trade war with China, President Donald Trump
bumped up his tariffs on Chinese imports Friday, lashing back
after Beijing raised taxes on U.S. products.
In a tweet, Trump said he would be raising planned tariffs on
$300 billion in Chinese goods from 10% to 15%. The Office
of the U.S. Trade Representative also said existing tariffs
on another $250 billion in Chinese imports would go from
25% to 30% Oct. 1 after receiving feedback from the public.
https://www.pbs.org/newshour/economy/trump-hikes-tariffs-on-chinese-goods-by-5-percentage-points
August 23, 2019
(Bloomberg) —
President Donald Trump said he’s raising tariffs further on Chinese imports
in response to Beijing’s retaliation earlier in the day, deepening the impasse
over the two nations’ trade policies.
"... a dramatic escalation in tensions between the U.S. and China after
months of failed talks to resolve their trade dispute. It’s unclear whether
negotiators will follow through with a plan to meet in Washington next
month as relations have continued to sour.
“China should not have put new Tariffs on 75 BILLION DOLLARS
of United States product (politically motivated!),” Trump said on Twitter.
https://time.com/5660386/trump-tweets-china-tariff-raises/
Trump Is Melting Down Because China Won’t Give In on Trade
August 23, 2019
Trump wants Powell to aggressively, quickly, and smoothly
reduce interest rates to mitigate the economic harm Trump
is inflicting on the economy.
As Powell has pointed out, this is hard. “Because the most important
effects of monetary policy are felt with uncertain lags of a year or more,
the committee must attempt to look through what may be passing
developments and focus on things that seem likely to affect the
outlook over time or that pose a material risk of doing so,”
the Fed chairman said today. “But fitting trade-policy
uncertainty into this framework is a new challenge.”
Translation:
Monetary policy is always hard, but it’s really hard when the president is erratic.
Surely Trump won’t escalate the trade war to the point
where he tips his own economy into recession, right?
http://nymag.com/intelligencer/2019...down-because-china-wont-give-in-on-trade.html
President Trump on Tuesday pulled back from the brink of
a dangerous escalation of his trade war with Beijing,
putting off until at least mid-December his plan to
impose new tariffs on tens of billions of dollars worth
of cellphones, laptop computers, toys, shoes and clothes
made in China.
Trump said he reconsidered the original Sept. 1 tariff start date
because of the potential effect on American consumers during
a critical shopping period. “We’re doing this for Christmas season,
just in case some of the tariffs would have an impact on U.S. customers,”
he told reporters Tuesday.
https://www.latimes.com/business/st...lays-most-new-tariffs-on-china-until-december
Aug. 13, 2019
Trump Just Admitted That Tariffs Hurt Consumers
http://nymag.com/intelligencer/2019/08/trump-delays-tariffs-on-china-admits-they-hurt-consumers.html
(Trump threw Christmas-shopper USA citizens under the bus, because he was not
concerned about their happiness, to begin with ? You don't say!
"The last person to talk to Trump, is the person he is listening to..."
After Trump's advisors talked Trump down from endangering the economy,
Did FOX TV feature a discusssion about how China is making Trump
look like a weak wuss, and a gullible loser ?)
Trump Increases Tariffs on Chinese goods by 5 percentage points
Aug 23, 2019 5:16 PM EDT
WASHINGTON (AP) —
Escalating his trade war with China, President Donald Trump
bumped up his tariffs on Chinese imports Friday, lashing back
after Beijing raised taxes on U.S. products.
In a tweet, Trump said he would be raising planned tariffs on
$300 billion in Chinese goods from 10% to 15%. The Office
of the U.S. Trade Representative also said existing tariffs
on another $250 billion in Chinese imports would go from
25% to 30% Oct. 1 after receiving feedback from the public.
https://www.pbs.org/newshour/economy/trump-hikes-tariffs-on-chinese-goods-by-5-percentage-points
August 23, 2019
(Bloomberg) —
President Donald Trump said he’s raising tariffs further on Chinese imports
in response to Beijing’s retaliation earlier in the day, deepening the impasse
over the two nations’ trade policies.
"... a dramatic escalation in tensions between the U.S. and China after
months of failed talks to resolve their trade dispute. It’s unclear whether
negotiators will follow through with a plan to meet in Washington next
month as relations have continued to sour.
“China should not have put new Tariffs on 75 BILLION DOLLARS
of United States product (politically motivated!),” Trump said on Twitter.
https://time.com/5660386/trump-tweets-china-tariff-raises/
Trump Is Melting Down Because China Won’t Give In on Trade
August 23, 2019
Trump wants Powell to aggressively, quickly, and smoothly
reduce interest rates to mitigate the economic harm Trump
is inflicting on the economy.
As Powell has pointed out, this is hard. “Because the most important
effects of monetary policy are felt with uncertain lags of a year or more,
the committee must attempt to look through what may be passing
developments and focus on things that seem likely to affect the
outlook over time or that pose a material risk of doing so,”
the Fed chairman said today. “But fitting trade-policy
uncertainty into this framework is a new challenge.”
Translation:
Monetary policy is always hard, but it’s really hard when the president is erratic.
Surely Trump won’t escalate the trade war to the point
where he tips his own economy into recession, right?
http://nymag.com/intelligencer/2019...down-because-china-wont-give-in-on-trade.html