The United States and China failed to come to a deal on trade this week. As a result, Donald Trump has said that there will be increased tariffs on Chinese goods until an agreement can be made.
Talks with China continue in a very congenial manner – there is absolutely no need to rush – as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products. These massive payments go directly to the Treasury of the U.S….
— Donald J. Trump (@realDonaldTrump) May 10, 2019
….The process has begun to place additional Tariffs at 25% on the remaining 325 Billion Dollars. The U.S. only sells China approximately 100 Billion Dollars of goods & products, a very big imbalance. With the over 100 Billion Dollars in Tariffs that we take in, we will buy…..
— Donald J. Trump (@realDonaldTrump) May 10, 2019
….agricultural products from our Great Farmers, in larger amounts than China ever did, and ship it to poor & starving countries in the form of humanitarian assistance. In the meantime we will continue to negotiate with China in the hopes that they do not again try to redo deal!
— Donald J. Trump (@realDonaldTrump) May 10, 2019
Over the course of the past two days, the United States and China have held candid and constructive conversations on the status of the trade relationship between both countries. The relationship between President Xi and myself remains a very strong one, and conversations….
— Donald J. Trump (@realDonaldTrump) May 10, 2019
….into the future will continue. In the meantime, the United States has imposed Tariffs on China, which may or may not be removed depending on what happens with respect to future negotiations!
— Donald J. Trump (@realDonaldTrump) May 10, 2019
This is one Trump policy I fully support. We’ve had enormous trade deficits with China for a very long time. The end result has been our country getting flooded with all sorts of Chinese crap while our people have had their jobs exported to China and various third world countries.
It’s common sense to implement protective tariffs to realign things back in the right direction. It’s better to have jobs here even if you have to pay more for all the garbage the Chinese export into our country. Over time, more products will be made in the United States because the tariffs give incentive for companies to bring jobs back.
What is weird is that the establishment hasn’t raised much of a fuss about the implementation of these tariffs. Previously, they were going crazy whenever Trump talked about tariffs and whined about the danger of trade wars. Seems like there’s very little talk about that now as they continue obsessing over the nonsense surrounding the Russia hoax.