Trump will raise tariff rates on Chinese goods in response to trade war retaliation

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Earlier Friday, Trump 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.'

President Donald Trump listens to a question from the news media as he sits behind the Resolute Desk in the Oval Office of the White House in Washington, July 26, 2019.President Donald Trump will hike tariff rates on most imports from China in response to the latest shots in the trade war between the world's two largest economies, he said Friday.

Earlier Friday, Trump 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 the country that sends more goods to the U.S. than any other.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Y?

Just look at arrogant face. Speaking of face, how is Dump going to face the other European leaders?

Doubling down on stupid again. This fool has to go

Insane

401K

I hope China stops selling their products to us.

Dow 20K will be even better the second time around. 😜

Herbert Hoover: “I started the worst and longest depression in US history through ignorance and stubbornness”. Trump: “Hold my Diet Coke”.

Meanwhile, everyone’s 401k.....

Finally, America is beginning to respond to 25 years of China’s predatory economic mercantilism against the us. Hopefully the world will follow suit. China is not only a bad economic actor but a rogue communist-totalitarian state bent on global domination.

“Trade wars are easy to win” - Pres. Donald Trump

You’re a champ Mr President!

About time the US did this and stop kicking the can down the road. What took so long?

Never ever would have guessed that this was his next play. Brilliant. This strategic move has to have China flummoxed. What a businessman!

Just place 25% tariffs on all imports to US.

One more year u are OUT

Dangerous fool in the WH.

Mao will crumble

Like Slim Pickens from Dr. Strangelove, Trump is going down with the bomb.

We know the Fed thinks tariffs are a big problem and Trump wants his big rate cuts. So now Trump will keep imposing new tariffs til he gets his rate cuts

'China will be hurt very very bad, We are so much winning! I'm the great negotiator! We will see!'

There goes Christmas!!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines