Donald Trump Leaves $325B Additional China Tariffs in Question

Donald Trump Leaves $325B Additional China Tariffs in Question

In her "Ingraham Angle" monologue on Monday, Laura Ingraham said President Trump is effectively the "clean-up man" for past presidents who may have been too wary to take a hard line against China on trade policy.

The Dow dove 617.38 points, or 2.4%, to 25,324.99. Trump tweeted, adding that tariffs can be avoided if manufacturers shift production from China to other countries.

The retaliation had been expected. "We'll see what they come up with".

In a statement, American Soybean Association President Davie Stevens, a soybean farmer from Clinton, Kentucky, expressed frustration that "the USA has been at the table with China 11 times now and still has not closed the deal". "We've been getting teaser deals for six months, and everybody kind of thought it's going to happen and now I just think the reality of the situation is that's not in the cards". "Would be wise for them to act now, but love collecting BIG TARIFFS!" "Farmers continue to bear the brunt of the trade wars".

China and the United States both have the "ability and wisdom" to reach a trade deal that is good for both, the Chinese government's top diplomat said, as U.S. President Donald Trump said he thought recent talks in Beijing would be successful.

Tariffs on Chinese goods increased from 10% to 25% on Friday, making the underlying cost of those items higher for US customers.

In what appeared to be a contradiction of his earlier remarks, Trump then said that if Americans want to avoid paying the increased cost of tariffed goods, they should buy from a non-tariffed country or buy American-made goods.

The U.S. Trade Representative's office on Monday said it planned to hold a public hearing next month on the possibility of imposing duties of up to 25% on a further $300 billion worth of imports from China.

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China is not to blame of the huge trade deficit the United States runs, and China is a hugely profitable market for US companies, the paper said, in commentary published under the pen name "Zhong Sheng", meaning "voice of China".

The world's two largest economies had seemed to be on track to resolve the ongoing trade dispute that has raised prices for consumers and pinched corporate profit margins. But markets there are still higher than analysts had predicted. For instance, last week at the White House, he said: "Our country can take in $120 billion a year in tariffs".

Republican Sen. Chuck Grassley of Iowa said it is time for USA allies to "get in the game" to push China to the negotiating table. "Ultimately it's paid for largely by China". Chinese regulators have instead targeted American companies in China by slowing down the clearing of shipments through customs and the processing of business licenses. In some cases, China might absorb some of the cost to stay competitive, but for the most part, it's folks in the USA who will pay the price.

Wallace pressed "But it's US businesses and USA consumers who pay, correct?"

Even some on Fox News have called out these tariffs claims as untrue. "Both sides" are not, in fact, paying.

He downplayed concerns that the tariffs would lead to USA job losses and hurt the GDP. Saudi Arabia said two of its oil tankers were among those attacked off the coast of the United Arab Emirates, describing it as an attempt to undermine security of supply amid United States-Iran tensions. "You've got to do what you've got to do".

"They've increased consumer costs by $1.4 billion a month, according to experts from the Federal Reserve Bank of NY and Princeton and Columbia University".

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