Topic: WH releases new possible tariffs list
mightymoe's photo
Wed 07/11/18 06:32 AM
Accusing China of not negotiating "seriously" on trade, the Trump administration has released a list of products it wants to impose a ten percent tariff on, amounting to $200 billion. The new tariffs would kick in within 60 days.

The 200-page document, released on Tuesday by the US Trade Representative's office, gives notice to those who wish to comment on the proposal and lists hundreds of products that would be subjected to the new tariffs. The Trump administration intends to impose a ten percent duty on the products listed, Reuters reported, citing US Trade Representative Robert Lighthizer.

The Retail Industry Leaders Association (RILA) was quick to condemn the proposal, saying it will punish American consumers.

"The President has broken his promise to bring 'maximum pain on China, minimum pain on consumers,' and American families are the ones being punished," Hun Quach, RILA VP of international trade, said in a statement. "Consumers, businesses and the American jobs dependent on trade, are left in the crosshairs of an escalating global trade war."

Senate Finance Committee chair Orrin Hatch (R-Utah) also took aim at the announced list, saying it "appears reckless and is not a targeted approach."

"We cannot turn a blind eye to China's mercantilist trade practices, but this action falls short of a strategy that will give the administration negotiating leverage with China while maintaining the long-term health and prosperity of the American economy," Hatch said in a statement.

The Senate intends to vote on Wednesday on a nonbinding measure that would insert provisions requiring Congressional approval of tariffs into water and energy "minibus" spending bills, Senator Jeff Flake (R-Arizona) told Bloomberg.

US tariffs of 25 percent on $34 billion of Chinese imports went into effect on July 6. Beijing has retaliated with duties on the same value of US imports, ranging from soybeans to cars, and has vowed to respond proportionally to any new US tariffs.

Last week, President Donald Trump said the US might ultimately impose tariffs on more than $500 billion worth of Chinese goods, almost the total amount of US imports from China last year.

China's Commerce Ministry has said that Beijing has no choice but to fight back after the US "launched the largest trade war in economic history," accusing Washington of violating the rules of the World Trade Organization (WTO).

Trump has campaigned on the claim that trade partners are taking advantage of Americans due to "terrible deals" made by previous US presidents. His determination to renegotiate trade deals has targeted not only competitors on the world market such as China, but longtime friends and allies such as the EU or Canada.

"Sometimes our friends, when it comes to trade, are treating us worse than the enemies," Trump said at a press conference on June 29.

His administration has already imposed tariffs on aluminum and steel imports from the EU, Mexico and Canada at the end of May, prompting Ottawa to retaliate in kind against some US exports.

http://www.rt.com/business/432608-us-china-products-tariffs-list/

shovelheaddave's photo
Wed 07/11/18 08:53 AM
and,our trump-led government is treating us A LOT worse than the people he is 'claiming' that he is protecting us from.

he doesn't care about the 'promises' that he made to the people who he needed votes from back in 2016..
all he cares about is making a public spectacle that will feed his narcissism,and need for publicity.

I have to wonder,though....
how are these tariffs affecting HIS OWN personal fortune,and business interests?
cuz,i bet that SOMEHOW,once you dig deep enough,that they are benefitting him,and his super wealthy,elite 1% class.

while the common people,merchants,and farmers who make upthe majority of the country all suffer,and pay the price for it!!


mightymoe's photo
Wed 07/11/18 11:16 AM

and,our trump-led government is treating us A LOT worse than the people he is 'claiming' that he is protecting us from.

he doesn't care about the 'promises' that he made to the people who he needed votes from back in 2016..
all he cares about is making a public spectacle that will feed his narcissism,and need for publicity.

I have to wonder,though....
how are these tariffs affecting HIS OWN personal fortune,and business interests?
cuz,i bet that SOMEHOW,once you dig deep enough,that they are benefitting him,and his super wealthy,elite 1% class.

while the common people,merchants,and farmers who make upthe majority of the country all suffer,and pay the price for it!!


so your thinking that nothing has changed in 18 years?

no photo
Wed 07/11/18 12:06 PM

Accusing China of not negotiating "seriously" on trade, the Trump administration has released a list of products it wants to impose a ten percent tariff on, amounting to $200 billion. The new tariffs would kick in within 60 days.

The 200-page document, released on Tuesday by the US Trade Representative's office, gives notice to those who wish to comment on the proposal and lists hundreds of products that would be subjected to the new tariffs. The Trump administration intends to impose a ten percent duty on the products listed, Reuters reported, citing US Trade Representative Robert Lighthizer.

The Retail Industry Leaders Association (RILA) was quick to condemn the proposal, saying it will punish American consumers.

"The President has broken his promise to bring 'maximum pain on China, minimum pain on consumers,' and American families are the ones being punished," Hun Quach, RILA VP of international trade, said in a statement. "Consumers, businesses and the American jobs dependent on trade, are left in the crosshairs of an escalating global trade war."

Senate Finance Committee chair Orrin Hatch (R-Utah) also took aim at the announced list, saying it "appears reckless and is not a targeted approach."

"We cannot turn a blind eye to China's mercantilist trade practices, but this action falls short of a strategy that will give the administration negotiating leverage with China while maintaining the long-term health and prosperity of the American economy," Hatch said in a statement.

The Senate intends to vote on Wednesday on a nonbinding measure that would insert provisions requiring Congressional approval of tariffs into water and energy "minibus" spending bills, Senator Jeff Flake (R-Arizona) told Bloomberg.

US tariffs of 25 percent on $34 billion of Chinese imports went into effect on July 6. Beijing has retaliated with duties on the same value of US imports, ranging from soybeans to cars, and has vowed to respond proportionally to any new US tariffs.

Last week, President Donald Trump said the US might ultimately impose tariffs on more than $500 billion worth of Chinese goods, almost the total amount of US imports from China last year.

China's Commerce Ministry has said that Beijing has no choice but to fight back after the US "launched the largest trade war in economic history," accusing Washington of violating the rules of the World Trade Organization (WTO).

Trump has campaigned on the claim that trade partners are taking advantage of Americans due to "terrible deals" made by previous US presidents. His determination to renegotiate trade deals has targeted not only competitors on the world market such as China, but longtime friends and allies such as the EU or Canada.

"Sometimes our friends, when it comes to trade, are treating us worse than the enemies," Trump said at a press conference on June 29.

His administration has already imposed tariffs on aluminum and steel imports from the EU, Mexico and Canada at the end of May, prompting Ottawa to retaliate in kind against some US exports.

http://www.rt.com/business/432608-us-china-products-tariffs-list/


The Retail Industry Leaders Association (RILA) was quick to condemn the proposal, saying it will punish American consumers.
_____________________________________________________________________

These people are full of ****

The company I worked for made cutlery.. in wooden block sets. I stood in the factory in China and watch my stuff roll down one assemble line and Wolfgang Puck's roll down the opposite side. Same design, except a little subtle change and ours had our brand name his had his name. Same warranty

Same metal composite, same wood block composite, same amount of pieces... the exact same stuff

Our price in the stores $49.00
His $239.00 ( on sale)

It is the retailers and the so called " designers" who will get hurt



no photo
Wed 07/11/18 04:03 PM
Judging by the amount of products coming from China, I'd say our country is one of their biggest consumers. That being said, I'd bet that China isn't happy that their products won't be coming over quite so fast. What better way to get back to the bargaining table. Want to sell more here? Make your tariffs lower, so will we, and we can start trading fairly.

Easttowest72's photo
Thu 07/12/18 07:27 AM
Trump is a good businessman.

shovelheaddave's photo
Thu 07/12/18 07:58 AM


and,our trump-led government is treating us A LOT worse than the people he is 'claiming' that he is protecting us from.

he doesn't care about the 'promises' that he made to the people who he needed votes from back in 2016..
all he cares about is making a public spectacle that will feed his narcissism,and need for publicity.

I have to wonder,though....
how are these tariffs affecting HIS OWN personal fortune,and business interests?
cuz,i bet that SOMEHOW,once you dig deep enough,that they are benefitting him,and his super wealthy,elite 1% class.

while the common people,merchants,and farmers who make upthe majority of the country all suffer,and pay the price for it!!


so your thinking that nothing has changed in 18 years?


I have absolutely no idea how you arrived at that thought!!!

but,the last 18 years has nothing to do with what trump has done to this country in just the last 18 MONTHS,such as selling out our domestic farmers,merchants,and manufaturers that during his campaign he swore that he would support,and raise up,and 'make great again'!

these tariffs are SERIOUSLY hurting them,and will be catastrophic to them,and our economy if he continues to engage in trade wars with the rest of the world,so that he can play 'my-dick-is-bigger-than-yours' to feed his ego.

or,do you think that Harley Davidson is closing down its newest manufacturing plant in Kansas City,and moving it to Thailand,which costs this country THOUSANDS of jobs,and BILIONS of dollars because the new tariffs are so beneficial to them.

or that the farmers losing more than 20% of its profits from their crops because of these tariffs is going to help them?

if this is trump's idea of 'making America great again',i think that somebody needs to explain to him what the definition of 'great' actually is!!

shovelheaddave's photo
Thu 07/12/18 08:00 AM

Trump is a good businessman.


trump has declared bankruptcy so many times that domestic banks wont even loan him money anymore,because they know that there is a good chance that they will LOSE that money....

how can you POSSIBLY think that he is a 'good busiessman'??

Easttowest72's photo
Thu 07/12/18 08:46 AM


Trump is a good businessman.


trump has declared bankruptcy so many times that domestic banks wont even loan him money anymore,because they know that there is a good chance that they will LOSE that money....

how can you POSSIBLY think that he is a 'good busiessman'??


Because he is a very rich man.

shovelheaddave's photo
Thu 07/12/18 09:15 AM



Trump is a good businessman.


trump has declared bankruptcy so many times that domestic banks wont even loan him money anymore,because they know that there is a good chance that they will LOSE that money....

how can you POSSIBLY think that he is a 'good busiessman'??


Because he is a very rich man.


LOL
just cuz he is 'rich' doesnt make him a good businessman!!

good businessmen dont declare bankruptcy so many times that banks,and people who are professionally in the business of loaning money to good,stable businessmen that they know they will get their money back from wont even talk to him anymore!!

just think about how much richer he would be now,if he wasnt such a bad businessman,and made such terrible business decisions that he had to declare bankruptcy so many times!!

THEN you could call him a good businessman!!

but,NOW,he is just a guy that inherited a SH!TL0@D of money from his father...

that doesnt make him a 'good businessman'...

that just makes him EXTREMELY lucky that his father had a SH!TL0@D of money for him to inherit,cuz,otherwise,you would have never even heard of him!!

mightymoe's photo
Thu 07/12/18 10:39 AM
Edited by mightymoe on Thu 07/12/18 10:45 AM



and,our trump-led government is treating us A LOT worse than the people he is 'claiming' that he is protecting us from.

he doesn't care about the 'promises' that he made to the people who he needed votes from back in 2016..
all he cares about is making a public spectacle that will feed his narcissism,and need for publicity.

I have to wonder,though....
how are these tariffs affecting HIS OWN personal fortune,and business interests?
cuz,i bet that SOMEHOW,once you dig deep enough,that they are benefitting him,and his super wealthy,elite 1% class.

while the common people,merchants,and farmers who make upthe majority of the country all suffer,and pay the price for it!!


so your thinking that nothing has changed in 18 years?


I have absolutely no idea how you arrived at that thought!!!

but,the last 18 years has nothing to do with what trump has done to this country in just the last 18 MONTHS,such as selling out our domestic farmers,merchants,and manufaturers that during his campaign he swore that he would support,and raise up,and 'make great again'!

these tariffs are SERIOUSLY hurting them,and will be catastrophic to them,and our economy if he continues to engage in trade wars with the rest of the world,so that he can play 'my-dick-is-bigger-than-yours' to feed his ego.

or,do you think that Harley Davidson is closing down its newest manufacturing plant in Kansas City,and moving it to Thailand,which costs this country THOUSANDS of jobs,and BILIONS of dollars because the new tariffs are so beneficial to them.

or that the farmers losing more than 20% of its profits from their crops because of these tariffs is going to help them?

if this is trump's idea of 'making America great again',i think that somebody needs to explain to him what the definition of 'great' actually is!!
whatever, that sounds so stupid it's not even worth arguing with...I guess the 20 trillion dollars deficit Trump inherited has nothing to do with anything....

And HD moving has already been discussed in another thread, HD is ripping off Americans and lost a lot of sales here...Trump lowered their taxes, they raised their prices and it pissed a lot of Americans off...their European sales are better...that's why they're moving, they screwed themselves...

shovelheaddave's photo
Thu 07/12/18 11:04 AM




and,our trump-led government is treating us A LOT worse than the people he is 'claiming' that he is protecting us from.

he doesn't care about the 'promises' that he made to the people who he needed votes from back in 2016..
all he cares about is making a public spectacle that will feed his narcissism,and need for publicity.

I have to wonder,though....
how are these tariffs affecting HIS OWN personal fortune,and business interests?
cuz,i bet that SOMEHOW,once you dig deep enough,that they are benefitting him,and his super wealthy,elite 1% class.

while the common people,merchants,and farmers who make upthe majority of the country all suffer,and pay the price for it!!


so your thinking that nothing has changed in 18 years?


I have absolutely no idea how you arrived at that thought!!!

but,the last 18 years has nothing to do with what trump has done to this country in just the last 18 MONTHS,such as selling out our domestic farmers,merchants,and manufaturers that during his campaign he swore that he would support,and raise up,and 'make great again'!

these tariffs are SERIOUSLY hurting them,and will be catastrophic to them,and our economy if he continues to engage in trade wars with the rest of the world,so that he can play 'my-dick-is-bigger-than-yours' to feed his ego.

or,do you think that Harley Davidson is closing down its newest manufacturing plant in Kansas City,and moving it to Thailand,which costs this country THOUSANDS of jobs,and BILIONS of dollars because the new tariffs are so beneficial to them.

or that the farmers losing more than 20% of its profits from their crops because of these tariffs is going to help them?

if this is trump's idea of 'making America great again',i think that somebody needs to explain to him what the definition of 'great' actually is!!
whatever, that sounds so stupid it's not even worth arguing with...I guess the 20 trillion dollars deficit Trump inherited has nothing to do with anything....


LMAO!!!

what sounds stupid is the fact that you are trying to use THE DEFICIT to excuse the damage that trump is CURRENTLY DOING to the NATIONAL ECONOMY,which doesnt have anything to do with the current deficit....
[but it WILL have something to do with the FUTURE deficit!!!!!]

the deficit is about the GOVERNMENT SPENDING MORE MONEY THAN IT COLLECTS IN TAXES!!

trump's trade tariffs creating a trade war,which means that the people of this country will have LESS INCOME FOR THE GOVRNMENT TO COLLECT TAXES ON will only make the deficit WORSE,but THAT is not what the topic of the conversation is about...

it is about trumps tariffs creating a trade war will FINANCIALLY HARM the people he swore that he was going to help!!

the FACT that it will also incease our deficit is a FACT,but it is irrelevant,and it doesnt matter what the amount of the current deficit he inherited it...

that is just a cop-out that you are using to try to pivot the conversation with because you can not RATIONALLY defend trumps tariffs in a way that will show how they are HELPING the people that he lied to when he swore that he was going to raise them up,and make them 'great again'!!


or,even, how they will 'help the deficit',because they WONT....they will only make it WORSE,as the taxpayers will have even LESS income for the government to collect taxes on!!

i think at this point,it is pretty obvious that you do not have the slightest idea of what you are talking about,and are just trying to take a 'pro-trump' position,no matter what the actual facts are.


Toodygirl5's photo
Thu 07/12/18 01:16 PM

Judging by the amount of products coming from China, I'd say our country is one of their biggest consumers. That being said, I'd bet that China isn't happy that their products won't be coming over quite so fast. What better way to get back to the bargaining table. Want to sell more here? Make your tariffs lower, so will we, and we can start trading fairly.


:thumbsup: