When US President Donald Trump gave his acceptance speech in January 2017, he spoke of ‘America First’.
Today, the world witnessed exactly what that means as POTUS slapped China with some $60 billion tariffs on imports in the US, a move that will certainly be the start of a trade war between the world’s biggest economies, as well as a clear choice in favour of US manufacturing.
As he signed the document, Mr Trump stated: “I will say the people we’re negotiating with, smilingly, they really agree with us. I really believe they cannot believe they’ve gotten away with this for so long.”
“I’ll talk to Prime Minister Shinzo Abe of Japan and others, great guy, friend of mine, and there will be a little smile on their face and the smile is: ‘I can’t believe we’ve been able to take advantage of the United States for so long.’ So those days are over.”
<blockquote class="twitter-video" data-lang="en"><p lang="en" dir="ltr">As a candidate, I pledged that if elected I would use every lawful tool to combat unfair trade, protect American workers, and defend our national security. Today, we took another critical step to fulfill that commitment. <a href="https://t.co/7NBI0Dibmx">https://t.co/7NBI0Dibmx</a> <a href="https://t.co/nmzqos3BUA">pic.twitter.com/nmzqos3BUA</a></p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/976891486510907393?ref_src=twsrc%5Etfw">March 22, 2018</a></blockquote>
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In a very rare move, Mr Trump even got praise from the Democrats over his actions against China, with Senate Minority Leader Chuck Schumer claiming that: “I don’t agree with President Trump on a whole lot, but today I want to give him a big pat on the back. He is doing the right thing when it comes to China.”
“Intellectual property is the lifeblood of emerging industries and the good paying jobs they provide. The American advantage of intellectual property is one of the main things that will keep us number one economically in this century. But not if we allow it to be stolen and taken advantage of. And the country that does that more than any other is China.”
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">JUST IN: Pres. Trump will sign presidential memo “targeting China’s economic aggression” at 12:30 p.m. EST Thursday <a href="https://t.co/zYpkbHV38G">pic.twitter.com/zYpkbHV38G</a></p>— Josh Caplan (@joshdcaplan) <a href="https://twitter.com/joshdcaplan/status/976606990754635777?ref_src=twsrc%5Etfw">March 21, 2018</a></blockquote>
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The tariff target that the White House administration wants to achieve is some $60 billion although it remains at this point unclear which specific imports will be targeted.
Source:
https://nypost.com/2018/03/22/trump-orders-50b-in-tariffs-on-chinese-imports/
Twitter: #USA #News #Trump #GOP #China #QAnon #Thursdaythoughts
Maybe this is how you convince a debtor to up your credit limit another $1.3Trillion? You just tell them give us 60 billion in trade deficit paybacks but if you help s out again we will forgettaboutit. What's 60 billion a year? Probably won't even cover our interest payments.