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| Home Front: Politix |
| Trump to US companies: make products at home |
| 2019-05-12 |
"Such an easy way to avoid Tariffs? Make or produce your goods and products in the good old USA. It’s very simple!" he said Saturday on Twitter, echoing a similar message he sent Friday ‐ and even retweeted. Trump had accused Beijing of reneging on its commitments in trade talks and ordered new punitive duties, which took effect Friday, on $200 billion worth of Chinese imports, raising them to 25 percent from 10 percent. He then cranked up the heat further, ordering a tariff hike on almost all remaining imports ‐ $300 billion worth, according to US Trade Representative Robert Lighthizer ‐ from the world’s second-biggest economy. Those tariffs would not take effect for months, after a period of public comment. The developments came as two days of US-Chinese talks ended Friday with no deal ‐ but no immediate breakdown either ‐ offering a glimmer of hope that Washington and Beijing could yet find a way forward. Only a week earlier, the two had seemed poised to complete a sweeping agreement. Washington wants Beijing to tighten its intellectual property protections, cut its subsidies to state-owned firms and reduce the yawning trade deficit; China wants an end to tariffs as part of a "balanced" deal. |
| Posted by:Besoeker |
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| Posted by: Herb McCoy 2019-05-12 17:09 |
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| Posted by: Procopius2k 2019-05-12 08:02 |
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| Posted by: Blossom Stalin3940 2019-05-12 06:41 |
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| Posted by: Besoeker 2019-05-12 06:07 |