Trump targets $50 billion in Chinese goods

The Trump administration Tuesday unveiled a list of about $50 billion in Chinese electronics, aerospace and machinery products it plans to hit with steep tariffs, the latest move in a deepening U.S.-China trade conflict.

The new 25 percent import taxes are designed to penalize China for discriminatory policies that the United States says put its companies at a disadvantage in the Chinese market. President Trump has complained that the Chinese government forces U.S. companies to surrender their proprietary technology in return for access to local customers and steals other trade secrets via cybertheft.

Trump’s latest protectionist move threatens to upend global supply chains for corporations such as Apple and Dell, raise prices for American consumers who have grown accustomed to inexpensive electronics and aggravate tensions between the world’s two largest economies.

“We’re all about trade with China. We spent the last 25 years building that trade relationship,” Steinkamp said. “I appreciate the president looking out for our entire country. We just don’t want soybeans to be the fall guy and take all the punches from the Chinese.”, Trum says.

News source: Washingtonpost

1 comment

  1. wpupdateuser | 07.04.2018 at 04:50

    I don”t believe I”m missing the point at all. The point is not what and why the Chinese people as a whole prefer. The fact remains that it”s still a system in place that has the potential for great exploitation to the detriment of the Chinese people. The Chinese are human beings too, possessing every virtue and every vice. For all our concentration on the evil of the West, we can”t just close our eyes to the evil of the East. That the West is hypocritical, doesn”t mean we glaze over the wrongdoings of the East. You can easily build up a system of oppression built “along lines of thought and experience built up over millennia. Experience and millennia doesn”t end in the year 2018. In the grand scheme of things this whole thing could end up a gigantic mistake that informs the process of experience and millennia for future generations of Chinese. This philosophically erroneous bias operating here being belief in inevitable progress” and worship of the modern.” As if the present step could not produce something erroneous.

    Reply

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