Trump to Impose 25 Percent Tariffs on Goods From China
Summary from the AllSides News Team
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From the LeftAP FACT CHECK: Trump’s fallacious tariff tale
In escalating his trade war, President Donald Trump is persisting in his deceptive argument that tariffs are a pure win for the U.S. and a loss for China. He will not acknowledge that the costs of tariffs are being borne by Americans.
Trump has vowed to impose a blanket tariff of 25% on everything Americans buy from China. That would mean raising tariffs from 10% on $200 billion worth of goods by the end of the week and hitting an additional $325 billion in Chinese products with the same penalty...
From the LeftTrade war threatens to roil 2020 race as Republicans complain about the tariffs Trump loves
President Trump’s aggressive trade policies are running headlong into his campaign for reelection.
As Trump prepares to run on the economy, his threat to increase tariffs on imports from China has sent the stock market diving and undercut a stretch of positive economic news. U.S. farmers and exporters, already bearing the brunt of China’s retaliatory tariffs, now face the prospect of an escalated trade war in which states that Trump needs to win reelection will be in the crosshairs.
The trade war has also exposed a rift inside the White...
From the RightTrump absolutely right to slap new tariffs on China
President Trump Opens a New Window. on Sunday announced additional incoming tariffs Opens a New Window. on China, reminding Beijing Opens a New Window. that its days of negotiating with weak counterparts are over, at least as far as it concerns the United States.
While Trump’s move may cause short-term stock market turbulence Opens a New Window. , it’s great news for U.S. national security and our economy over the longer term. China’s communist government must now recognize that time is short to avoid prolonged pain for its economic aggression...