China, Trump and tariffs
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Victor Gao, who is vice-president of the Center for China and Globalization in Beijing, said the tariffs "will not bring manufacturing jobs back to the United States".
From BBC
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With the S&P 500 nearing a bear market, shares in Asia decline as China and other major U.S. trading partners await the start of significantly higher tariffs.
From The New York Times
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China again vowed to “fight to the end” against Donald Trump’s tariffs in a lengthy policy statement published Wednesday, while arguing that trade between the two countries is in balance as a 104% tax on the country’s exports to the U.
President Donald Trump is set to impose an additional 84% in levies across all Chinese imports on Wednesday, White House Press Secretary Karoline Leavitt announced on Tuesday. That will mean all goods from the country are subject to a tariff of at least 104%.
The U.S. will impose a 104% tariff on China beginning at 12:01 a.m. EST Wednesday, White House press secretary Karoline Leavitt said in a briefing Tuesday. Starting tomorrow, the White House will begin collecting steep levies on imported goods from China, as President Trump follows through on a threat issued on Truth Social Monday.
The roughly 100% U.S. tariff on Chinese goods set to go into effect Wednesday would reduce the growth of China’s economy by some
Vance described the national debt as borrowing and buying from "Chinese peasants." The foreign ministry hit back ahead of 104% tariff rate hike.
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By Susan Heavey, Trevor Hunnicutt and Joe Cash WASHINGTON/BEIJING (Reuters) -The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by President Donald Trump's sweeping tariff plan.
President Trump’s threatened additional 50% tariff on China would boost the consumer price inflation rate by 0.35 percentage points, independent economist Omair Sharif estimates. That would be on top of a two-percentage point boost from already-announced tariffs,
16hon MSN
Saying we can just make this in the USA is a statement that incredibly understates the complexity of the Asia supply chain,” the Wedbush analyst notes.