Trump ups tariff threat, slams Fed, big US trading partners

[Yo_Mama_Been_Loggin]

WASHINGTON — President Donald Trump on Friday escalated his threats to punish China for its trade policies, warning anew that he’s prepared to impose tariffs on all Chinese imports and arguing that Beijing has manipulated its currency at the expense of the United States.

In a taped interview with the business channel CNBC, Trump warning, “I’m willing to go to 500,” meaning he’s prepared ultimately to impose tariffs on $500 billion in Chinese imports — roughly the value of all the goods Beijing shipped to the United States last year.

Doing so would mean that American households and companies would have to pay sharply higher prices for all Chinese products, as long as the tariffs remained in effect. Trump has already imposed tariffs on $34 billion in Chinese goods, and Beijing has retaliated with tariffs on an equal amount of American exports.

Trump had earlier threatened to target up to $550 billion in Chinese products — a figure that exceeds the $524 billion in goods and services China actually shipped to the United States last year. But his remarks to CNBC caught financial markets by surprise Friday. U.S. stocks sank in early trading before rebounding.

https://www.heraldnet.com/business/trump-ups-tariff-threat-slams-fed-big-us-trading-partners/?utm_source=DAILY+HERALD&utm_campaign=932ab4ced0-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d81d073bb4-932ab4ced0-228635337

Anyone who bought the BS that Trump is a financial wizard has their head up their ass.

[John Fante]

1. Trump brand products will magically be exempt from tariffs.

That you can bet.

[beachbum bob]

2. trump is following Putins play book way better than he ever expected

how much is this going to cost america? Trillions I suspect.

We have the fight for our survival in less than 110 days

[SWBTATTReg]

4. Thank god it's only 110 days (or less by now)...nt

[beachbum bob]

5. could seem like a million years if the damage goes out of control

[SWBTATTReg]

3. This idiot is going to sink this country by himself...just like he did w/ all of his ...

bankrupt companies...and people at one time thought he alone, had all of the answers?

HA! What a joke of a human being, a so called billionaire (yeah, right...), and of course a lousy president who doesn't know which way is up...

[beachbum bob]

6. the chinese have many ways to respond and any one of them screw working and retired americans

they own us and the pain will be severe once they decide THEIR response to trump

[Sneederbunk]

7. Inscrewtable?

[SWBTATTReg]

8. Really, and I'm just waiting to see what they are going to do...

Seize the assets of all American companies in China;

Dump the trillions and trillions of dollars that the Chinese have already, and cause the downfall of the US dollar;

If you're a company wanting to do business in China, must certify that your company isn't doing business w/ any American companies;

etc.

[beachbum bob]

9. chinese can start with simple announcements that would immediately tank our stock markets

[SWBTATTReg]

10. Yes, you're right! NT

[beachbum bob]

11. I almost suspect this might be their shot across trump's head..then US business interest will force

their bought and paid for republicans to do something

that will be enjoyable to watch