Apparently unsatisfied with a nasty correction in the market, and determined to undermine the U.S. economy even more to pleasure his Russian masters, drumpf is readying another round of tariffs on China, who are sure to retaliate in kind.
“The Trump administration on Tuesday published a list of about 1,300 Chinese exports that could be targeted for tariffs.
The United States plans to apply the tariffs to about $50 billion worth of goods to punish China for its theft of trade secrets, including software, patents and other technology. A 25% tariff would be applied to all the products, according to the US Trade Representative, a wing of the White House.
Many of the tariffs would target the Chinese aerospace, tech and machinery industries. Others would target medical equipment, medicine and educational material, such as bookbinding equipment.
The tariffs won’t go into effect immediately. The administration will hold a public hearing for US businesses on May 15. Even after that, it’s not clear when the tariffs would be applied.
“We have been saying that China wouldn’t start a trade war,” a Foreign Ministry spokesperson said in Beijing. “But we are not afraid of it, and we will resolutely fight to the end if someone insists on a war.”
This idiot won’t be happy until he tanks the whole damn economy.