Trump asks US trade representative to consider $100 billion in additional tariffs on Chinese product

[BumRushDaShow]

Source: CNBC

President Donald Trump on Thursday said he has instructed the United States Trade Representative to consider $100 billion in additional tariffs against China.

"In light of China's unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products upon which to impose such tariffs," Trump said in a statement.

Dow Jones futures tanked on the news, with the implied open down more than 400 points.

China on Wednesday announced it would introduce tariffs on 106 U.S. products, including soybeans, cars and whiskey. The tariffs were introduced as a retaliatory measure against President Trump, who, just 24 hours prior, had unveiled a list of Chinese imports he planned to target with tariffs.

Read more: https://www.cnbc.com/2018/04/05/trump-asks-us-trade-representative-to-consider-100-billion-in-additional-tariffs-on-chinese-products.html

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It's becoming childish now.

Full title: Trump asks US trade representative to consider $100 billion in additional tariffs on Chinese products

[Bernardo de La Paz]

1. Bullies only know how to raise the stakes until the bully collapses. Trump will cave, claim victory,

... and his base will cheer and say "See, proof he is tough and wins!".

[Voltaire2]

2. Oh hes a double down idiot.

What a shock.

[TomCADem]

3. Think This Will Please Trump/Bernie Supporters

As Bernie has said, China has already been in an undeclared trade war with the US, and he has urged Trump to start hitting back forcefully against Mexico and China.

[Eliot Rosewater]

6. Not until it does tremendous harm to all of us.

[greymattermom]

4. Why doesn't he just remove his family from

any business in China?

[Bernardo de La Paz]

7. Yeah, he's such a large businessman if he pulled his gang's biz out, China's economy would collapse.

/sarc

[Eliot Rosewater]

5. The more harm he does to us the more he will seek to harm us, it is what gets him out of bed

in the morning, revenge.

[applegrove]

8. DOW futures down 400 points in the last hour. Maybe it is a chance

for rich people to buy up stocks are something. They seem so quiet.

Later: Apparently they were mollidied last week by Trumppeople saying it was a negotiation to reduce Chinese stealing of intellectual property. That is out the window.

[roamer65]

9. The Chinese should announce an embargo on the export of rare earth metals.

[sinkingfeeling]

10. "Unfair retaliation". This has got to be the stupidest man on earth.

[Trust Buster]

11. All China has to do is quit buying our debt and interest rates will shoot up killing the economy.