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‘Say Hello To My Little Friend!’ Global Markets In Turmoil As China Strikes Back At Trump Tariffs

"You wanna play rough?!"

In taking aim at the “Made in China 2025” initiative, Trump is attempting to undercut Beijing’s effort to catapult the country into a leadership role in industries like IT, robotics, aerospace, rail, new-energy vehicles, bio-medical and (somewhat separately), AI. Clearly, any effort to stymie that from Trump would invite retaliatory measures, raising the trade stakes even further, and putting the focus even more squarely on tech, etc. etc. That's what we said on Tuesday evening after the USTR published the list of products subject to the tariffs announced last month in connection with the Trump administration's 301 probe. Well if you were hoping this situation wouldn't deteriorate further, you're going to be disappointed because China has decided to hit the U.S. with $50 billion in tit-for-tat tariffs and unlike the measly $3 billion in duties Beijing slapped on imports in response to the steel and aluminum levies (those went into effect on Monday), this time they aren't playing around. China is now going to apply 25% reciprocal tariffs on 106 U.S. products and that includes soybean, cars, planes and chemicals. "China’s response was tougher than what the market was exp
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7 comments on “‘Say Hello To My Little Friend!’ Global Markets In Turmoil As China Strikes Back At Trump Tariffs

  1. bunny says:

    Everyone is a loser in this from helpless people who must pay a big chunk more for stuff they need to the producers who lose sales. The only beneficiary is the fuckin government treasury collecting huge tariff sums.

  2. Billy Oxygen says:

    When Trump made TP out of the TPP he lost leverage in the Asian Trade game. Uncle Trump then met with the Chinese to display for them his flaws up close and personal. They love them some Uncle Trump. Now here we are with a self wounded weak ass president lashing out like a handcuffed meth head being walked to the police vehicle. I say make money off of the trump douches like roseanne, who I hope bought more yesterday.

    • bunny says:

      Yeahbut Hillary pledged to withdraw from TPP too. So no difference. It’s just part of the gradual but accelerating decline of the US. Sadly, US won’t just fade into the night gracefully like UK did.

  3. […] that all is definitely not quiet on the Eastern front, where China struck back overnight and retaliated against the USTR’s 301 measures with $50 billion in reciprocal tariffs on 106 U.S. products including […]

  4. […] got off to a decidedly harrowing start after China retaliated against the administration’s 301 tariffs following the USTR’s publication of affected products […]

  5. […] importantly, China clearly believes this is mostly political. That's why when Beijing retaliated on April 4 to the original list published by the USTR in conjunction with the 301 probe, the countermeasures […]

  6. […] of Chinese products Trump intended to subject to tariffs in connection with the 301 probe. China retaliated immediately. Trump lost his shit and suggested he would slap tariffs on another $100 billion worth […]

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