‘I’m Ready To Go To $500 Billion’: Trump Says Prepared To Tax All Chinese Imports
Donald Trump is locked and loaded, ok?
Markets enjoyed a brief reprieve from the trade tensions early in the week as the administration was too preoccupied with the fallout from the Trump-Putin summit in Helsinki to focus on upending the future of global commerce.
But even as the administration was busy with Russia, U.S. lawmakers and other officials were pondering what's next and how to avoid further escalations. On Tuesday, Orrin Hatch made it clear that if the administration continues to
China can respond to the 500bln mathematically, they can put 100% tariffs on soybean pork and the rest and match the 500 bln of the orange butthole. There is no limits on how much one can tax imports as the numbers after a certain degree become meaningless. The 100% tariff would effectively mean a blockade on american agricultural products, tourism and crude oil. And they will do just that. The US economically and politically is setting up to become unrecognisable in the not too distant future.
These tariffs go to 11 https://www.youtube.com/watch?v=KOO5S4vxi0o
lol. that is exactly what he’s like.
I don’t understand why the Barclays list does not include: once yuan weakness has passed a certain threshold, rein it back in somewhat with the sale of a large chunk of US Treasuries, timed as to cause long term rates, especially the 10-year, to gap past recent resistance levels.
So, does this mean that the trumps will now stop manufacturing his too-long ties and maga crap and his mousey daughter’s over-priced and over-rated garbage in China? Sure gonna cut into their profit margins!
Imagine Max Boot, neocon shit-for-brains toad and BFF of Little Tommy Friedman actually wrote:
“Now I would take Obama back in a nanosecond,” he writes. “His presidency appears to be a lost golden age when reason and morality reigned. All of his faults, real as they were, fade into insignificance compared with the crippling defects of his successor. And his strengths – seriousness, dignity, intellect, probity, dedication to ideals larger than self – shine all the more clearly in retrospect.”
Unfortunately, orange five ball’s base does not have the IQ or the moral stones to ever come around to the same conclusion unless he advocates making gun ownership illegal, or divorces Melania for Whoopi or Oprah. Even then….