China says Trump has started “the largest trade war in economic history.”

By | 2018-07-07T14:48:08+00:00 July 7th, 2018|Categories: News, News2|Tags: , , , , |14 Comments

Look, Trump finally got his war.

Courtesy of Vice:

Donald Trump’s trade war finally arrived Friday after China slapped retaliatory tariffs on U.S. goods in direct response to U.S. taxes on Chinese goods, which went into effect at midnight.

Labeling the president and his administration “a gang of hoodlums,” Beijing warned Washington it had kickstarted “the largest trade war in economic history.”

The U.S. tariffs impose a 25 percent duty on $34 billion worth of Chinese goods, with Beijing imposing equivalent levies on U.S. goods.

American products targeted by China include soybeans, cigars, electric cars, and whiskey.

“China will not fire the first shot, but it is inevitably forced to strike back to defend the core interest of the nation and its people,” a statement from the Ministry of Commerce in Beijing said. “We will report to the World Trade Organisation on a timely basis.”

Chinese state media took a more bellicose tone, with China Daily warning: “The Trump administration is behaving like a gang of hoodlums with its shakedown of other countries, particularly China,” adding the tariffs “have set off the largest trade war in economic history, demonstrating a typical hegemonic attitude against the rules of world trade.”

Look I know that our trade with China is very lopsided, and could see myself applauding a leader taking a stand and demanding that we renegotiate our trade deals with a number of countries. 

However Trump is NOT that leader, and all he could possibly accomplish is to damage our relationships with these countries to completely that it will take an actual economic genius to set things right again.

In the meantime, the people who are going to be the most impacted by Trump’s cowboy attitude are the very people who supported his campaign in the first place. 

Unfortunately for the rest of us, the damage will not be contained to just those who actually believed that Trump had any idea about how to run this country. 

About the Author:

This blog is dedicated to finding the truth, exposing the lies, and holding our politicians and leaders accountable when they fall far short of the promises that they have made to both my fellow Alaskans and the American people.

14 Comments

  1. Anonymous July 7, 2018 at 4:15 am - Reply

    So many coal jobs have been produced talk of reopening the Baldwin and ALCO steam locomotive factories is being discussed by Trump to the the voice in his head.e

  2. Anonymous July 7, 2018 at 5:54 am - Reply

    Is it just “us,” is there something we’re not seeing?? I keep going back to those WI Harley Davidson workers who are just fine with having their jobs shipped to Europe because Trump “knows what he’s doing.” Are you freaking kidding me? Every darned day it’s something else, with a complicit congress that does nothing but let him continue his destruction. I just don’t GET it.

  3. anonymous July 7, 2018 at 7:10 am - Reply

    RiiiggghhhttTinydjt>
    https://www.rawstory.com/2018/07/trump-calls-twitter-boot-ny-times-washington-post-since-banning-fake-accounts/

    “Twitter is getting rid of fake accounts at a record pace. Will that include the Failing New York Times and propaganda machine for Amazon, the Washington Post, who constantly quote anonymous sources that, in my opinion, don’t exist,”

  4. anonymous July 7, 2018 at 7:27 am - Reply
  5. anonymous July 7, 2018 at 7:36 am - Reply

    https://theconversation.com/we-estimate-china-only-makes-8-46-from-an-iphone-and-thats-why-trumps-trade-war-is-futile-99258

    “the administration has also threatened to slap tariffs on US$200 billion in other goods if the dispute continues’….And the big apple rot$…

    No list of all the goods that might be subject to tariffs has been released, but it would have to include consumer electronics, such as smartphones, which is the largest single product category in China’s exports to the U.S.”
    ” The World Trade Organization has already developed an alternate set of trade numbers that shows each country’s trade in value added terms, but the administration seems to have missed the memo.””

  6. anonymous July 7, 2018 at 8:21 am - Reply

    “The answer lies in the interplay between deep-seated racism and stagnant and declining wages. Both must be addressed.”
    “If America doesn’t respond to the calamity that’s befallen the working class, we will have Trumps as far as the eye can see.

    A few Democrats are getting the message – pushing ambitious ideas like government-guaranteed full employment, single-payer health care, industry-wide collective bargaining, and a universal basic income.”
    “if “Citizens United” isn’t overruled, big money’s influence can be limited with generous public financing of elections, full disclosure of the source of all campaign contributions, and a clampdown on the revolving door between business and government.

    Trump isn’t the cause of what’s happened to America. He’s the consequence – the product of years of stagnant wages and big money’s corruption of our democracy combined with a long legacy of racism and bigotry.” ‘economy’

    https://www.rawstory.com/2018/07/theres-one-surefire-way-prevent-future-donald-trumps/

  7. anonymous July 7, 2018 at 8:40 am - Reply

    OT? In those days in the Army, the Project 100,000 draftees were called the “Moron Corps” and “cannon fodder.”
    “The ability of a significant number of young American men to essentially buy their way out of the draft left service in the military to those who couldn’t fake stuff like spurious “bone spurs” to dodge the draft. When I served in the Army at that time, draftees were nearly uniformly from the inner cities or the poorer areas in rural America, like the deep South, Appalachia and thinly populated states like Idaho, Montana, Nevada and the Dakotas.”
    ” A total of 58,220 would be killed in Vietnam. Another 304,000 soldiers were wounded, out of a total of 2.7 million who served in Vietnam.

    As it got harder and harder for the Selective Service to fill the ranks, Secretary of Defense Robert McNamara came up with an experiment the Pentagon called “Project 100,000.” This was a program that lowered standards for military eligibility, dropping the lowest allowable scores on the Armed Forces Qualification Test down to Category IV, scores in the 10 to 30 percentile range. In addition to lowering the standards for “mental aptitude,” Project 100,000 also allowed men to be drafted who could not speak English and had “minor” physical impairments, along with those who had previously been deemed too overweight or underweight to serve.”
    “more or less officially in three countries: Afghanistan, Iraq and Syria. We have troops serving overseas in at least 140 countries, including 800 on the continent of Africa in hotspots like Somalia, Niger and Congo, where ISIS terrorists are recruiting and attempting to expand their influence.” “What is the Trump administration doing?

    ““Some of the service members say they were not told why they were being discharged,””So while Trump’s Department of Defense has recruiters working overtime to try to fill the ranks with the troops they need to fight three wars and serve overseas in deployments to 140 countries, they are demonizing transgender Americans and immigrants who are volunteering to serve, and either discharging them or refusing them as military recruits.

    Trump has no knowledge of or respect for the service immigrants and the children of immigrants have given this country in our military.”
    “The man who dodged the draft five times cares more about the rank prejudice of his “base” than he does about the national security of this country.”

    https://www.salon.com/2018/07/07/donald-trump-dishonors-our-troops/

  8. whatevs July 7, 2018 at 9:11 am - Reply

    @8:40 a.m. – So that’s how Dakota Meyer got into the military. Category IV.

  9. Esbee July 7, 2018 at 10:47 am - Reply

    This was in the local (Dutch) news: export of Dutch steel isn’t much affected by the tariffs, because American steel manufacturers … have raised their prices. So factories needing steel might just as well but the superior foreign product.
    You guys have such a brilliant president.

  10. Anonymous July 7, 2018 at 1:56 pm - Reply

    So where will trump havr his cheap suits and ties made,what about ivanka’s clothing line and let’s not forget the MAGA bubba hats. Bet they are all exempt.

    Hope the farmers who voted for MR deal maker enjoy eating their soybeans and corn. Hopr the KY whiskey makers get cirrhosis from they product they won’t be able to sell overseas.

    • Anonymous July 7, 2018 at 7:45 pm - Reply

      Just wait….they believe everything he says.
      I know I Know I KNOW that there are so many atheists here, and, pardon me Gryph, but in my 61 years on the planet it sounds more and more like the end times as described in Revelation.
      I say so not to offend anyone.

  11. Anonymous July 7, 2018 at 10:13 pm - Reply

    China will get it’s soybeans from Russian, thus helping Russia’s economy. Likewise they’ll get their electric cars from Japan, the ones they don’t build themselves. Their cigars they can get directly from Cuba, Honduras, etc. They can get whiskey from Scotland, Ireland, the UK.

    Meanwhile watch unemployment go back up in a few months as Trump’s trade war starts to take it’s tole. Gee. Just in time for NOVEMBER. Let’s see how many Deplorables finally get a clue. I know there’s a pig farmer in east Tennessee (or is it Kentucky?) that is voting Democratic in November, even though he voted for Trump in 2016. This guy understand enough about trade and tariffs to know exaclty how badly this is going to hurt his business.

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