In an interview with CNBC Friday, President Trump announced he’s “ready to go” on $500 billion more in tariffs placed on China.
Trump said the largest nation in the world has been besting us:
“I really like President Xi (Jinping) a lot, but … we’re down a tremendous amount.”
DT brandished his trademark “America first” approach:
“I’m not doing this for politics. I’m doing this to do the right thing for our country. We have been ripped off by China for a long time, and I told that to President Xi.”
According to Bloomberg, the U.S. bought approximately half a trillion dollars worth of stuff from China in 2017.
To Trump, we’ve been getting the short end of the stick.
The Donald’s been trying to make that stick longer, which is why he tacked on $34 billion in duties to China last month.
China turned around and did the same.
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He also recently heaved a load of tariffs onto Turkey, the European Union, Mexico, and Canada, with regard to aluminum and steel (please see much more here), which Federal Reserve Chair Jerome Powell thinks could be dangerous (explained here).
After the Chinese ping-pong, the White House announced another $200 billion for China.
They’re very good at ping pong over there:
In response, China — like the other countries listed above — has filed a challenge with the World Trade Organization.
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Trump continues to lead the country as a businessman, which seems to me a good thing. Particularly coming out of the Obama years, a tough competitor in the world market is something we’ve needed, and needed to be. He may say goofy things and sometimes fumble the ball in the process (like here), but Trump is trying to live up to his super cool title (shown here and here): the Artist of the Deal.
Do you think he’s succeeding?
I hope you enjoyed the article, and the ping pong. Please sound off in the Comments section below.
For something totally different, check out my articles on the U.S. mediating the war in Afghanistan, Reefer Madness in New York, and adorable Alyssa Milano’s dream that one day American women will have rights.
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