Daily Management Review

Trump 'Ready' To Slap Tariffs On All Chinese Goods Imported Into US: CNBC


07/20/2018




Trump 'Ready' To Slap Tariffs On All Chinese Goods Imported Into US: CNBC
According to a report published by news house CNBC, there are indications that United States President Donald Trump would not be averse to slap imp-ort tariffs on all of the Chinese goods that are sent to the US if there is need to do so.
 
"I'm ready to go to 500," the president told CNBC's Joe Kernen in a "Squawk Box" interview.
 
Trump said made this comment while talking about the Chinese goods that were imported into the US in dollar terms in 2017 which was $505.5 billion to be exact. In comparison, the value in US dollars of the goods that were exported from the US into China in the same period was about $129.9 billion. These were data from the Census Bureau.
 
So far in the ongoing and apparently escalating trade spat between the US and Chines, the former has slapped import tariff on Chinese goods worth just $34 billion which have been met with retaliatory tariffs from China on US goods worth of similar value in dollar terms.
 
In a tit-for-tat trade battle, the Chinese would not even be able to come close to the US in terms of dollar value of trade. The comments made by Trump clearly indicates a complete willingness to pursue the present course of action in its trade policy with China till such time that the country deems necessary. The aim is to get Chinese tariff concessions together with a pledge to bring to a stop the alleged stealing of American technology in the name of Chinese joint ventures in China.
 
"I'm not doing this for politics, I'm doing this to do the right thing for our country," Trump said. "We have been ripped off by China for a long time."
 
There are a number of fronts that the U.S. is "being taken advantage of", Trump said. Such fronts also include trade and monetary policy. Despite such a situation, Trump said that he had not taken any measures in terms of tariffs that carried any ill will towards China
 
"I don't want them to be scared. I want them to do well," he said. "I really like President Xi a lot, but it was very unfair."
 
Durng the interview and referring to the Chine US tariffs regimen currently going on, Trump also said he was informed privately by unnamed Chinese officials who said that "nobody would ever complain" from past administrations "until you came along — me. They said, 'Now you're more than complaining. We don't like what you're doing.'"
(Source:www.cnbc.com)






Science & Technology

Fast Company: Apple isn't the most innovative anymore

U.S. Space Program Could Be Delayed Due To SpaceX, Boeing Design Risks: Reuters

What trends will be affecting the health sector in the coming years?

Deloitte identifies main cyber threats for power industry

Zenuity To Take Self Driving Car Road Test In Sweden With Permission

Researchers: Half of Facebook users is fake

Amazon’s Ring gets in a privacy scandal

Facebook Is Creating A Stablecoin For Its WhatsApp Users

IBM offers to use the first quantum computer

Passport Numbers Of 5 Million Customers Hacked: Concedes Marriott

World Politics

World & Politics

AirHelp expects up to 33 th of cancellations and flight delays per day all over the world in 2019

Far-right and Catalonia: New elections in Spain

Trump is losing rating because of shutdown

Hanoi, Vietnam Chosen As Place For 2nd Summit Between Trump And Kim Jong-Un

US, China to hold new negotiations in Beijing

Human Rights Not To Be Dissociated From Stability, Macron Tells Sisi

Brexit Hijack Is Not The Parliament’s Right

Macedonia ignites political crisis in Greece