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Thread: China imposes additional tariffs in response to U.S. duties on steel, aluminum

  1. #1

    China imposes additional tariffs in response to U.S. duties on steel, aluminum

    China has slapped extra tariffs of up to 25 percent on 128 U.S. products including frozen pork, as well as on wine and certain fruits and nuts, in response to U.S. duties on imports of aluminum and steel, Chinaís finance ministry said.

    The tariffs, to take effect on Monday, was released late on Sunday and matches a list of potential tariffs on up to $3 billion in U.S. goods published by China on March 23.

    Chinaís Ministry of Commerce (MOFCOM) said it was suspending its obligations to the World Trade Organization (WTO) to reduce tariffs on 120 U.S. goods, including fruit. The tariffs on those products will be raised by an extra 15 percent.
    https://www.reuters.com/article/us-u...-idUSKCN1H81J3
    "The one permanent emotion of the inferior man is fear - fear of the unknown, the complex, the inexplicable. What he wants above everything else is safety."
    H. L. Mencken



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  3. #2
    They have more to lose than we do and less room to maneuver, they will lose and we will be better off.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  4. #3
    oh no! our $130B of exports vs their $505B of imports. Don't, stop, come back!

    I just want objectivity on this forum and will point out flawed sources or points of view at my leisure.

    Quote Originally Posted by spudea on 04/20/16
    There won't be a contested convention
    Quote Originally Posted by spudea on 05/30/17
    The shooting of Gabrielle Gifford was blamed on putting a crosshair on a political map. I wonder what event we'll see justified with pictures like this.

  5. #4
    Quote Originally Posted by spudea View Post
    oh no! our $130B of exports vs their $505B of imports. Don't, stop, come back!
    "The one permanent emotion of the inferior man is fear - fear of the unknown, the complex, the inexplicable. What he wants above everything else is safety."
    H. L. Mencken

  6. #5
    The Chinese tariffs will hit rural people the most. Trump Country. China is currently refraining from tariffs on soy and sorghum. China buys about a third our our soy output.
    Last edited by Zippyjuan; 04-02-2018 at 01:40 PM.

  7. #6
    Quote Originally Posted by Zippyjuan View Post
    The Chinese tariffs will hit rural people the most. Trump Country. China is currently refraining from tariffs on soy and sorghum. China buys about a third our our soy output.
    This is part of the nefarious plot to crash the price of soy while simultaneously making other foodstuffs more expensive, thus turning all the men in rural America in un-MAGA-capable soy boys.
    "The one permanent emotion of the inferior man is fear - fear of the unknown, the complex, the inexplicable. What he wants above everything else is safety."
    H. L. Mencken

  8. #7
    Quote Originally Posted by TheCount View Post
    This is part of the nefarious plot to crash the price of soy while simultaneously making other foodstuffs more expensive, thus turning all the men in rural America in un-MAGA-capable soy boys.
    nice 1

  9. #8
    Quote Originally Posted by TheCount View Post
    This is part of the nefarious plot to crash the price of soy while simultaneously making other foodstuffs more expensive, thus turning all the men in rural America in un-MAGA-capable soy boys.
    Doubtful. Because pussy boys don't live in rural America. They know how to hunt.
    ================
    Open Borders: A Libertarian Reappraisal or why only dumbasses and cultural marxists are for it.

    Cultural Marxism: The Corruption of America

    The Property Basis of Rights



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  11. #9
    Anyone else just happy to see the WTO being ignored?
    Quote Originally Posted by timosman View Post
    This is getting silly.
    Quote Originally Posted by Swordsmyth View Post
    It started silly.
    T.S. Elliot's The Hollow Men

  12. #10
    Quote Originally Posted by nobody's_hero View Post
    Anyone else just happy to see the WTO being ignored?
    I am.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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