Trump Tightens the Noose on China; U.S. Firms Clash With President Over ‘Order’ to Abandon China

By Daily Wire. President Donald Trump announced retaliatory measures against China on Friday after the Chinese government imposed tariffs on the United States, stating that he is increasing tariffs on hundreds of billions of dollars of Chinese goods by an additional 5%.

“For many years China (and many other countries) has been taking advantage of the United States on Trade, Intellectual Property Theft, and much more. Our Country has been losing HUNDREDS OF BILLIONS OF DOLLARS a year to China, with no end in sight,” Trump tweeted. “Sadly, past Administrations have allowed China to get so far ahead of Fair and Balanced Trade that it has become a great burden to the American Taxpayer. As President, I can no longer allow this to happen! In the spirit of achieving Fair Trade, we must Balance this very….” . . .

“Trump’s tweets about China earlier Friday helped to send major U.S. stock indexes spiraling more than 2% for the day,” CNBC reported. “The trade war intensified in the morning when China announced new tariffs on $75 billion in U.S. goods in retaliation to the U.S. duties on $300 billion in Chinese products.” (Read more from “Trump Tightens the Noose on China” HERE)


Trade War Explodes as Trump Clashes With Us Firms Over ‘Order’ to Abandon China, Block Fentanyl Shipments

By Fox News. President Trump’s trade war with China boiled over Friday as Beijing slapped retaliatory tariffs on America and the president declared he’s ordering U.S. companies to prepare to leave the country and relocate back home — prompting pushback from corporate America. . .

But as Trump rejects such warnings while keeping his foot on the gas in the clash with China, American businesses responded to his latest guidance by urging continued trade talks.

The U.S. Chamber of Commerce issued a statement saying it wants to see continued “constructive engagement” with China.

“The U.S. business community has for many years called out the lack of progress in addressing China’s unfair trade practices. … Despite our concerns, the 40-year-old trade relationship between our two countries has been for the most part productive, constructive, and mutually beneficial,” said Myron Brilliant, executive vice president of the U.S. Chamber of Commerce.

“While we share the President’s frustration, we believe that continued, constructive engagement is the right way forward. Time is of the essence. We do not want to see a further deterioration of US-China relations. We urge the administration and the government of China to return to the negotiating table.” (Read more from “Trade War Explodes as Trump Clashes With Us Firms Over ‘Order’ to Abandon China, Block Fentanyl Shipments” HERE)

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