Drudge Retort: The Other Side of the News
Saturday, September 15, 2018

U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday, a senior administration official told Reuters on Saturday. The tariff level will probably be about 10 percent, the Wall Street Journal reported, quoting people familiar with the matter. This is below the 25 percent the administration said it was considering for this possible round of tariffs.



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China has a lot more to lose than we do according to rwingers.
Yeah they will lose a few arms and legs. We'll only lose both arms.

#1 | Posted by woe_is_W at 2018-09-15 07:51 PM | Reply

"China has a lot more to lose than we do according to rwingers."

United States of America/Gross domestic product
18.57 trillion USD (2016)

China/Gross domestic product
11.2 trillion USD (2016)

#2 | Posted by snoofy at 2018-09-15 07:55 PM | Reply

The US trade gap increased 9.5% to $50.1 billion (€43.1 billion). in July, from a revised $45.7 billion in the prior month. Exports fell by 1% last month, while imports rose 0.9%.

(2018 monthly deficit) X12= $200 billion/$11.2 trillion (Chinese 2016 GDP) = .017, less than 2% of the Chinese economy. They will destroy Trump, which will destroy us.

#3 | Posted by bayviking at 2018-09-15 08:59 PM | Reply | Newsworthy 1

China is doing what it can to benefit China. Nobody should blame them for that.

China is looking decades into the future. US politicians can't look past the next election. Trump can't look past the next 10 minutes.

#4 | Posted by horstngraben at 2018-09-15 09:52 PM | Reply | Newsworthy 2

Good. This action by The Dotard will further seperate winners and losers in the US economy. Trump voters will be further bifurcated into two groups--his true believers who will suffer economically and blane ANYONE but Trump, and the few whose employers benefit from tariffs and will regain enough economic power to drive their wages (such as seen by steelworkers now). Of course, the first group far outnumbers the second.

Come 2020, many Trump voters will see a nip from having to pay taxes each April, lower real wages, higher prices at the pump and the grocery and continued investigations that their orange leader will no longer be able to shrug off. It's not so easy for these voters to answer in the affirmative that they are better off than four years previous...

#5 | Posted by catdog at 2018-09-15 10:39 PM | Reply

"China is doing what it can to benefit China. Nobody should blame them for that."

And no one should blame the U.S. for doing what we can to benefit our nation. Running a 500 billion dollar trade deficit is not helping our country by any means but it does benefit the Chinese. I don't agree with Trump on much but ending the trade imbalance is one thing we do agree on.

#6 | Posted by danni at 2018-09-17 05:57 AM | Reply

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