Finally, the Trump administration is planning to roll out some tariffs on Chinese imports:
“President Donald Trump’s administration is preparing to unveil an aggressive trade crackdown in the coming weeks that is likely to include new tariffs aimed at countering China’s and other economic competitors’ alleged unfair trade practices, according to three administration officials.
Trump is tentatively scheduled to meet with Cabinet secretaries and senior advisers as soon as this week to begin finalizing decisions on a slew of pending trade fights involving everything from imports of steel and solar panels to Chinese policies regarding intellectual property, according to one of the administration officials. …
“Broad restrictions would almost certainly be met with retaliation and potentially challenged at the World Trade Organization. It could also trigger copycat actions, with other countries closing their markets to American goods in the name of national security. …”
This is good news.
Like the ban on transsexuals in the military though, it remains to be seen what will ultimately come of this. We’ve ceded authority over our trade policy to the WTO:
“Second, and relatedly, broad retaliatory tariffs under Section 301 would almost certainly be challenged by China at the WTO and could actually result in a WTO panel ruling that both the tariffs and the law itself were inconsistent with the United States’ WTO obligations. …”
Is this going to be another base hit followed by an out on second base? It really depends on how far the Trump administration is willing to go to reassert American sovereignty.
Note: We’re not expecting a trade war so much as a fireworks show.
Why is this “good news”?
Could be a sign that he is about to get serious about his campaign rhetoric on China. I’m not that optimistic though because this will go to the WTO.
If he’s serious about getting this done, I would think that he’s aware of the WTO issue.
And if I trusted him to keep his campaign promises, I’d think he’d be willing to pull the US out of the WTO if necessary, or else just ignore whatever ruling they make.
But I’m sure this will just fizzle out just like any other vaguely positive step he’s taken.
But our GOV imposing itself on other countries is nothing outside of the republicrat agenda, this is business as usual for Republicans.
Besides, morality is the foundation of culture, if Trump the Great thinks his business suave is going to save us he is putting his wig on too tight.
It’s bollocks.
If, apart from Israel any nation on earth interferes with the US election it was China.
There’s not a lot Trump can do as China is going to be #1 next year.