President Donald Trump instructed the US trade department to find an additional list of Chinese products on which he plans to impose a further $100bn worth of tariffs. These measures come as the price of aluminum in the US dropped 4%.
Related coverage: https://thegoldwater.com/news/21880-China-US-Colony-Canada-Needs-To-Be-Punished-For-Antidumping
Mr Trump stated: “Despite the Aluminum Tariffs, Aluminum prices are Down 4%. People are surprised, I’m not! Lots of money coming into U.S. coffers and Jobs, Jobs, Jobs!”
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Despite the Aluminum Tariffs, Aluminum prices are DOWN 4%. People are surprised, I’m not! Lots of money coming into U.S. coffers and Jobs, Jobs, Jobs!</p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/982214297160839173?ref_src=twsrc%5Etfw">April 6, 2018</a></blockquote>
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The Chinese government, via its Foreign Minister Mr Wang Yi said: "China and the US as two world powers should treat each other on a basis of equality and with respect.
Related coverage: https://thegoldwater.com/news/22082-Looming-Trade-War-China-Imposes-New-Tariffs-on-US-Meat-Fruits
"By waving a big stick of trade sanctions against China, the US has picked a wrong target."
<blockquote class="twitter-video" data-lang="en"><p lang="en" dir="ltr">President Trump said in a radio interview Friday morning that tariffs on China may cause a little pain, but he insists there is no trade war: <a href="https://t.co/boknEJCJF1">https://t.co/boknEJCJF1</a> <a href="https://t.co/xDfPt9HJ9W">pic.twitter.com/xDfPt9HJ9W</a></p>— CBS News (@CBSNews) <a href="https://twitter.com/CBSNews/status/982228326012997636?ref_src=twsrc%5Etfw">April 6, 2018</a></blockquote>
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However, Mr Trump was less than impressed and branded the retaliation by Beijing as "unfair".
"Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers. In light of China's unfair retaliation, I have instructed the USTR (United States Trade Representative) to consider whether $100bn of additional tariffs would be appropriate and, if so, to identify the products upon which to impose such tariffs."
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">China says it will defeat US in any trade war and will stand up to Trump's 'bullying tactics' | Independent <a href="https://t.co/TcDt1DEFM9">https://t.co/TcDt1DEFM9</a></p>— SafetyPin-Daily (@SafetyPinDaily) <a href="https://twitter.com/SafetyPinDaily/status/982232277944958979?ref_src=twsrc%5Etfw">April 6, 2018</a></blockquote>
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The Chinese Ministry of Commerce Spokesman Gao Feng stated: "We do not want to fight, but we are not afraid to fight a trade war," before continuing to state that if the US ignores opposition from China over these "unilateralist and protectionist acts," then China will "not hesitate to pay any price, and will definitely strike back resolutely to defend the interests of the country and its people."
Source:
https://twitter.com/realDonaldTrump/status/982214297160839173
Twitter: #InvasionOfPrivacy #USA #Trump #QAnon #FridayFeeling
I laughed when China announce their Import tax on Electronics.
MOST of the suppliers of key parts for the iPhone are NOT USA.
https://www.lifewire.com/where-is-the-iphone-made-1999503
So China is not Punishing the USA it is punishing rest of Asia.