August 2019

China Hits the United States With New Tariffs

This September, $75 billion worth  of American items will see  5 or 10% tariffs. Nearly 5,100 products, including coffee and seafood, will be affected. It is the latest move in the  ongoing trade war between  the two economic powerhouses. Juts days ago, China warned it would retaliate after President Trump's administration said it will put tariffs on $300 billion of its own goods. Half of those planned tariffs have  since been postponed  until December. Trump has already responded to China's  new tariffs, saying American companies  should stop working with the foreign nation. We don't need China and, frankly, would be far better off without them. Our great American companies are hereby ordered to immediately start looking for an alternative to China, President Trump, via Twitter. Besides the tariffs, Trump has also continued to be irked by the Federal Reserve's refusal  to cut interest rates. At one point, he even tweeted if its  Chairman, Jerome Powell, or  Chinese president Xi Jinping  was a bigger "enemy.". My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?, President Trump, via Twitter