Trump Says Trade Talks Still on Track After Tariff Hike Announcement, China Drops Atom Bomb Instead
China had warned the soy-for-Huawei truce was only good in the absence of new escalations
Trump announced last Friday on Twitter that he expects to be able to simultanously keep talking to China and raise barriers for US importers from China:
Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal. We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing.
More recently, China agreed to buy agricultural product from the U.S. in large quantities, but did not do so. Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States – this never happened, and many Americans continue to die!
Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country. This does not include the 250 Billion Dollars already Tariffed at 25%.
We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!
Instead of accepting to keep talking while Trump escalates the war the Chinese, who were very clear that the soy-for-Huawei truce was only good if the US refrained from adding to tariffs, hit back instead:
China confirmed reports that it was pulling out of U.S. agriculture as a weapon in the ongoing trade war.
A spokesperson for the Chinese Ministry of Commerce said Chinese companies have stopped purchasing U.S. agricultural products in response to President Trump’s new 10% tariffs on $300 billion of Chinese goods.
“This is a serious violation of the meeting between the heads of state of China and the United States,” the Minister of Commerce said in a statement Monday that was translated via Google.
The pro-trade war Micheal Snyder thinks this is going to sting big time:
This is essentially a trade war equivalent of a nuclear bomb.
If the Chinese would have slapped U.S. agricultural products with tariffs, that would have been a proportional response. But to quit buying them entirely is an unprecedented escalation in a trade war that is really starting to spiral out of control.
And it is also clearly a political attack on President Trump. The Chinese know that Trump is highly popular in rural areas, and this ban on U.S. agricultural products is going to severely hurt farmers in rural areas all across the United States.
U.S. voters tend to be more influenced by their bank accounts than by anything else, and so this is a smart strategic move by the Chinese if they would like to see a Democrat get elected in 2020.
In 2017, the Chinese bought 19.5 billion dollars worth of U.S. agricultural products, and that number dropped to just 9.1 billion dollars in 2018.
Now that number is going to zero, and according to Farm Bureau Federation President Zippy Duvall this latest move by China is going to be “a body blow to thousands of farmers and ranchers who are already struggling to get by.”
Please say a prayer for our farmers, because they really need it.
Say a prayer for our farmers?? What good will that do when there is a US president who has continued to put tariffs on China not expecting China to come back with a total refusal to purchase agricultural products from the US? The US, in its haste to kill China’s economy by using sanctions and tariffs has shot itself in the foot…and now will pay dearly for that huge lack of negotiations Prior to doing anything foolish like that.
NOW watch the stock market go down!
The agri business is not coming back. Already China expanded its soy planting hectares size. Russia also offer its vast land for China to plant.
Trumps have make US lost the world largest China market perpetually. In both agriculture, and also every US technology parts. China companies are rushing to pull out everything US related parts now.
US farmers are filing bankruptcy. Warehouses are filled with unsold grains. Storage cost & capital goods loan are eating away Trump’s subsidy day by day while million acres land lay wasted.
US wanted to use food export as a wartime threat to China, but ended now its Achilles heel. Because wise up China only uses US grains for animals protein feeds. Gov have already reduce its official feed proteins composite level to offset. Smart move.
To be honest, all nations needs to stop buying American agricultural imports, which are infested with GMOs.
America’s agricultural industry is a Frankenfood industry.
A better source of agricultural imports would be Russia, which has banned GMOs and will supplant America in terms of the export of products like wheat.
“Please say a prayer for our farmers, because they really need it.”
No, American farmers voted for Trump and are now reaping the political whirlwind.
Put your big boy pants on and take responsibility for your actions.
Throwing a Pity Party for yourself and expecting others to feel sorry for you is pathetic.
You reap what you sow, America.
When America wage wars–whether that be economic or military–it shouldn’t play the Victim Card when other countries fight back and put these wars back down its throat.
I would never, ever, have bought American food, but be careful, I recently read a report that it was discovered that banned GM apples from America were being re-packaged ..in French, to surreptitiously reach the EU market. Myself and my family have consciously made the decision, because of their warmongering and genocide, never to purchase any products from either Israel or America.
As many of us have done! Good for those who make that wise decision!
We don’t know what is gmo because of their false labelling…but if it is certified organic, it is also non gmo, so be sure to look for the labels!
Tariffs are a tax on peoples, not “governments”.
In other words, Struggling American workers, will pay more for most things they use in their daily lives.
The USA ‘government”, will take the tariff money from the American worker, spend it on over priced war toys, to slaughter innoncent folks in foreign lands with, or give the money to Israhell, as “aid”.
And Trump is an Israhell Firster idiot who has bankrupted many businesses.
China knew its Trumps way of taxing poor Americans, since no Chinese companies is paying the tariffs. Only US importers passing the cost.
But it can’t let Trumps has his way, else more rubbish will come. This is Chinese way of poking at acupuncture point – Trumps’ largest vote bank.
The lack of intellect and political shrewdness in the US administration never ceases to amaze me, where do they get their acumen and reasoning from ? Did they honestly think that China, a country with thousands of years of experience, would acquiesce to America’s ludicrous, bullying tactics. The more I watch America’s displays of childlike, infantile behaviour, the more I realise that their days are numbered,not in years, but in months.
They thought their military was invincible but have discovered quite recently, (March 2018) that their military does not have the ability to match the Russian military. Indeed, the Chinese have improved so much that it is possible that they are superior to the US. For instance, a cyber attack on the aircraft carriers would leave them a lump of floating steel, unable to steer or defend itself. Wow. What a prospect?
Here again is the highlighting of the poor educational system in the US!!
The people running the show in Washington have absolutely no idea what they are really doing…and are slowly (or quickly?) killing their chances of survival as a member of the world economy…
Nice summary.
A brilliant move by China.
Straight to the heart of the matter so far as politics are concerned, and politics do really count with Trump. After all, that’s what MAGA is all about, gut politics, not economics or any kind of rational analysis. And certainly not diplomacy.
“Trump announced last Friday on Twitter that he expects to be able to simultaneously keep talking to China and raise barriers for US importers from China”
I saw that mentioned somewhere, and just I wondered how could that possibly be?
It’s astounding that an American President, one who has started an immense and completely avoidable trade war from scratch, could think that way.
But there you have it, evidence of a truly ignorant and seriously twisted mind holding America’s highest office.
I would think China has other “surprises” lined up already – they are cautious and strategic in their thinking, as opposed to Trump’s imbecilic tantrums and impulses – if there is no change in direction coming from Washington, Rare earths?
But I keep reminding people, it’s not just Trump. His is the loudest, rudest, and most belligerent voice, but the entire panoply of stupidities coming from Washington do not come just from Trump.
Most of his rash acts and impulses are supported by America’s power establishment, which of course includes Democrats as well as Republicans. When it comes to empire and force, they are all on board.
Readers might enjoy this just-published analysis about expectations for the future of Chinese-Russian-American relations:
https://chuckmanwordsincomments.wordpress.com/2019/08/06/john-chuckman-comment-china-russia-and-the-united-states-in-the-21st-century-some-difficult-and-dangerous-times-ahead-as-the-world-now-rapidly-evolves-in-ways-america-rejects/
Does Trump/America believe that China would NEVER dump their $1.2 trillion in American bonds, American debt, that they hold, as a last resort….that would probably crash the world economy, but it would certainly bankrupt America
We’re ready if China is! Let’s see how it plays with the top 2% of the US wealthiest people! They will learn very quickly that they are not BOSS! They are all losers because their bluff has been called by a country much more intelligent than theirs…and with more gold behind it!