Topic
Politics US China

Trump doubles tariffs on China

5m

U.S. President Donald Trump announced 100% tariffs on Chinese imports by Nov. 1 after Beijing restricted rare‑earth exports, prompting China to accuse the U.S. of double standards.

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justinwolfers.bsky.social
There's a decent chance that the Supremes will strike down Trump’s extra special brand new 100% China tariff, as unconstitutional. And so it's doubly notable how much markets panicked, given the (roughly) 50% chance it won’t happen. The market drop understates the damage Trump's trying to inflict.
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El Pais
China's Restrictions on Rare Earths Bring the Trump Trade War Back to Square One

The U.S. president responded to the move with a threat of additional 100% tariffs. Beijing says the impact of its measures is 'limited' and warns that it does not fear a trade clash

China's Restrictions on Rare Earths Bring the Trump Trade War Back to Square One
Reposts 2 4h
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justinwolfers.bsky.social
Trade war update (Taylor's version)
justinwolfers.bsky.social
The White House says negotiations with China are/aren't happening, that they do/don't expect to cut/raise tariffs soon/in a bit/never, and they intend to play hardball/softball with China. Trump and Xi have/haven't spoken, and they do/don't expect a breakthrough sooner/later.

Reposted by Lars P. Feld

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Reposted by Dean Baker

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anandmenon.bsky.social
To date, Starmer has been hugely effective at reconciling closer links with China, 'reset' with the EU and a good relationship with Trump. That balancing act is only going to get harder. www.thetimes.com/uk/politics/...
White House warns UK over China spy case fiasco
America says intelligence sharing could be damaged by Britain’s failure to prosecute alleged Chinese collaborators
www.thetimes.com
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Reposted by Brigid Laffan

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elerianm.bsky.social
With the spotlight back on US tariff policy after yesterday’s announcement of a 100% additional levy on China as of November (if not earlier), these two charts from the Wall Street Journal may be of interest.
The first highlights the substantial increase in monthly revenue collected from tariffs....

Reposted by Steve Keen

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Reposted by C. Christine Fair

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