The Trump administration is preparing to unveil a series of trade actions targeting China and other economic competitors in the coming weeks, including possible tariffs long advocated by the president, Politico reports.
The president is tentatively scheduled to meet with cabinet secretaries and senior advisors as soon as this week to discuss action on trade fights, including those related to steel, solar panels, and intellectual property protection.
Though Trump is “undecided and could come out any number of ways,” one official said, they added it is “very likely” that the president will go ahead with tariffs of some kind. Expressing frustration that his administration has yet to take aggressive steps on trade, Trump has urged advisors to present options which include harsh tariffs on Chinese imports, sources said.
Potential trade action was not limited to China, according to the report.
While taking a harder line on trade was one of Trump’s signature campaign pledges, especially regarding China, the issue has been contentious within his administration. But calls for a moderate approach from advisors such as Gary Cohn appear to have lost sway as aides say the question of whether Trump will take tough trade steps is now focused on exactly how far they should go.
Trump’s State of the Union Address to be given later this month may offer a preview of a more aggressive posture toward China, one official said.
The Chinese economy, buys cheap raw materials, from places like Australia, uses ultra cheap, sweat shop labour, from Chines workers, and dumps these often sub-standard goods, onto the world market. This forces all quality manufacturers, to either get out of manufacturing, or go to Chinese manufacturing in a ‘race to the bottom’.
These sorts of strategies are short lived, short sighted and highly polluting, in so many ways, for the human environment.
The US has been the country most hurt by all this economic and environmental corruption and this has led to a social hiatus for the US economy.
Imposing tariffs is the Communist Party of China’s achille’s heel.
Without trade and lots of it, the dictatorship in China has nothing to offer all those workers, who have toiled relentlessly for their whole lives.
With nothing to offer for all that work, the great Chinese people will get very angry.
Chinese Communism and Chinese Capitalism rely on a huge international trade flow, this is the bottom line and the dictatorship knows this very well and must make compromises to their many customers, to maintain good will.
Good will is the essence of prosperity, not threats, and military build ups.
Considering Trump’s trillion dollar plan to build up our infrastucture I can see why tarrifs would be placed on Chinese Steel. Massive amounts of steel will be consumed in America’s new infrastructural projects and Trump intends that steel to come from local industries.
The production of steel will also boost Caol production which is needed to make seel.
the people who will pay for this ridiculous tariff cabal is the american public and the low end retailers. who work on a very small markup already. such as DOLLAR TREE/DOLLAR GENERAL/FAMILY DOLLAR AND OTHER INDEPENDENT RETAILERS. TYPICAL REPUBLICAN AND DUMB DEMOCRAT ACTION.
You don’t think the F22 and F35 will equally be easy meat for Chinese HQ9B and HQ10 Air Defense missiles? If so,the US hype and propaganda has gotten hold of you as it was designed to.Simply,all missiles kill but maybe with varying kill ratios.China industrial capacity has a volume advantage.