Sunday, July 08, 2018

US Tariffs - China Countermeasures

Latest News on China Tariffs - July 11

Please Note: Bloomberg videos can only be viewed under Youtube (use the link)

The Sydney Morning Herald on July 11, 2018:
'Reckless': Trump escalates trade war with another $US200b in Chinese tariffs

The Trump administration pushed ahead with plans to impose tariffs on further $US200 billion in Chinese products by releasing a list of targets, marking a sharp escalation in a trade war between the world's two largest economies.

Comment from the Australian Financial Review on July 11, 2018:
The leader of the world's most powerful country is a dangerous ignoramus. So how should the rest of the world respond? What makes this so difficult to answer is that Donald Trump has created chaos. It is so difficult to negotiate with him because nobody knows what he and his team want. This is just not normal.

[Notification from China's Ministry of Finance on July 8, 2018]

That's what the Chinese might be thinking .....

Chinese music video " Cold War No.2 " 電影寒戰2

One of Donald Trump's most recent tweets composed on July 9, 2018, is intended to reassure us
that he was really elected president against all odds. The video included is a summary of opinions
denying he might have any chance in the elections and shows how surprised his enemies were
when the ultimate catastrophe happened.

However it doesn't need to convince the world of his "real" presidency. We already accepted that
Trump was elected by Homer Simpson and the people of Springfield. And there lies the problem !


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