Trump announces new tariffs on Chinese goods amid bitter trade war

Trump announces new tariffs on Chinese goods amid bitter trade war


BE BACK HERE ON MONDAY. HAVE A GREAT WEEKEND. I KNOW I WILL.>>Bret: WELCOME TO WASHINGTON. I’M BRET BAIER. TONIGHT, SERIOUS COUNTER PUNCHING TAKING RIGHT NOW AND WHAT’S BECOME A FULL-FLEDGED TRADE WAR WITH U.S. AND CHINA. WITHIN THE PAST HOUR PRESIDENT TRUMP HAS ANNOUNCED ANOTHER MAJOR TARIFF INCREASE ON MORE THAN A HALF TRILLION DOLLARS OF CHINESE IMPORTS. HE TWEETS, STARTING ON OCTOBER 1ST, THE $250 BILLION OF GOODS AND PRODUCTS FROM CHINA CURRENTLY BEING TAXED AT 25% WILL BE TAXED AT 30%. ADDITIONALLY, THE REMAINING $300 BILLION OF GOODS AND PRODUCTS IN CHINA BEING TAXED FROM SEPTEMBER 1ST AT 10% WILL NOW BE TAXED AT 15% ENDING WITH THANK YOU TO YOUR ATTENTION FOR THIS MATTER. THIS COMES THIS MORNING WORRIED THAT BEIJING HIT THE U.S. WAS $75 BILLION WORTH OF NEW TARIFF TARIFFS. THE PRESIDENT RESPONDED BY URGING AMERICAN FIRMS LEAVE THEM A WORLD’S MOST POPULOUS COUNTRY. THAT EARLIER MESSAGE SENT THE MARKETS REELING. THE DOW PLUMMETING TODAY 623 POINTS. THE S&P 500 LOST 76. THE NASDAQ PLUNGED 240. FOR THE WEEK, THE DOW LOST ONE PERCENTAGE POINT. THE SMP DROP TO 1.5. THE NASDAQ LOST A LITTLE LESS THAN TWO. TODAY’S EVENTS PUT AN EXCLAMATION POINTS TO THE FEDERAL RESERVE’S COMMENTS, THE TRADE SITUATION IS COMPLETING HIS ABILITY TO DEAL WITH ONE OF PRESIDENT TRUMP’S FAVORITE TOPICS, INTEREST RATES. CORRESPONDENT RICH ADS AND STARTS US OFF TONIGHT A BUSY DAY ON THE NORTH LOT OF THE WHITE HOUSE.>>THE PRESIDENT PROMISES TO RESPOND AND HERE IT IS. ANOTHER ESCALATION IN THIS TRADE FIGHT BETWEEN UNITED STATES AND CHINA. THE PRESIDENT SAYS HE MET WITH HIS TRADE ADVISORS TODAY, THE RESULT IS THIS AND THAT MEANS ANNOUNCEMENT AND THE GLOBAL RELATION BETWEEN THE TWO COUNTRIES ONLY GETS DOMINIK COUNTRIES ONLY GETS DOMINIS COUNTRIES ONLY GETS DOMINIT COUNTRIES ONLY GETS DOMINID COUNTRIES ONLY GETS DOMINI TODAY. IF YOU SAW PRESIDENT TRUMP’S TWITTER FEED TODAY, YOU KNOW THE PRESIDENT HAS HAD ENOUGH WITH CHINA. A SERIES OF TWEETS, WE DON’T NEED CHINA AND WOULD BE FAR BETTER OFF WITHOUT THEM. SETTING OFF AN INITIAL MARKET DROP, AND THE PRESIDENT OF THE UNITED STATES. TRUMP SAYS AMERICAN COMPANIES ARE HEREBY ORDERED TO IMMEDIATELY START LOOKING FOR AN ALTERNATIVE TO CHINA AND TRUMP TWEETED IN ORDER THAT ALL CARRIERS INCLUDING FEDEX, AMAZON, UPS, AND THE POST OFFICE COMMIT TO SEARCH FOR AND REFUSE ALL DELIVERIES SENT FROM CHINA OR ANYWHERE ELSE. UPS AND FEDEX RESPONDED SAYING THAT THEY WORK WITH AUTHORITIES AND FOLLOW LAWS AND REGULATIONS TO INTERCEPT ILLEGAL SHIPMENTS. WHITE HOUSE TRADE ADVISOR PETER NAVARRO DEFENDED THE ADMINISTRATION’S STANCE.>>WE KNOW THEY ARE KILLING AMERICANS OFFENSE AND ALL. WE KNOW THEY MANIPULATE THEIR CURRENCY. WHEN AMERICANS UNDERSTAND THAT, WHEN CHINA TRIES TO BULLY US, THAT ONLY STRENGTHENS OUR RESOLVE.>>ADMINISTRATION OFFICIALS DESCRIBED CHINA AS THE UNITED STATES’ MOST SIGNIFICANT CHALLENGE IN ADVERSARY. DESPITE THAT, THE PRESIDENT ASKED, WHO IS OUR BIGGEST ENEMY, JAY POWELL OR CHAIRMAN XI? TRUMP CLAIMS THEY ARE RESTRICTING GROWTH.>>DO NOT PLAY CHECKERS IN HS WORLD BUT CENTRAL BANKING AROUND THE WORLD IS A CHESS MATCH.>>SPEAKING BEFORE A CONFERENCE IN WYOMING, POWELL THREW IT BACK TO THE PRESIDENT, SAYING UNCERTAINTY AROUND TRADE IS PLAYING A ROLE IN THE ECONOMIC SLOW DOWN AND, WHILE MONETARY POLICY IS A POWERFUL TOOL THAT SUPPORTS CONSUMER SPENDING, BUSINESS INVESTMENT, PUBLIC CONFIDENCE, IT CANNOT PROVIDE A SETTLED RULE BOOKED FOR INTERNATIONAL TRADE. EVEN AS THE MARKETS TANKED, THE DOW JONES INDUSTRIAL AVERAGE SPENDING THE DAY HUNDREDS OF POINTS IN A NEGATIVE, THE PRESIDENT KEPT WEEDING EVEN JOKED, THE DOW IS DOWN 573 POINTS, ON THE NEWS THAT REPRESENTATIVE SETH MOULTON, WHOEVER THAT MAY BE, HAS DROPPED OUT OF THE 2020 RACE. THE WHITE HOUSE AND SET TRADE NEGOTIATIONS ARE SCHEDULED TO RESUME NEXT MONTH WITH CHINA. AS FOR THE PRESIDENT ORDERING COMPANIES TO DISENGAGE WITH CHINA, THE WHITE HOUSE HAS OFFERED NO CLARITY ON WHAT AUTHORITY THE PRESIDENT OF THE UNITED STATES HAS TWO COMPELLING

100 Replies to “Trump announces new tariffs on Chinese goods amid bitter trade war

  1. Global predatory capitalism based on banks financializing the economy must fail. We need saving and production. Not low interest rates and financialization. We need to invest in our own economy not move are companies to countries with authoritarian governments low wages no environmental rules. Elites think we can have it all. It is time to wake up.

  2. I thought neo liberal policies would all be balanced out by prices and wages the only question is will America still be a country by the time that happens. I mean deficits and surpluses have no impact on economies unbalanced global trade no affect. We can keep creating credit keep going in debt ere is no problems.

  3. Should have went for the 25% from the start and no delay. But 30% is better. CCP must feel the economic pressure and they will yield.

  4. Wow did you know that AKA Trump's brain connected itself to his skull.. and has begun to create a calcified concrete like substance
    That does not allow him to think rationally on the behalf of the people of the United States of America..
    You got a wonder how often inside the dystopian brain of POTUS 45 his brain stops and just yells out to himself DUHH?????

  5. The heck with the rest of the world. Let's make everything in the US again … at much higher cost (because last I checked, no one wanted to work for $1/hour here). But then those people just making an average living wage can't afford to buy many of these now more expensive goods, driving demand down and putting all these newly minted factory workers in the US out of a job. That's after we rediscover how to make a lot of these goods that have been made out of the country for the last 25 years or more and have to relearn how to do it again. Which will cause quite a few shortages while we ramp up. At those more expensive prices that fewer people can afford.

  6. Do not panic over stock market. The President's economy why is where it is now. It could drop 5000 and still be considerably higher than what it was when he started. The market will rebound as it always has. China on the other hand can only devalue its currency for so long. Eventually China will not be able to deal with the tariffs. This President is doing what should have been done a long time ago.

  7. Businesses shouldn't have to be "compelled" to move out of a foreign country. If it is truly an American business, it should be Proud to conduct its business from within our country and not only support our economy but also support the Americans who need/want jobs.

  8. It is time for Americans to support their president. Anyone else can move to China or the Middle East if they think these governments are better. // from Sweden.

  9. US Steel is laying off 200 workers & have lost 60% of its value in stocks since last year, all results of tariffs. When are these people going to wake up and see trumps con. It is embarrassingly stupid.

  10. China wins every phase of the trade war. At best, the trade war ends worse for the US than before. Unless Trump's cabinet, the Demns or GOP effectively stops Trump's overall madness very soon, the rest of the world will act with full force.

  11. Oh so it is ok and fair for Trump to raise tariff on China, and when China respond to raise tariff then now China is US enemy.

  12. So no talking of the mental breakdown trump is having???? Serisouly, even for fox very low standards regarding the truth… 🤔

  13. Hey POWELL!! Just lower the rates, you jackass!!

    And POTUS DOES have the authority to tell companies to find new suppliers.

  14. What dumb comments. Why do you people assume production would come back to the high-wage U.S.? The tariffs would have to remain for years to justify moving factories, and they wouldn't go to the U.S., they'd shift to other low wage Asian countries.What's the point? In the meantime, U.S. consumers will pay Trump's tariff tax. The U.S. has had good employment. We don't need this. Americans don't want factory jobs making yo-yos, pots and pans and stuff for minimum wage. Chinese toil 10hr/days, 6day/week for $4./hr. and they get the pollution which is not priced into the goods. That's why the plethora of stuff we get from them is so cheap. They've been doing us a favor. You want to pay $300. for an American made toaster? $6,000 for a big screen T.V.? Why? The only economist in the world who thinks Trump's trade war is not insane is Navarro, an outlier kook who Trump cherry picked. Great, single out China for tariffs and make them an enemy. Nobody wanted this trade war except Trump. He's got to go.

  15. It’s about time the USA stood up to the evil that is the Chinese CCP. Even the Hong Kong people protest to keep the CCP at bay.

  16. The problem here is the fact that, Long term Drug use and or substance abuse, damages brain cells…….

    I had a mother and a brother, who were drug addicts……… They believed that they were everyone from George Forman to Kevin Bacon and that together, they made the sizzle, to Bill Clinton and Hillary Rodham and or Monica Lewinski…….. while being Eva Braun and Harry Truman.. Because, they were or are the Bomb……..

    Addiction to narcotics, creates a mentality of 'Winning'……… Mostly it is detachment from reality, combine with delusions, it is all a part of the 'getting high'……… Drugs are their 'magic amulet', protecting them from Evil………. Drugs are what protects Donald Trump, from Prosecution in the Robert Mueller Case… It is what allowed him to fire FBI Director Comey, it is also what allows him to perjure himself, everytime he speaks….

    Seriously though, Narcotics addiction damages the brain…….. without question! Look at this Scientific data or experiment, they call 'Donald Trump', what more do you need to see……… Drugs damage the brain!

  17. The President had already given China a time line and tariffs were scheduled to rise in Sept. China will put tariffs on American exports. Does that include 500 foot long billion gallons of water from Minnesota? I can understand not buying gmo infested farming products.

    The President is on a roll and we love him for it. We may suffer some growing pains but we will be Argentine rich when America is retooled and rebuilt. We can do this! Very very exciting.

  18. Trump is really really smart… This is a three birds with one stone move. 1. teach China a lesson, eventually force them to get in bed with American business 2. Get stocks depressed now to pump them up next year before elections, controlled explosion (a.k.a. fireworks before elections) 3. Look tough (appreciated by his core base)…

  19. Whats the unemployment rate? You can't have it both ways. Oh ya just b/c things are not being made in china doesn't mean they will be made in the US i hope you all are aware that american companies can be owned by foreigners like fox news is owned by rupert murdoch who is australian. Just one example tmobile is a subsidiary of a german company. The chinese own a lot of stuff to trillion in treasury bonds who do you think collect the most of the interest of the national debt. Remember foxconn the company ready to drop billions in wisconsin.

  20. Why does FOX News insist there is a trade "war" between the U.S. and China when there is no such thing?  If FOX News was a sitting Republican in the Congress it would be recognized as a RINO. If FOX News was in Dealey Plaza it would have its spot behind the fence on the grassy knoll.

  21. Typical of hypocrite arrogant white Americunt m'fuckers. Pathetic, despicable, lawless, deceitful, sore loser, cowards, spastic, morons, lowlifes.

  22. Nice 1 Mr President ….this Brit is with you 100%!

    China have had it wayyyyy to good for wayyyyy to long!

    Bring All those jobs back to America!

    God Bless America, … Best country on earth!

  23. This twitter addict president will plunge the world into chaos. He is such a selfish, ignorant and dangerous person… The world deserves a better president in 2020!

  24. I lived and worked in China for two years and it absolutely sickens me to see how much the Chinese lies and steals from the US and other countries. Bring it on, China! US consumers and importers may suffer in the short run, but there are many other countries we can trade with and we must stop China from competing unfairly and stealing our IP!!!

  25. I would hardly call not allowing China to bilk the US out of billions of dollars a year a 'full fledged trade war'. I would call it just good sense. I can just see all the snowflakes that don't understand how this works and what's really being done getting all worried and upset.

  26. I maybe British but I would Love to see Millions and Millions of Jobs come Back to America!

    America for this Brit is the Best country on God's green earth!

    God Bless America, and the Wonderful American people!

  27. China selling the cheap goods and labour. What a joke about stealing from America. China back America up on global expansion.

  28. Fox doing its best imitation of MSNBC. Bret Baier is either Rachel Madcow or comrade crazy Chris Matthews. Who cares about the stock market? They're as reliable as a New England forecast on a late August day. Greedy and frightened. Powell continues with that traditional arrogance usual to Fed chairmen. He's as steady as a Republican appointed Chief Justice. Funny, he doesn't look Chinese.

  29. I've been a die-hard republican all my life but come on y'all it's time to admit our president is mentally ill. This is not a good thing for America!

  30. Powell has to increase rates because under Obama they kept them at 0 and for too long. But he raised them too often. Perhaps hes a no Trumper.

  31. Each American company that doesn't comply with Trumps order to stop do business with China will be considered a national threat to the USA! Do or die!

  32. It is good to take China down! As an overseas Chinese living in Asia, let me say many of us are very uncomfortable with China's tentacles trying to strangle n swallow up East Asia.

  33. Trump should add 5% more percent each week until a new iron clad deal is made with China. China will either beg for the deal or see a mass exodus of American companies leave China, which is far better for the U.S. anyway.

  34. Flooding the country with Fentanyol, China have an Agenda, it's not good, Greedy Cunts, it's time the tables turned. And with Trump in office he's showing POWER. Respect to Mr Trump

  35. I know what hes doing we are the customers we should be calling the shots not the other way around also I predict that the Fed Reserve and the stock market will be working against the Pres before the election in hopes to get a socialist elected (that is there only hope they think) A big trade war with China would mean a huge return of manufacturing in this country I just hope the regular citizens see this You will always have my vote Its obvious that you are the first president in a long time looking out for us

  36. China really stepped in it this time. Trump just slapped their face and if they don't start behaving he will kick them in the balls.

  37. He's ordering US companies to stop trading with China ??? When did corporate America ever obey a president LOL Donny you are not ruling N Korea

  38. Trump doesnt know what he is doing and will tank the US economy.
    Unfortunately I have my savings in S&P tracker funds, so that sucks..
    I know this is a trump safe space, only positive pro president propaganda permitted here, but maybe elect an independent next time? Someone less of a partisan idiot please..

  39. I believe the Fed Chairman turned on us is part of the Deep State even though Trump hired him Remember that a trade war with China may bring a slow down in business before the election but reverse much of the job robbing issues that NAFTA and other unfair trade agreements have created

  40. What would the President use to compel companies back to the US? TAXES! The same tool used to move them out of the US. That was a dumb question. I thought only CNN reporters were that dumb!

  41. Tariffs at 30% and growing will now convinced companies to move to vietnam, myanmar, cambodia, philipinnes. This is china’s new nightmare! How much lower must china devaluate it yuan currency to offset?🥶

  42. Will this additional 5% tariff bring the Chinese to their knees? Dow is down 1%. Is America winning or losing the "easy to win" trade war?

  43. DEALER: 7… 16… 21… Dealer has 21… Sir has 15…
    TRUMP: Hit me!
    DEALER: 15… 21… Congratulations Sir…
    TRUMP: Ht me!
    DEALER: Sir, you have 21…
    TRUMP: Hit me…

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