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Sat Aug 12, 2017, 03:31 PM

Trump Warns Xi: Trade War With China Begins Monday

As if there weren't enough geopolitical stress points in the world to fill a lifetime of "sleepy, vacationy" Augusts, late on Friday night President Trump spoke to Chinese President Xi Jinping and told him that he's preparing to order an investigation into Chinese trade practices next week, according to NBC. Politico confirms that Trump is ready to launch a new trade crackdown on China next week, citing an administration official, a step that Trump delayed two weeks ago under the guidance of his new Chief of Staff Gen. Kelly, but now appears imminent. It is also an escalation which most analysts agree will launch a trade war between Washington and Beijing.

As Politico details, Trump on Monday will call for an investigation into China over allegations that the nation violated U.S. intellectual property rights and forced technology transfers, the official said. While it's unclear how much detail Trump will get into in the announcement, administration officials expect U.S. Trade Representative Robert Lighthizer to open an investigation against China under Section 301 of the Trade Act of 1974. The ordering of the investigation will not immediately impose sanctions but could lead to steep tariffs on Chinese goods. Trump has expressed frustration in recent months over what he sees as China's unfair trade policies.

As we discussed two weeks ago, Trump had planned to launch the trade investigation more than a week ago, but he delayed the move in favor of securing China's support for expanded U.N. sanctions against North Korea, the senior administration official said.

http://www.zerohedge.com/news/2017-08-12/trump-warns-xi-trade-war-china-begins-monday

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Reply Trump Warns Xi: Trade War With China Begins Monday (Original post)
Let it go Saturday OP
brantleydavis Saturday #1
Let it go Saturday #2
Argentina Saturday #3
Let it go Saturday #4

Response to Let it go (Original post)

Sat Aug 12, 2017, 03:51 PM

1. Well....

It will be interesting to see how the financial markets react to this. If it goes well for the US, we will see a ton of money invested into our economy and stocks.

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Response to brantleydavis (Reply #1)

Sat Aug 12, 2017, 03:52 PM

2. Apple needs to move back to US asap.

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Response to Let it go (Reply #2)

Sat Aug 12, 2017, 04:00 PM

3. So do other US companies that have moved outside the US.

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Response to Argentina (Reply #3)

Sat Aug 12, 2017, 04:02 PM

4. Yup.

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