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Tue May 14, 2019, 08:13 PM

Consumers Could Be Collateral Damage If US Expands Tariffs

By PAUL WISEMAN and JOYCE M. ROSENBERG
2 hours ago

WASHINGTON (AP) — For many Americans, President Donald Trump’s trade war may soon get very real.

His administration is preparing to extend 25% tariffs to practically all Chinese imports not already hit with duties, including toys, sneakers, shirts, alarm clocks, toasters and coffeemakers. That’s roughly $300 billion worth of products on top of the $250 billion targeted earlier.

“The administration’s decision to announce a tax on every product coming from China puts America’s entire economy at risk,” the Retail Industry Leaders Association said in a statement. “Americans’ entire shopping cart will get more expensive.”

Trump’s tariffs are meant to put pressure on China in trade negotiations. The two countries have held 11 rounds of talks over American allegations that China steals technology, forces foreign companies to hand over trade secrets and unfairly subsidizes its own companies in a push to challenge U.S. technological dominance.

The Office of the U.S. Trade Representative on Monday published a list of 3,805 products that could be hit for the first time with 25% tariffs. The list includes things like tuna, pacifiers, saw blades, flashlights, door chimes, billiard balls and golf carts. It excludes pharmaceuticals and rare-earth minerals used in electronics and batteries.

More...

https://apnews.com/47537353131545e18b2dbcc802291eae

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Reply Consumers Could Be Collateral Damage If US Expands Tariffs (Original post)
RCW2014 May 14 OP
batcat May 14 #1
RCW2014 May 14 #2
batcat May 14 #3
Grumpy Pickle Wednesday #4
bernt-toast Wednesday #7
BigKahunna2.0 Wednesday #9
batcat Wednesday #10
nolidad Wednesday #5
bernt-toast Wednesday #6
Badsamm Wednesday #8
PrescientWon. Wednesday #11

Response to RCW2014 (Original post)

Tue May 14, 2019, 08:21 PM

1. That is true in the short run. ...

Not necessarily in the longer run.

The products China makes can be made in other nations including ours.

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Response to batcat (Reply #1)

Tue May 14, 2019, 08:27 PM

2. Due to the US election cycles, politicians don't have "long runs" to wait things out,

unlike China.

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Response to RCW2014 (Reply #2)

Tue May 14, 2019, 09:06 PM

3. That is definitely a drawback. ...

China might hold out until the next election hoping Trump loses to a politician they can walk all over.

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Response to batcat (Reply #3)

Wed May 15, 2019, 02:06 AM

4. Good point.

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Response to batcat (Reply #3)

Wed May 15, 2019, 11:38 AM

7. that's exactly what they're expecting

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Response to batcat (Reply #3)

Wed May 15, 2019, 04:37 PM

9. Other politicians, like Obama ... play the shot game and just kick the can down the road

Career politicians don’t want to risk loosing votes in the short term.

Trump is not a career politician and he see the long term reward to all of this.

He is risking re-election in order to do right by Americans

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Response to BigKahunna2.0 (Reply #9)

Wed May 15, 2019, 05:42 PM

10. Politicians love kicking cans down the road. ...

Businessmen who pay that game go out of business.

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Response to RCW2014 (Reply #2)

Wed May 15, 2019, 09:37 AM

5. And yet Trump that evil terrible horrible man

is thinking of the long term good of America and willing to tackle the China dragon!

We have let China rape us for decades! Trump is willing to pay the political price of short term pain to bring fairness to ur commercial relationship with China!

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Response to RCW2014 (Original post)

Wed May 15, 2019, 11:37 AM

6. maybe instead of "consumers" we should call people "shoppers"

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Response to RCW2014 (Original post)

Wed May 15, 2019, 11:50 AM

8. Im so scared

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Response to RCW2014 (Original post)

Wed May 15, 2019, 05:42 PM

11. then buy your cheap shit made in Vietnam, South Korea or Indonesia...

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