CNN The US just raised tariffs on Chinese goods. China says it will hit back

[Botany]

Last edited Fri May 10, 2019, 10:30 AM - Edit history (1)

https://www.cnn.com/2019/05/10/business/china-us-tariffs-trade/index.html

Hong Kong (CNN Business)The United States has escalated its trade war with China, hiking tariffs on $200 billion worth of Chinese exports hours after trade talks held in Washington failed to produce a breakthrough.

Tariffs on the targeted exports increased from 10% to 25% at 12:01 a.m. ET on Friday, prompting a swift rebuke from Beijing.

The Chinese government expressed "deep regret over the development" and pledged to take "necessary countermeasures."

"We hope the United States will meet us halfway, and work with us to resolve existing issues through cooperation and consultation," China's Ministry of Commerce said in a statement. The ministry did not give specifics on how it would respond.

******
Watch the market fall today and to all those midwestern soy bean farmers who voted for Trump, fuck 'em.

****
Dow Jones @ 10:30 AM
-212.40 / -0.82%
Today’s Change
21,713

[watoos]

1. Trump is way ahead of you,

Taxpayers are going to give the soy bean farmers another bail out. Oh wait, it's supposed to come from the extra money we get from tariffs.

[dalton99a]

3. The "extra" money comes from consumers

Fuck that con man

[Iliyah]

2. Well that is gonna hurt . .

That is the American people.

[Yo_Mama_Been_Loggin]

4. Kick