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The United States will impose a 104% tariff on China from 12:01am ET (12:01pm China Standard Time) on Wednesday, a White House official said after Beijing did not lift its retaliatory tariffs on US goods by a noon Tuesday deadline set by Donald Trump.
© 2015 Mutual Fund Observer. All rights reserved.
© 2015 Mutual Fund Observer. All rights reserved. Powered by Vanilla
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This did not come to fruition.
China has often flouted WTO rules to their advantage.
The country promoted its exports but largely closed its own market to foreign goods.
There were forced technology transfers to steal technological knowledge from foreign companies
operating within China. State subsidies were provided for Chinese industries and certain Chinese goods
were subsequently "dumped" in other countries.
I would support a thoughtful plan to inflict maximum pain upon China (not the entire world)
while minimizing the impact to the US.
Unfortunately, I have not seen such a plan and am skeptical the current administration can devise one.
This did not come to fruition.
Admitting China into the WTO helped to elect Donald Trump in our country.
This did come to fruition.
Admitting China into the WTO decreased democracy in this country.