china is unfair and it s no longer sustainable. he s targeting technology that china has said they ll dominate. there will be a 25% tariff on 1100 categories. this is industrial significant technology so focused on aerospace equipment, tech, manufacturing, medical supplies. u.s. companies will pay that tariff to the u.s. government when they import the goods. they can either absorb the higher cost or pass it along to consumers. quick reaction from the chinese commerce ministry, they said the u.s. kept changing its mind and has now begun a trade war. they re right on the on and off. the tariff tiff has been on and off. multiple rounds of trade talks with china, a cease-fire remember in may. then the recent summit with north korea, many thought that was a big win for china. but today, $50 billion in tariffs anyway. the chinese vow retaliation. the white house vows more tariffs if china targets egg or
i m a small business, but i have. big dreams. and big plans. so how do i make the efforts of 8 employees. feel like 50? how can i share new plans virtually? how can i download an e-file? virtual tours? zip-file? really big files? in seconds, not minutes. just like that. like everything. the answer is simple. i ll do what i ve always done. dream more, dream faster, and above all. now, i ll dream gig. now more businesses, in more places, can afford to dream gig. comcast, building america s largest gig-speed network. president trump approving tariffs on $50 billion worth of chinese goods. the u.s. is targeting hundreds of items like aerospace equipment, tech, manufacturing, medical supplies. china is promising to respond in
the u.s. detailing its own tariffs on $50 billion in chinese goods. also strategic. of the top ten soybean-producing states, eight voted for president trump in 2016. this back and forth between china and the u.s. hitting wall street. dow futures down more than 400 points. investors worry this could spark a trade war, a devastating event for u.s. consumers and companies. the white house is targeting 1,300 chinese items. aerospace equipment, tech, and manufacturing. it also contains some unexpected products like flame throwers and medical supplies and excludes many popular retail items like shoes, clothes, furniture. products that would prompt the biggest consumer backlash should prices rise. these tariffs are punishment, of course, for china allegedly stealing trade secrets but also fulfill a campaign promise of president trump. we intend to get along with china, but we have to do something substantial about the
escalating trade tensions with the world s two largest economies. the sous sources say the presi gave the green light after speaking with the trade secretary and commerce secretary. the u.s. is targeting 1,300 e items. aerospace equipment and tech and manufacturing and medical supplies. it is moving head despite trade talk was beijing. this is talks with beijing. trump s previous economic adviser contradicts his former boss on trade deficits. i always said a trade deficit doesn t martter. in some respects, it helps our economy.
including the treasury secretary and u.s. trade rep. tariffs mean when u.s. companies import chinese goods, they have to pay the government. the u.s. is targeting 1,300 items. aerospace equipment and tech and medical supplies. the white house is moving ahead despite multiple rounds of trade talk was beijing. the summit with talks with beijing. the recent summit is looking at items from canada and mexico. this fulfills trump s goal of cutting the trade deficit with china. his previous economic adviser gary cohen stated this. in many respects it is helpful to our economy. if we could manufacture something in the united states cheaper or better than we could import it, we would do that.