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Weekend in france. Responding to a retaliatory move by china earlier today, the president tonight declared hes hiking tariffs on beijing, raising existing rates as well as those set to kick in next month. It comes after china announced this morning theyre imposing a new round of tariffs on 75 billion worth of american goods. The news was met with outrage at the white house where the president took to twitter and attempted to order all American Companies to cut their ties with china. All American Companies. No more trade with china. Of course, thats ridiculous. Trump tweeted we dont need china and frankly we would be better off without them. Our great American Companies are hereby orders to immediately start looking for an alternative to china including bringing your Companies Home and making your products in the usa. Thats the president this morning trumpeting powers he doesnt posz. However, the Washington Post points out the white house does not have the authority to force companies t
New-yorkUnited-statesJapanTokyoGreenlandTexasIranPhiladelphiaPennsylvaniaWashingtonBrazilFloridaBillion worth of american goods. The news was met with outrage at the white house where the president took to twitter and attempted to order all American Companies to cut their ties with china. All American Companies. No more trade with china. Of course, thats ridiculous. Trump tweeted we dont need china and frankly we would be better off without them. Our great American Companies are hereby ordered to immediately start looking for an alternative to china, including bringing your Companies Home and making your products in the usa. Thats the president this morning trumpeting powers he doesnt possess. However, the Washington Post points out the white house does not have the authority to force companies to follow such directives as that. According to the census bureau, the United States has 380 billion trade deficit with china in 2018. A deficit that appears to be increasing this year. Look at those numbers. Trumps tweeting ignited a rapid selloff off wall street. The dow that had been in
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