Trump Threatens `Retaliation' If China Targets U.S. Farmers

September 18, 2018 08:13 AM
 
President Donald Trump threatened to retaliate if China targets politically potent U.S. agricultural products for counter-tariffs, following an escalation in his trade war with Beijing.

(Bloomberg) -- President Donald Trump threatened to retaliate if China targets politically potent U.S. agricultural products for counter-tariffs, following an escalation in his trade war with Beijing.

Trump ordered his administration to levy 10 percent tariffs on about $200 billion in Chinese goods next week and to more than double the rate in January if Beijing refuses to offer trade concessions. The Chinese said they would retaliate for the latest round of duties, which come on top of a 25 percent tariff already imposed on about $50 billion in Chinese goods.

The president responded in a pair of tweets on Tuesday that recognized the potential political harm to him and his party if China targets American agriculture.

 

 

 

 

The 10 percent U.S. tariff will take effect on Sept. 24, and an escalation to 25 percent in January was delayed in order to give U.S. companies an opportunity to adjust their supply chains, two senior administration officials said in a briefing for reporters on Monday. Trump has demanded that the Chinese take steps to narrow the country’s trade surplus with the U.S. and also cease trade practices that he maintains have forced American companies to surrender technology if they want access to China’s markets.

 

©2018 Bloomberg L.P.

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Comments

 
Spell Check

tromp hater
Scobey , MT
9/18/2018 10:34 AM
 

  Will the idiot in the White House ever realize that he is the enemy of US ag, not our export customers. But more importantly, will below average intelligence ag producers realize that?

 
 
tromp hater
Scobey, MT
9/21/2018 10:08 AM
 

  Indiana Dave, thank you for proving my point.

 
 
Douglas Street
Newton, KS
9/18/2018 12:13 PM
 

  Using food as a weapon or bargaining chip, is a really bad idea, putting a bullseye on the backs of food producers and now 'He' vows retaliation?

 
 
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