“China is forced to take countermeasures,” said a ministry statement. It said retaliatory duties of between 5 and 25 per cent will be imposed on 5207 products “if the US side persists in putting its tariff measures into effect.”
Kind of expected I guess. Not sure why we think we can just start slapping countries around and expect them to roll over.
Here’s what Trump should do. Call them. Talk. Work out some agreement where both sides can save face. I’d say most of us here do that kind of thing in business every week/month.
No what it should do is adapt to what it does best and has surpluses in and grow those sectors.
Work on better security for intellectual property.
Work on providing a better product than your competitors at a reasonable price.
And make up your minds on what you want to do about the dollar. When Obama was in and quantitative easing was being done the know nothings were listening to someone like Sarah Palin go on about the weak dollar was going to hurt Americans ability to consume. But what she did not talk about or any of the know nothings post here about was how a weaker dollar brings the price of exports down.
You know what is funny. The same people that support tariffs in some failed notion that it will make America competitive. Rail against the idea of a single payer system which would lower health care costs for employers and make America competitive with the rest of the world whose businesses have lower costs due single payer.