At 12:01 a.m. ET on Friday tariffs were raise to 25 percent from 10 percent on 200 billion dollars worth of good from China.
China responding within minutes saying “We hope the United States will meet us halfway, and work with us to resolve existing issues through cooperation and consultation.”
Now think about that for moment. They wanted us to compromise with and meet them halfway on what? Stealing our technology and other intellectual property? Currency manipulation?
Isn’t that like compromising with a thief, or a robber that stealing/robbing you?
Now those business that relied on China will howl, but keep in mind they had months to plan on new supply line…months, hall a year now. So don’t buy into their BS.
Also Trump administration needs to slap on that 25 percent on those remaining $325 billion worth of Chinese goods that not taxed.