China hits back at Donald Trump with 84% retaliatory tariff on US goods

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1. SS: Amid the ongoing trade war between the United States and China, Beijing on Wednesday hit back at Donald Trump’s 104 per cent tariffs with its own additional tariffs of 84 per cent, up from the previous 34 per cent, on all American goods.

   The Chinese finance ministry said that these additional tariffs will be imposed on goods from the US from April 10, news agency Reuters reported. Beijing had previously announced a retaliatory tariff of 34 per cent on American goods.

   China’s commerce ministry also announced that it has added 12 US entities to its export control list, while including 6 American entities to its “unreliable entity” list.

   Soon after the announcement, the US stock index futures also reportedly took a sharp dive.

2. soybean farmer – major Trump supporters – no longer have faces

3. The CCP end up holding the tariff bag as trump announces 90 day pause on everyone else, as expected. Loss of access to the US market will result in a viable alternative supply chain to develop and mature so the CCP can’t hold the world ransom for particular goods, resulting in loss of economy of scale, causing higher production goods, making CCP goods uncompetitive, locked in a death spiral that gets woesen as the likes of EU, India, Japan etc… source from that alternative chain for geopolitical reason to avoid the high price of cheap goods that can be sourced elsewhere.

   Now the CCP can go be an unrepentant economic scammer, liar, and thief against someone else. The US is finally having the heart to flick it off its attempt to latch onto the US as a strategy to decrease its dependency on the US while increasing the US’s onto it.

4. Why do they hate Krasnov so much?

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