Jimdamick
Well-Known Member
The war starts Friday when the worlds two largest economies, one capitalist and the other communist, go toe to toe, waiting for the other side too blink first.
The planned measures have already unsettled markets and provoked warnings from companies of damage to their bottom lines and higher prices for consumers.
President Donald Trump and his advisers argue the tariffs are necessary to pressure China into abandoning unfair practices such as stealing intellectual property and forcing American companies to hand over valuable technology.
Beijing denies it's in the wrong and says it's ready to fight a trade war until the end.
"The United States will be opening fire on the whole world and also opening fire on itself," Chinese Commerce Ministry spokesman Gao Feng told reporters on Thursday. He warned that the US tariffs will hurt foreign companies that export goods from China to the United States.
Underpinning the dispute about technology is Trump's anger at America's $375 billion deficit in goods trade with China. But after three rounds of negotiations between the two sides, including a Chinese pledge to significantly increase purchases of American products, Trump decided to go ahead with the tariffs.
The clash with China comes as the Trump administration is also fighting over trade with American allies such as Canada, Mexico and the European Union. US tariffs on steel and aluminum imports have provoked retaliatory measures against billions of dollars of American exports.
The US tariffs on China that take effect Friday target more than 800 different items, including industrial machinery, medical devices and auto parts. Beijing plans to fire back by hitting 545 American products such as SUVs, meat and seafood.
The US measures are expected to take effect first, shortly after midnight ET on Friday. That's around midday in Beijing, and the Chinese government will wait until then to retaliate, as it "will never fire the first shot but will be forced to strike back," Gao said.
So, here we stand alone as a nation, seeing as we've lost ALL our fucking allies (except fucking Israel) about to embark on the road too economic self destruction.
MAGA?
Well, Trump and his supporters better pray hard (lol), because the whole world isn't going too help us anymore, because their probably wishing that we, or rather shall I say Trump fail, and that's very sad indeed.
I just wanted too show yesterday's cover of Trump's home town newspaper.
Pretty accurate, hey?
The planned measures have already unsettled markets and provoked warnings from companies of damage to their bottom lines and higher prices for consumers.
President Donald Trump and his advisers argue the tariffs are necessary to pressure China into abandoning unfair practices such as stealing intellectual property and forcing American companies to hand over valuable technology.
Beijing denies it's in the wrong and says it's ready to fight a trade war until the end.
"The United States will be opening fire on the whole world and also opening fire on itself," Chinese Commerce Ministry spokesman Gao Feng told reporters on Thursday. He warned that the US tariffs will hurt foreign companies that export goods from China to the United States.
Underpinning the dispute about technology is Trump's anger at America's $375 billion deficit in goods trade with China. But after three rounds of negotiations between the two sides, including a Chinese pledge to significantly increase purchases of American products, Trump decided to go ahead with the tariffs.
The clash with China comes as the Trump administration is also fighting over trade with American allies such as Canada, Mexico and the European Union. US tariffs on steel and aluminum imports have provoked retaliatory measures against billions of dollars of American exports.
The US tariffs on China that take effect Friday target more than 800 different items, including industrial machinery, medical devices and auto parts. Beijing plans to fire back by hitting 545 American products such as SUVs, meat and seafood.
The US measures are expected to take effect first, shortly after midnight ET on Friday. That's around midday in Beijing, and the Chinese government will wait until then to retaliate, as it "will never fire the first shot but will be forced to strike back," Gao said.
So, here we stand alone as a nation, seeing as we've lost ALL our fucking allies (except fucking Israel) about to embark on the road too economic self destruction.
MAGA?
Well, Trump and his supporters better pray hard (lol), because the whole world isn't going too help us anymore, because their probably wishing that we, or rather shall I say Trump fail, and that's very sad indeed.
I just wanted too show yesterday's cover of Trump's home town newspaper.
Pretty accurate, hey?
