China counters with tariffs on US products. It will also investigate Google | AP News
By: AP News
The irresponsible asshole in chief created this and other problems and we are only two weeks in.
Now it is our nation that is seen as the bad guys. Brilliant choice Trump supporters.
S E E D E D C O N T E N T
BEIJING (AP) — China's Ministry of Commerce announced Tuesday it was implementing counter tariffs against the U.S. on multiple products, while announcing other trade-related measures, including an investigation into Google.
The government said it would implement 15% tariff on coal and liquified natural gas products, as well as a 10% tariff on crude oil, agricultural machinery, large-displacement cars.
"The US's unilateral tariff increase seriously violates the rules of the World Trade Organization," the statement said. "It is not only unhelpful in solving its own problems, but also damages normal economic and trade cooperation between China and the US."
The 10% tariff that President Donald Trump ordered on China was set to go into effect Tuesday, though Trump planned to talk with Chinese President Xi Jinping in the next few days.
China's State Administration for Market Regulation on Tuesday said it is investigating Google on suspicion of violating antitrust laws. While the announcement did not specifically mention any tariffs, the announcement came just minutes after Trump's 10% tariffs were to take effect.
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Unforced error. The people of the USA and China pay for it. The world watches to see what this tyrant is going to do next.
One that even the WSJ has decried. The idiot and savant have fully parted ways.
From a very good historical paper on China and the Opium Wars that helps one understand China's geo-political actions and reactions:
The lesson that Chinese students learn today about the Opium Wars is that China should never again let itself become weak, ‘backward,’ and vulnerable to other countries. As one British historian says, “If you talk to many Chinese about the Opium War, a phrase you will quickly hear is ‘luo hou jiu yao ai da,’ which literally means that if you are backward, you will take a beating."