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Politics : Politics - Left, Right and Center

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From: Incitatus	9/16/2018 12:14:53 PM
	of 133

TRADE WARS – “Trump to Announce New Tariffs on $200 Billion in Chinese Imports,” by WSJ’s Bob Davis and Jake Schlesinger: “The Trump administration plans to announce within days new tariffs on as much as $200 billion in Chinese goods, further pressuring Beijing before high-level, U.S.-China talks set for later this month, say people familiar with the matter. “President Trump’s decision—to go into effect within weeks—is designed to give the U.S. more leverage in discussions with China over allegations that Beijing coerces American firms into handing over valuable technology to Chinese partners. But the decision’s timing risks deepening the already bitter trade fight by starting another tit-for-tat round of tariffs. “The administration plans to start with tariffs of around 10% on as much as $200 billion of goods, below the 25% level announced in early August. The level was lowered following extensive public hearings and the submission of written comments where importers and others complained of the possible impact of the duties—and to try to reduce the bite on American consumers ahead of the year-end holiday shopping season, these people said.” WSJ

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