And the War Goes On... Frump Readies Another $200 Billion in Tariffs!

[Truman62]

https://www.cnn.com/2018/07/10/politics/ustr-new-china-tariffs-trump/index.html

The Trump administration is readying another round of tariffs on Chinese goods worth $200 billion,
ramping up the US-China trade war.

Trade Representative Robert Lighthizer on Tuesday released a list of additional goods that could face
10% tariffs after a public comment period. It includes seafood, fruit and vegetables, yarn, wool, rain
jackets and baseball gloves.

The move comes after the United States imposed 25% tariffs on Chinese goods worth $34 billion last
Friday. Beijing immediately responded with its own tariffs on US goods worth $34 billion.

Senior Trump administration officials said on a call with reporters Tuesday that so far, the two sides
haven't gotten anywhere.

"They continue to insist the problems we've identified are not real problems," a senior administration
official said.


Frump is such a doofus.

[chuck_curtis]

Trump has def pulled the pin on a hand-gernade.   I guess well just have to see how it plays out.  One thing we know is that China has a lot more to lose, and has been losing a lot more.