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Trump’s Trade War: It’s About Politics Claims China

Twenty days into Donald Trump’s opening salvo of tariffs against China, and trade tensions show no sign of easing. News from America suggests that Trump is about to introduce subsidies to farmers – key supporters of the current US administration and congressional Republican majority – to counteract the effects of China’s response. And tensions are also continuing between the US and trading partners Canada, Mexico, and the European Union. Though the US and EU are currently talking and are said to have backed away from further escalation, there are no details about the substance of any agreement.

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Trump's Trade War: It's About Politics

Transcript

I'm doing this to do the right thing for our country. We have been ripped off by Joliffe alongside US President Donald Trump said he is ready to impose tariffs on 500 billionU.S. dollars worth of Chinese goods to theU.S. almost the entire value of Chinese exports to the country. TheU.S. has already imposed tariffs on 34 billion dollars worth of Chinese goods with another 200 billion being looked at. China has retaliated with 34 billion dollars worth of its own tariffs. How will this affect theU.S. and Chinese economies and how well prepared is China a potential long term trade war with the U.S. Threats and intimidation on trade will not work on China. We have the confidence and capabilities to protect the interests of our people.

Meanwhile as the Chinese yen has been weakening against the dollar for some time Trump has rebuked the Federal Reserve raising interest rates saying that both China and the EU are using currency policies to beat the U.S. Tensions are also continuing between theU.S. and other trading partners such as Canada Mexico and the European Union fueling speculation that a global trade could go on for a long period of time. Will that cause further consequences throughout the world as producers of soybeans pork and more taxes jump on Tuesday unveiled a plan to provide 12 billion dollars to helpU.S. farmers caught in across the trade. But it turns out the proposal was not the plan. The farmers want trade. So how effective Trump's rhetoric he support his and what's likely to happen in midterm elections.

Nate 20 days into dollar terms the opening salvo of tariffs against China and trade tensions that showed no sign of easing. News from America suggests that China is about to introduce subsidies to Obama's key supporters of the currentU.S. administration and congressional Republican majority to counteract the effects of China's false and taxes are also continuing between theU.S. and trading partners Canada Mexico and the European Union. Though theU.S. and the EU are currently talking and are said to have backed away from further escalation there has been no detail about the substance of any agreement to discuss these issues nor am I happy to be joined in the studio by Charles Liu founder and chairman of the capital and Andy mogę founder and managing director of Red Pagoda resources. We shall also speak via satellite to Peter Schiff CEO and chief global strategist of Euro Pacific Capital in Puerto Rico. That's a hot topic. This is dialogue right. Gentlemen President Tom Cote says farmers in the days will be the biggest beneficiaries.

He may be talking about is there's a trade deal made before the trade deal means top dollar in dollars and subsidies but that's a one shot deal. People are not very happy. I mean why Chantilly. He's talking about a new trade arrangement can be made between China and the United States that potentially could mean even more agricultural products sold to China. China is now because the levies of the counterterrorists against theU.S. is buying more from Australia from Brazil from Argentina and elsewhere particle opposes. So in the long term apparently he thinks that there will be a deal made and he will be.