China slaps tariffs on $75 billion of US products

China slaps tariffs on $75 billion of US products


>>Sandra: BREAKING NEWS IN THE TRADE WAR WITH CHINA, LEARNING THEY WILL RAISE TARIFFS ON $75 BILLION OF U.S. PRODUCTS. JOINING US NOW IS WHITE HOUSE TRADE ADVISOR PETER NAVARRO. THANK YOU FOR COMING ON THE PROGRAM THIS MORNING. OBVIOUSLY THE WHITE HOUSE WANTS TO PUT OUT A MESSAGE RESPONDING TO THE TARIFFS, WHAT IS THAT?>>THE PRESIDENT HAS DONE A REMARKABLE JOB PUTTING THIS COUNTRY BEHIND HIM ON THE CHINA ISSUE THE LAST FEW YEARS BY EDUCATING THE PEOPLE ABOUT CHINA’S ACTS OF AGGRESSION, THE FORCE TECHNOLOGY TRANSFER, KILLING AMERICANS WITH CHINA MADE FENTANYL. CHINA CONTINUES ACTIONS LIKE TODAY SIMPLY REINFORCES THE TOUGH STAND THAT THIS PRESIDENT TAKES. FROM A MARKET POINT OF VIEW, IT’S NOTHING THAT THEY ARE WELL SIGNALING, REALLY IMPORTANT TODAY AND TOMORROW, IF JAY POWELL AND THE FEDERAL RESERVE ASSURES AMERICA THAT HE HAS THEIR BACK, IT WILL FINISH UP THREE OR 400 POINTS. THE EUROPEAN CENTRAL BANK FOLLOWS THROUGH ON THE PROMISE TO LOWER INTEREST RATES AND ENGAGE IN EASING AND THAT’S GREAT FOR AMERICA BECAUSE A STRONGER EUROPE WILL MEAN MORE EXPORTS SOLD TO EUROPE AND MORE GROWTH FOR AMERICA, THERE ARE SOME THINGS THAT ARE GOING TO BE REALLY IMPORTANT.>>Sandra: TWO BIG THINGS I WANT TO BRING YOUR AUDIENCE ALONG WITH YOU. WE ARE 14 MINUTES INTO TRADING, THE DOW IS OFF 91 POINTS, NOT A HUGE LAUGH. NOT A HUGE REACTION TO THE NEWS BUT I WANTED TO POINT OUT AND GET SOME CLARITY ON THIS BECAUSE THEY UNDERSTAND THAT YOU LEARNED OF THIS SLAP BACK FROM CHINA THIS MORNING ABOUT THE SAME TIME THAT WE ALL DID ALTHOUGH YOU WERE ANTICIPATING IT, IS THAT FAIR?>>THE CHINESE SITE HAD CLEARLY SIGNALED TO US THAT THEY WOULD RETALIATE IN SOME WAY. THE PROBLEM THAT THEY HAVE IS WE HAVE A FAR MORE BULLETS IN ARGONNE THAN THEY DO. THEY TELL US CLOSE TO $6 BILLION IN EXPORTS AND OURS IS A LITTLE OVER 100.>>Sandra: WHAT DOES THAT SAY ABOUT HOW FAR THIS BATTLE, THIS TRADE WAR COULD GO?>>THIS IS NOT A TRADE WAR. IT’S WHEN TWO COUNTRIES ARE FIGHTING OVER LOWERING THEIR TARIFFS. BUT WHAT WE ARE FIGHTING ABOUT IS TO HAVE THEM STOP STEALING YOUR INTELLECTUAL, TAKING OUR TECH TECHNOLOGY, MANIPULATING CURRENCY AND HAVING THEIR STATE OWNED ENTERPRISES RAMPANT AND AROUND THE WORLD.>>Sandra: THAT IS COMPLETELY FAIR AND YOU’RE GETTING CREDIT FROM BOTH SIDES OF THE AISLE FOR THAT. REPUBLICANS, DEMOCRATS, A TOUGH STANCE ON CHINA, MANY SAYING IT IS TIME BUT EVEN THE FARMERS WHO SAY WE BACK THE PRESIDENT ON THIS PUSH ON CHINA ARE TALKING ABOUT THE PAYMENT THEY ARE FEELING AND IN THIS NEWS, THIS ANNOUNCEMENT FROM CHINA, IT’S AN EXTRA 5% ON SOYBEAN IMPORTS, IT’S AN EXTRA 10% TAX ON THE IMPORTS OF U.S. PORK. THEY MET PRESIDENT HAS THE BACKS OF THE AMERICAN FARMERS, THEY WILL NOT BE HURT. WE HAVE A LARGE PROGRAM TO MAKE FARMERS HOLE, AND WE ARE USING SOME OF THE MONEY COLLECTING THE TARIFFS AND IT GOES RIGHT TO THE FARM BELT. THE BIG PICTURE HERE IN TERMS OF MACROECONOMIC EFFECTS IT IS WE’VE HAD TARIFFS IN PLACE FOR OVER A YEAR, WE KNOW THAT CHINA IS BEARING THE BURDEN OF THOSE TARIFFS BY HAVING TO CUT THEIR PRICES, CUT THE VALUE OF THE CURRENCY, SEEING THEIR SUPPLY CHAIN HEMORRHAGE OUT OF CHINA COMING BACK HERE GOING TO VIETNAM OTHER PLACES AND WE HAVE SEEN NO IMPACT ON CONSUMERS. SO THE PEOPLE IN THIS COUNTRY ARE BEHIND PRESIDENT DONALD TRUMP WITH HIS TOUGH STAND ON CHINA.>>Sandra: NOW HE MAKES HIS WAY TO FRANCE TONIGHT, THE G7 MEETING WITH THE PRESIDENT’S MESSAGE THERE.>>THE MESSAGE IS SIMPLY THAT THE TRUMP ECONOMY IS BASED ON A GREAT MODEL. TAX CUTS, DEREGULATION, UNLEASHING THE ENERGY SECTOR AND HAVING FAIR AND RECIPROCAL TRADE AND THE PRESIDENT WANTS TO SHOW SOME LEADERSHIP THERE IN TERMS OF MOVING EUROPE TOWARDS THAT PARADIGM AFTER THE G7 WAS CREATED TO BRING TOGETHER THE LARGE ECONOMY TO TALK ABOUT HOW TO GROW. SOME OF THE INDIVIDUAL THINGS AND I LOVE WATCHING THIS PRESIDENT INTERACT WITH THESE LEADERS, BORIS JOHNSON, GOING TO BE IMPORTANT BY OCTOBER 30TH THAT WE HAVE A RESOLUTION OF BREXIT. THAT MEANS WE’LL BE ABLE TO MOVE SWIFTLY TOWARDS TRYING TO GET A GOOD TRADE DEAL WITH THE U.K. THE GERMAN ECONOMY, IT’LL BE INTERESTING TO HEAR WHAT THE GERMANS HAVE TO SAY ABOUT THAT.>>Sandra: LET ME FIRE OFF A COUPLE OF THINGS, WILL THERE BE A TAX CUT BEFORE THE ELECTION, LARRY KUDLOW SEEMED TO HINT THAT ONE.>>FROM THE MOMENT THE FIRST TAX CUT WAS DONE, WE’VE ALWAYS ENVISIONED TAX CUT YOU POINT OUT NOT AS A MANEUVER WORRIED ABOUT SLOWDOWNS, BUT SIMPLY TO GET THE TAX CODE RIGHT, THE CORPORATE TAX STILL HIGHER THAN WE LIKE, SO I DON’T KNOW WHETHER WE WILL HAVE A TAX CUT BEFORE THEN. IT WILL BE VERY DIFFICULT WITH THIS CONGRESS.>>Sandra: IT’S BEING CONSIDERED THOUGH.>>MY POINT IS THERE’S NOTHING NEW ABOUT THAT. WE HAVE ALWAYS TALKED ABOUT 2.0 BUT IT SHOULDN’T BE INTERPRETED AS A SIGN THAT THE ECONOMY IS STRUGGLING. WE HAVE A VERY STRONG ECONOMY. I HAVE FIVE SECONDS LEFT.>>FED CHAIRMAN DOES THE RIGHT THING INSTEAD OF DRAGGING US DOWN 2% LIKE THE FED IS DOING SO LET’S GET IT DONE, JAY POWELL, HAVE AMERICANS BACK AND IT WILL ALL BE GOOD.>>Sandra: WE WILL HEAR FROM

100 thoughts on “China slaps tariffs on $75 billion of US products

  1. Be fair, trade cannot be separated from human rights when dictatorship regime vs democracy counties. If you care about people who pursue freedom and democracy have been tortured in prison, can you enjoy the benefit from trade with China, price advantage from China ? Material wealth is guilty under this circumstance !

  2. Chinese products are so crappy. If we could ban their products we would have way better longer lasting quality products.

  3. Who cares.. they only buy one of each product so they can duplicate it and sell the poorly made copyright infringed products back to the world….

  4. If Americans were to simply stop buying Chinese goods and anything to do with China, that country would go through a major collapse. It wouldn't starve although it certainly wouldn't be the same China it is in 2019

  5. This B l T C H is so [email protected]#$ing clueless it's pathetic. Why doesn't she just tell us she doesn't have a BRAIN CELL to call her own. Chinese are like Razor Slicing themselves & need as much Therapy as the Chinese! MASOCHISTIC to the MAX! haha…. "duh… see? Duh Which way did they go Duh… Which Way did they Go? As they are the ones only hurting themselves more not us! DUMBOCRATS…. like her & her Cronies haven't an F'ing Clue!

  6. I don't know why anyone would give this newscaster the time of day. She's extremely rude and doesn't let him answer the question. She thinks what she has to say is more important than what he has to say.

  7. Instead of putting tariffs on Chinese goods why doesn't the U.S. just subsidize all those sectors that it accuses China of subsidizing? Then it would mean low prices for the consumer and an even level playing field. Oh wait, all those 800+ U.S. military bases around the world cost money to maintain.

  8. So what about all of these chinatowns we have in every major city? Are they gonna start getting evicted or will it be business as usual?

  9. When does China buy anything from the USA? They do is assemble electronics and sell cheap electronics over eBay. I know they sell more but they don't buy any of our rescources nor products.

  10. We need the World to Support Busting up the " Made in China " Cartel. China needs the World to buy their goods. Without that the Paper Dragon Falls to the Ground. Its a Worldwide problem not just a US Problem.

  11. Why did she cut him off when he was explaining what China is doing to our country??? I wanted to hear what he had to say…..

  12. I have done my level best to avoid buying “made in China” years ago. I hope 🤞 others would do the same. Buy American if possible, I know it’s hard to research everything but try as much as you can.

  13. China just puked in Canada's mouth ,buy pork and soy from Canada ,we can throw China to the trash heap,where they belong.

  14. China has bombs america has more get the popcorn get yur cell phone video recording ready and enjoy the end of the world can't wait we all die the end

  15. This reporter acts like she knows more than mr Navarro. She is an idiot. Who the hell does she think she is. Reporters act as they know all the truth. Idiot.

  16. This is great news for America, China doing this is helping to guarantee that no matter which party candidate wins the presidency (not just 2020 but beyond) they will be anti China. China should have waited Trump out if it wanted to be smart but by doing this it means it is hurting badly and getting desperate. Unfortunately with so much of the major players in financial trouble (China being chief among them), with massive personal debt levels, housing bubbles in multiple countries and signs European banks are grossly over exposed (Deutsche Bank 15k job redundancy) and the whole Brexit mess caused by a petulant EU. The truth is we about to hit a major bump, maybe even beyond a recession but as bad as it will be, it is needed, to finally curb immigration, dismantle the EU and end socialist programmes.

  17. This is why Trump was complaining about Fox, not all are conservatives, she was aggressively rude, cutting him off not interested in journalism at all.

  18. Wonder how many of those products are vital to our way of life and that we can't purchase HERE? I'M betting NONE. Sorry China! You lose!!

  19. China sends us plastic rice. Why would anyone want to buy anything from China…? They are literally trying to poison American people.
    TRUMP2020🇺🇸

  20. I still have a excellent running Westinghouse 12,500 BTU air conditioner from 30 years ago, American built. All the Chinese ones i have bought from Home Depot for smaller rooms, purchased 10 times over!

  21. Tariffs have no impact for a population that is 80 percent third world raising the price of a washing machine will only matter to their elites

  22. Good… it shows there feeling the bite…I've been sick of seeing made in China on everthing for a long time…also would be a good time to quit defending Europe for free..were not your dam body guard..

  23. What a joke. Only the American media can make something out of a transaction in the amount of 75 billion dollars in product trade inside the American economy in the amount of TWENTY TRILLION DOLLARS ($20,000,000,000,000.00) That's like a fly on the back of an elephant. Maybe a better idea than a trade disagreement with china is to simply tell the Chinese that we no longer have any ports open to their products here in the United States.

  24. What’s best? Made in China or made in America. If China wants this battle with Trump they are welcome at their own risk. Trump is a smart man, business man, he will make sure that he will do FOR American like he always did since he’s elected. Demon democrats use the scare tactic as usual. Like it is demon democrats are weak.

  25. I’m chinese and my father told me that Chinese people are shrewd, cheap, and sneaky businessmen (also the govt) who only care about making tons of money w/o the slightest thought of their workers and will cut corners by any means.

  26. This is all fine and dandy but at the end of the day it will be war. That will decide the out come of this struggle,two toughest kids on the block do they shake hands go there own way or do they fight you decide

  27. Only 15% of the products in Trump stores are made in the USA.
    Donald Trump suits are made in Mexico, shirts in Bangladesh, ties in China.
    MAGA hats are made in China.
    Ivanka Trump won initial approval from the Chinese government for 16 new trademarks in November.
    Ivanka Trump imported 53 metric tons of Chinese goods the same week Daddy gave a "Buy American and hire American” speech.

  28. Who cares! Continue the fight with China and increase the tariffs with even more tariffs. If it doesn't say, "MADE IN AMERICA", then we don't need it. I hate Chinese products anyway!!!

    Semper Fi President Trump, 🇺🇸
    Semper Fi America 🇺🇸

  29. BWAHAHAHA!! 🤣🤣🤣 China NEEDS us to buy their poorly made, disposable and often poisonous junk WAY more than we need them to buy ours. Trump's predecessors were terrible negotiators. We've been eating the 'short end of the stick' for way too long and not just in trade with China, but with nearly EVERY other country that we trade with. Trump actually once suggested that we drop tarrifs altogether and have FREE trade with everyone. It's not surprising that not a single one of the countries that have been profiting off of those poorly made and unbalanced trade deals wanted to do that! So now, we get to witness the "Art of the Deal" while Trump do what he does best… Negotiate the BEST deals ever! Yes, prices of imported goods may temporarily rise a nominal amount but the billions saved by rectifying the unbalanced trade agreements will more than make up the difference. American companies that moved operations to cut costs by using cheap labor and shoddy components will no longer have the incentive to stay in those countries and bring their manufacturing plants back to the US along with the jobs that come with them, boosting our economy even more!

  30. Guys my family has own farms for generations and trust me what TRUMP is doing is just hurting my family business really bad as well as thousands of other business owners in the States, TRUMP IS JUST PLAYING WITH FIRE WITHOUT KNOWING HOW TO AND WILL NOT BE A HAPPY ENDING WITH HIS GAME.

  31. I’m ok with it. I have been avoiding China products as much as I can for some time now. It’s just another day in the life for me😁

  32. Our economy is stronger than china's at this point in time. Break them. Remember a few years ago, childrens toys were painted with lead paint, all the times baby formula was contaminated, and over a decade of chinese balt salts and fentanyl thats LITERALLY killing hundrends of thousands of americans, on top of their financial crimes. Break em, without a actual combat war. Afghanistan war broke the USSR. Trade war will break china.

  33. How big a retailer is Walmart? Big. How many goods do they sell that are imported from China? A LOT. who loses? The American consumer making $60,000 or less per household. That's 50% of the U.S. ! Screwing what's left of middle class, and middle America. He's tanking his reelection, utterly.

  34. Trump is trying to bring the factories back to America, if not North America. If jobs did not go overseas from El Salvador, Mexico, Peru, Niagara etc etc for cheap labor. Then we wouldn't have much of a problem with immigration.

  35. Go CHINA!!!! You're the ANCIENT SUPERPOWER in the PAST, PRESENTLY getting you're rightly THRONE and you're the FUTURE GLOBAL SUPERPOWER. Long Live the RED DRAGON. We're behind you!!!

  36. BRILLIANT DONALD FOR STOPPING THE GIANT CHINA LOOT OF USD 500 BILLION EACH YEAR FOR 24 YEARS BEFORE 2016. THEY WERE THEN PAYING KICKBACKS TO CORRUPT SENATORS.

    CHINA HAS NOT BEEN LOSING THIS WAY. NOW THEY ARE CROAKING, SO KEEP UP THE PRESSURE ON THEM !!

    STOP LYING FAKE NEWS CNN. ANTI PEOPLE, TRAITORS.

  37. From Europe: He's talking as if he believes that everything we hope is that our politicians and the Central bank do everything they can to do what is best for the USA. And I'm sure all Chinese feel the same. …. The US always starts this crisis with deregulations, bubbles and now tariffs and then we do what is best for us.

  38. 贸易战是美国挑起来的,而且美国总统选举都喜欢打中国牌给自己制造声势!中国表面看似中国出口商品给美国,但美国其他产业与工厂在中国赚得高额利润,这些事实美国的政客却没有告诉民众,只会鼓动民族情绪仇中,最恶不过美国政客!

  39. Add more tariffs China! We don't want none of your crappy products anyway. We will make our own and you can go eff yourselves!

  40. White House Trade Adviser: "Trade war is when two countries are fighting over lowering their tariffs", why am I not surprised.

  41. you know, if companies would stop this race to the bottom crap i.e. have my stuff made as cheaply as possible, they wouldnt have to do it in China, and they wouldnt have to agree to transfer the tech to China.

  42. I remember when we had a strong manufacturing base. This in turn brought better wages and benefits along with better made products. Bill Clinton basically solds out to China via Walmart. The Chinese were prolific with intelectual property theft and producing knockoff clothing, accessories, pharmaceuticals, etc. It is about time someone stood up to China. The previous wussy administations did nothing more than shake their fingers at China. There are going to ups and downs in the short run but in the long run the USA will win.

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