Washington – Trump Announces Higher U.S. Tariffs On China Goods Starting Friday

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    Washington – U.S. President Donald Trump raised pressure on China over trade negotiations on Sunday by saying U.S. tariffs on certain Chinese products will increase to 25% on Friday and that more Chinese goods will face additional tariffs.

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    “For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods,” Trump wrote on Twitter.

    “The 10% will go up to 25% on Friday. 325 Billions Dollars of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%,” he added.

    (Reporting by Timothy Gardner; Editing by Mary Milliken and Lisa Shumaker)


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    4 years ago

    As a former student of fourth grade level economics, I say that Trump has the power to overcome the economic realities that would otherwise make this a terrible choice.

    4 years ago

    Warren Buffett SLAYS Suggestion of Socialism

    The Oracle of Omaha didn’t hold back in when questioned on his belief in the system.
    “I’m a card-carrying capitalist,” Buffett declared at Berkshire Hathaway’s annual meeting.
    “I believe we wouldn’t be sitting here except for the market system and the rule of law on some things that are embodied in this country,” Buffett said. “So you don’t have to worry about me changing in that manner.”
    It’s refreshing to hear that Buffett has some appreciation for the system that allowed him to make all of his achievements. As such, Buffett strongly rebuked the idea of turning the country over to socialism.