PressTV-Where will a trade war with China lead the US?

By Martin M Eagleton

On Friday, US President Donald Trump carried his protectionist promises to another level and slapped tariffs on more than $34 billion worth of Chinese products. And this is just the beginning. Another $16 billion is on its way in two weeks from now, adding to a total of $50 billion of Chinese goods that would be charged a 25 percent import tax at US borders. And yet even more is to come. Trump has threatened another $500 billion worth of Chinese goods with tariffs if China retaliates. On Thursday, Trump said that initially, “34 [billion], and then you have another 16 in two weeks and then as you know we have 200 billion in abeyance and then after the 200 billion we have 300 billion in abeyance. Ok? So we have 50 plus 200 plus almost 300.”

Of course China has retaliated swiftly, actually very swiftly. Two hours after the Trump administration announced the first salvo of tariffs, China immediately torpedoed back by imposing…

Read more