RE: Trump15 Aug 2018 16:15
JMO-
Your list was just scratching the surface of US goods affected by tariffs
This briefly explains the rest.....
China said Wednesday it will retaliate against the latest round of U.S. tariffs on Chinese imports.
The Chinese Ministry of Commerce announced a 25 percent charge on $16 billion worth of U.S. goods. The 333 goods being targeted by China include vehicles such as large passenger cars and motorcycles. Various fuels are on the list, as well as fiber optical cables.
China is also going after coal, grease, Vaseline, asphalt and plastic products, and recyclables.
China's announcement comes after the U.S. Trade Representative's office released a finalized list of $16 billion worth in Chinese goods that will be hit with tariffs. The U.S. charges will take effect on Aug. 23. The latest U.S. list brings the total worth of Chinese goods facing a 25 percent tariff to $50 billion.
You fail to appreciate that at the coal face...ALL consumers end up with higher prices and lower standards of living.
In the 1930's after the Wall street crash America imposed a tariff wall...protectionism.
Other nations retaliated resulting in the depression being prolonged worldwide until ww2 when industrialised military hardware gave everyone jobs