This article appeared online at TheNewAmerican.com on Friday, June 15, 2018:
Following weeks of meetings with top Chinese officials that failed to produce ways to reduce the immense trade deficit suffered by the United States for years, President Donald Trump approved implementing tariffs on $50 billion of incoming Chinese goods “that contain industrially significant technologies.” These include Chinese products competing with U.S. aerospace, information and communications technology, robotics, industrial machinery, automobiles, and new materials industries.
The tariffs will be staged in, with tariffs on $34 billion of those products being collected by the Customs and Border Protection agency starting on July 6, while the remaining $16 billion will be delayed pending further review.
According to the Tax Foundation, these new tariffs, when completely implemented (and added to the tariffs already being imposed on incoming steel and aluminum), will lower the country’s gross domestic product (GDP) by an insignificant six one-hundreds of a percent, and potentially decrease employment by about 45,000 jobs.
What the president is doing is keeping more of his campaign promises. Here are some of his comments from various Twitter feeds and elsewhere: