- This topic has 0 replies, 1 voice, and was last updated 6 years, 8 months ago by
.
-
China Just Went Nuclear In The Trade War, And There Is No Turning Back Now
When will Americans start to wake up and realize what is happening? At the end of last week, President Trump announced that the U.S. would be imposing a 10 percent tariff on 300 billion dollars worth of Chinese imports, and that marked a dramatic escalation in our trade war with China. This move by Trump came as a total shock to Chinese officials, and global financial markets were thrown into a state of turmoil. Since that announcement, we have been waiting for the other shoe to drop, because we knew that the Chinese would retaliate. But honestly, very few of the experts expected something like this. On Monday, China announced that it is going to completely stop buying U.S. agricultural products…
China confirmed reports that it was pulling out of U.S. agriculture as a weapon in the ongoing trade war.
A spokesperson for the Chinese Ministry of Commerce said Chinese companies have stopped purchasing U.S. agricultural products in response to President Trump’s new 10% tariffs on $300 billion of Chinese goods.
This is essentially a trade war equivalent of a nuclear bomb.
A Minute to Midnite Administration
A Minute To Midnite Show Host
- You must be logged in to reply to this topic.
Our audio podcast channel on 
