Go Big or Go Home: Trump Proposes Massive Tariffs on China Go Big or Go Home: Trump Proposes Massive Tariffs on China – NTK Network

Go Big or Go Home: Trump Proposes Massive Tariffs on China

The president announced that he is considering an additional $100 billion to hit the trade deficit with Beijing. How much more can China take before they buckle?

By NTK Staff | 04.06.2018 @5:00pm
Go Big or Go Home: Trump Proposes Massive Tariffs on China

“When you’re already $500 Billion DOWN, you can’t lose!” President Trump tweeted about the U.S. trade deficit with China this week, and the president is certainly holding to that sentiment. Trump set the stakes sky high with a new proposal of $100 billion in tariffs on Chinese goods.

The president previously hit the Chinese with a $50 billion tariff, and it appeared that Beijing backed down, only imposing a $3 billion import tax on American goods. But China eventually matched the United States with $50 billion in tariffs.

Trump wasn’t bluffing though, upping the ante.

Given the huge trade deficit the United States has with China, the Chinese may not be able to respond in kind, according to Bloomberg:

Now that U.S. President Donald Trump has ordered a review of measures on $100 billion of additional Chinese goods, China will have to get creative to keep up the like-for-like rhetoric. There aren’t enough American goods imports to target; of course, China could still take other measures — like curbing package tours or student transfers to the U.S., or steps against American companies’ operations in China.

Even if China was able to engineer a response, Trump would still have billions in Chinese imports to target.

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