Are Congressional Republicans Ready To Fight Trump’s Tariff Madness?

President Donald Trump doubled down on his trade war Wednesday and members of Congress finally took their first tiny steps toward containing the economic damage.
Markets fell Wednesday as the White House announced a new round of 10 percent tariffs on $200 billion of Chinese products, a move that will force American consumers and businesses to pay higher taxes for imported goods including refrigerators, cotton, electronics, and fish. The Trump administration said the tariffs were a response to China’s decision last week to place tariffs on $34 billion worth of American exports, which was itself a retaliatory move aimed to strike back at the Trump administration for placing a 25 percent tariff on the same amount of Chinese goods on July 6.
As the trade war between the world’s two largest economies escalates, we still don’t know what the White House hopes to gain from the confrontation. American and Chinese trade officials

Continue Reading....

Check Also

In Defense of Mark Zuckerberg Letting Holocaust Deniers Use Facebook

Facebook Twitter Google+ Pinterest LinkedIn Digg Del StumbleUpon E-mail Reddit Buffer Love ThisFacebook CEO Mark …

Leave a Reply

Send this to a friend