China raises tariffs further

… remaining ‚disrespectful to world markets‘:

China has raised its retaliatory tariffs on US imports from 84% to 125%, the State Council Tariff Commission said in a statement on Friday. …

“The successive imposition of excessively high tariffs on China by the US has become nothing more than a numbers game, with no real economic significance,” a spokesperson for China’s Commerce Ministry said in a statementFriday. “It merely further exposes the US practice of weaponizing tariffs as a tool of bullying and coercion, turning itself into a joke,” the spokesperson added.

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China is going into an industrial buildout because the US is leaving that on the table.

China does not care.

There was a piece on the news last night: a woman who owns a company that sells purses, crying a river about how the price of her goods is soaring, and changing vendors will take months.

It’s not like they had no warning.

Published Sun, Sep 1 2019

Steve

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