Economy

China Prepares to Retaliate Against Trump’s Tariffs

JM Ashby
Written by JM Ashby

We may not know exactly which imports the Trump regime wants to impose tariffs on until next month, but China has already unveiled several specific targets they will impose their own tariffs on if Trump goes through with it.

China has its eyes set on the agricultural industry for reasons that make a lot of sense.

From Bloomberg:

The world’s biggest pork producer, consumer and importer is planning a 25 percent tax on U.S. pork imports, the Ministry of Commerce said in a statement on Friday. The tariffs would be in addition to current duties. [...]

The National Pork Producers Council warned that possible Chinese tariffs on U.S. pork could have a significant negative impact on rural America. “No one wins in these tit-for-tat trade disputes, least of all the farmers and the consumers,” it said in a statement.

In addition to American pork, China is also considering tariffs on American soybeans and wine, among other things.

Trump owes a great deal of his public support to farm states that produce most of America's pork and soybeans. China is aware of this and they're going to use it against him.

While I'm sure the average GOP voter will blame Democrats or whoever else for their misfortune, farmers and the greater agricultural industry are not quite so stupid because their business depends on trade. The overwhelming majority of American industries have opposed all of Trump recent decisions, the agricultural industry most of all.

Considering that the Trumps haven't spelled out what they intend to target, and given that China already has a list, I'd say it's evident that China is more prepared for this than Trump is. I'm sure it helps that Chinese officials actually have some idea of what they're doing.

  • muselet

    I applaud the National Pork Producers Council for pointing out the obvious, that trade wars are really, really bad for business.

    However, as ever, I wonder how many of those pork producers* (and soybean farmers and winery owners) voted for Donald Trump. They got exactly what they voted for: trade disputes, abandoned trade agreements and pointless chest-thumping on the international stage.

    “Farmers and the greater agricultural industry” may not be as stupid as the average GOP voter, but most of them will also vote R every chance they get.

    * And yes, I know the National Pork Producers Council is made up of large agribusiness companies and not Farmer Bob and his neighbors.

    –alopecia

    • JMAshby

      I was in the high school marching band and we sold pork burgers provided by the Kentucky branch of the Pork Producers at football and basketball games. I still miss those burgers. The best things you ever ate in your life.

      Just some random, useless information.

      • muselet

        Random, yes. Useless, I’m not so sure.

        –alopecia

  • Badgerite

    Radical thought, but wouldn’t it have been smarter policy to not do a tax cut but do a good deal of investment in public infrastructure programs that requires the steel and other parts being produced in America are used in those projects?
    They could start in Puerto Rico, God knows. The projects themselves would do more to increase local steel production than anything trump is doing. The money being spent would have a multiplier effect in the US economy. China already is established as a steel producer in the world. China has already achieved that goal. Tariffs the US imposes are not going to alter that in terms of the international steel markets. It is not likely any tariffs on goods will affect the steel production here. A government funded infrastructure program that would dedicate at least a portion of its steel use to US steel production would be far more likely to affect the American market than anything else. It is as if they are sacrificing the future of the country in order to try to resurrect a past after WWII when the United States was practically the only industrialized country left standing. That just isn’t going to happen.

    • ninjaf

      Oh, I see your problem. You used logic.

      • Badgerite

        I know. 🙂 What as I thinking?

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