President Trump Wants $267-B More in China Tariffs Despite Talks

President Trump Wants $267-B More in China Tariffs Despite Talks

President Trump Wants $267-B More in China Tariffs Despite Talks

$AAPL, $WMT, $TGT

President Trump threatened a 3rd tranche of tariffs on another $267-B of Chinese imports this past week, which would mean levying duties on nearly everything China exports to the US. President Trump said at the time those tariffs were “ready to go on short notice,” but the administration has not yet published a list for public comment.

It has become tricky to find additional products for duties that will not more obviously impact American consumers, according to officials. There was no decision made during Thursday’s meeting regarding when to issue the $267-M round.

Apple (NASDAQ:AAPL) said last week the $200-B round of tariffs that is set to go into effect as early as Monday, could hit some of its most popular goods such as the Apple Watch and AirPods headphones.

Retailers such as WalMart Inc. (NYSE:WMT) and Target Corp.(NYSE:TGT) risk being swept up in an escalating trade war if further tariffs hit a broad range of consumer goods, from TVs to sneakers.

T he public comment period for a list of tariffs on about $200-B in Chinese goods closed last week, and Trump said the duties would be imposed “soon.” The new round would be in addition to $50-B in Chinese goods that already face a 25 percent duty.

Efforts to end the trade dispute have not worked out yet, but officials from both countries have met 4X for formal talks, most recently in August, when Treasury’s undersecretary for international affairs, David Malpass, led discussions in Washington DC with Chinese Vice Minister Wang Shouwen.

The White House has sought to pressure Beijing to reduce its trade surplus with America and protect intellectual property rights of US companies, which it says are being abused in China.

Have a terrific weekend

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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