President Trump Announces Tariff Increases on Chinese Products…

The Last Refuge | 8/23/2019 | sundance
k.collazi (Posted by) Level 3
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President Trump has announced the raising of tariffs on China effective Sept 1st and October 1st, 2019. This is one arrow in a quiver filled with economic consequences:

The preexisting 25 percent tariff on $250 billion in Chinese goods will increase to 30 percent effective October 1st, 2019.

Percent - Tariff - Worth - Goods - Percent

The pre-planned 10 percent tariff on $300 billion worth of Chinese goods will increase to 15 percent, effective September 1st, 2019.

This targeted tariff approach is only a small sample of the economic action that is available to President Trump. There are a host of tools and targeted economic weapons available to President Trump that are far more damaging to Beijing.

Announcement - Message - Members - G7 - Meetings

This announcement also sends a clear message to the members of the G7 as they prepare for their meetings in France.

Additionally, President Trump is setting up a political dynamic that is visible on the horizon....
(Excerpt) Read more at: The Last Refuge
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