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* President Trump wanted to double tariff rates on Chinese goods last month after Beijing’s latest retaliation in the trade war before settling on a smaller increase, three sources tell CNBC.
* Trump was outraged after he learned Aug. 23 that China had formalized plans to slap duties on $75 billion in U.S. products in response to new tariffs from Washington on Sept. 1.
* Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer then enlisted multiple CEOs to call Trump and warn him about the impact such a move would have on the stock market and the economy.
President Donald Trump
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wanted to double tariff rates on Chinese goods last month after Beijing’s latest retaliation in a boiling trade war before settling on a smaller increase, three sources told CNBC.
The president was outraged after he learned Aug. 23 that China had formalized plans to slap duties on $75 billion in U.S. products in response to new tariffs from Washington on Sept. 1. His initial reaction, communicated to aides on a White House trade call held that day, was to suggest doubling existing tariffs, according to three people briefed on the matter.
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WNU Editor: The majority of Americans support President Trump's approach towards China on trade. Even though this poll has a large Democrat sample, 67% still think it is necessary to confront China over its trade policy now? (Page 234 of the latest Harvard/Harris poll).
This person has a different take, but she avoids the above poll result .... Does US electorate support Trump’s trade war? (Kerry Boyd Anderson, Arab News).
The president was outraged after he learned Aug. 23 that China had formalized plans to slap duties on $75 billion in U.S. products in response to new tariffs from Washington on Sept. 1. His initial reaction, communicated to aides on a White House trade call held that day, was to suggest doubling existing tariffs, according to three people briefed on the matter.
Read more ....
WNU Editor: The majority of Americans support President Trump's approach towards China on trade. Even though this poll has a large Democrat sample, 67% still think it is necessary to confront China over its trade policy now? (Page 234 of the latest Harvard/Harris poll).
This person has a different take, but she avoids the above poll result .... Does US electorate support Trump’s trade war? (Kerry Boyd Anderson, Arab News).
thus Article
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This time, hopefully can provide benefits to all of you. Okay, see you in another article posting.
You now read the article with the link address https://uswordarmy.blogspot.com/2019/09/cnbc-trump-was-so-angry-after-chinas.html
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