Trump announces new tariffs on Chinese goods amid bitter trade war

Trump announces new tariffs on Chinese goods amid bitter trade war


BE BACK HERE ON MONDAY. HAVE A GREAT WEEKEND. I KNOW I WILL.>>Bret: WELCOME TO WASHINGTON. I’M BRET BAIER. TONIGHT, SERIOUS COUNTER PUNCHING TAKING RIGHT NOW AND WHAT’S BECOME A FULL-FLEDGED TRADE WAR WITH U.S. AND CHINA. WITHIN THE PAST HOUR PRESIDENT TRUMP HAS ANNOUNCED ANOTHER MAJOR TARIFF INCREASE ON MORE THAN A HALF TRILLION DOLLARS OF CHINESE IMPORTS. HE TWEETS, STARTING ON OCTOBER 1ST, THE $250 BILLION OF GOODS AND PRODUCTS FROM CHINA CURRENTLY BEING TAXED AT 25% WILL BE TAXED AT 30%. ADDITIONALLY, THE REMAINING $300 BILLION OF GOODS AND PRODUCTS IN CHINA BEING TAXED FROM SEPTEMBER 1ST AT 10% WILL NOW BE TAXED AT 15% ENDING WITH THANK YOU TO YOUR ATTENTION FOR THIS MATTER. THIS COMES THIS MORNING WORRIED THAT BEIJING HIT THE U.S. WAS $75 BILLION WORTH OF NEW TARIFF TARIFFS. THE PRESIDENT RESPONDED BY URGING AMERICAN FIRMS LEAVE THEM A WORLD’S MOST POPULOUS COUNTRY. THAT EARLIER MESSAGE SENT THE MARKETS REELING. THE DOW PLUMMETING TODAY 623 POINTS. THE S&P 500 LOST 76. THE NASDAQ PLUNGED 240. FOR THE WEEK, THE DOW LOST ONE PERCENTAGE POINT. THE SMP DROP TO 1.5. THE NASDAQ LOST A LITTLE LESS THAN TWO. TODAY’S EVENTS PUT AN EXCLAMATION POINTS TO THE FEDERAL RESERVE’S COMMENTS, THE TRADE SITUATION IS COMPLETING HIS ABILITY TO DEAL WITH ONE OF PRESIDENT TRUMP’S FAVORITE TOPICS, INTEREST RATES. CORRESPONDENT RICH ADS AND STARTS US OFF TONIGHT A BUSY DAY ON THE NORTH LOT OF THE WHITE HOUSE.>>THE PRESIDENT PROMISES TO RESPOND AND HERE IT IS. ANOTHER ESCALATION IN THIS TRADE FIGHT BETWEEN UNITED STATES AND CHINA. THE PRESIDENT SAYS HE MET WITH HIS TRADE ADVISORS TODAY, THE RESULT IS THIS AND THAT MEANS ANNOUNCEMENT AND THE GLOBAL RELATION BETWEEN THE TWO COUNTRIES ONLY GETS DOMINIK COUNTRIES ONLY GETS DOMINIS COUNTRIES ONLY GETS DOMINIT COUNTRIES ONLY GETS DOMINID COUNTRIES ONLY GETS DOMINI TODAY. IF YOU SAW PRESIDENT TRUMP’S TWITTER FEED TODAY, YOU KNOW THE PRESIDENT HAS HAD ENOUGH WITH CHINA. A SERIES OF TWEETS, WE DON’T NEED CHINA AND WOULD BE FAR BETTER OFF WITHOUT THEM. SETTING OFF AN INITIAL MARKET DROP, AND THE PRESIDENT OF THE UNITED STATES. TRUMP SAYS AMERICAN COMPANIES ARE HEREBY ORDERED TO IMMEDIATELY START LOOKING FOR AN ALTERNATIVE TO CHINA AND TRUMP TWEETED IN ORDER THAT ALL CARRIERS INCLUDING FEDEX, AMAZON, UPS, AND THE POST OFFICE COMMIT TO SEARCH FOR AND REFUSE ALL DELIVERIES SENT FROM CHINA OR ANYWHERE ELSE. UPS AND FEDEX RESPONDED SAYING THAT THEY WORK WITH AUTHORITIES AND FOLLOW LAWS AND REGULATIONS TO INTERCEPT ILLEGAL SHIPMENTS. WHITE HOUSE TRADE ADVISOR PETER NAVARRO DEFENDED THE ADMINISTRATION’S STANCE.>>WE KNOW THEY ARE KILLING AMERICANS OFFENSE AND ALL. WE KNOW THEY MANIPULATE THEIR CURRENCY. WHEN AMERICANS UNDERSTAND THAT, WHEN CHINA TRIES TO BULLY US, THAT ONLY STRENGTHENS OUR RESOLVE.>>ADMINISTRATION OFFICIALS DESCRIBED CHINA AS THE UNITED STATES’ MOST SIGNIFICANT CHALLENGE IN ADVERSARY. DESPITE THAT, THE PRESIDENT ASKED, WHO IS OUR BIGGEST ENEMY, JAY POWELL OR CHAIRMAN XI? TRUMP CLAIMS THEY ARE RESTRICTING GROWTH.>>DO NOT PLAY CHECKERS IN HS WORLD BUT CENTRAL BANKING AROUND THE WORLD IS A CHESS MATCH.>>SPEAKING BEFORE A CONFERENCE IN WYOMING, POWELL THREW IT BACK TO THE PRESIDENT, SAYING UNCERTAINTY AROUND TRADE IS PLAYING A ROLE IN THE ECONOMIC SLOW DOWN AND, WHILE MONETARY POLICY IS A POWERFUL TOOL THAT SUPPORTS CONSUMER SPENDING, BUSINESS INVESTMENT, PUBLIC CONFIDENCE, IT CANNOT PROVIDE A SETTLED RULE BOOKED FOR INTERNATIONAL TRADE. EVEN AS THE MARKETS TANKED, THE DOW JONES INDUSTRIAL AVERAGE SPENDING THE DAY HUNDREDS OF POINTS IN A NEGATIVE, THE PRESIDENT KEPT WEEDING EVEN JOKED, THE DOW IS DOWN 573 POINTS, ON THE NEWS THAT REPRESENTATIVE SETH MOULTON, WHOEVER THAT MAY BE, HAS DROPPED OUT OF THE 2020 RACE. THE WHITE HOUSE AND SET TRADE NEGOTIATIONS ARE SCHEDULED TO RESUME NEXT MONTH WITH CHINA. AS FOR THE PRESIDENT ORDERING COMPANIES TO DISENGAGE WITH CHINA, THE WHITE HOUSE HAS OFFERED NO CLARITY ON WHAT AUTHORITY THE PRESIDENT OF THE UNITED STATES HAS TWO COMPELLING

100 thoughts on “Trump announces new tariffs on Chinese goods amid bitter trade war

  1. Sunday Morning Futures w/ Maria is the only show on FOX 'Daytime' I trust
    anymore, and it's just on Sunday! lol Fox News wake up you are starting to
    smell like CNN. Nobody trust CNN. Best bet watch Maria weekday mornings
    on FOX Business Channel for the real news, and your money.

  2. Trump has regret over his regret about everything except he is not regretting about anything. The stupid is what stupid tweet.

  3. Worst president ever.. trump even said it's the U.S people who pay for tariffs. Yet he still raised tariffs.. stocks keep going down. He order companies out of China and expects them to pickup and leave😂trump is such a joke now no one can take him seriously

  4. The Federal Reserve has a practical obligation to acknowledge fiscal reality. The trade war is happening, it is reality, The Fed doesn't have a say in whether or not there is a trade war. The Fed's responsibility is to respond to the facts of the trade war in such a way that supports the American economy. Powell and the other Fed Governors need to support the trade war with some easy-money policy. Trump is right.

  5. Trump has always boasted about economy and how great he can make it. Now it looks like he is lying again. Anyway, doesn't matter, Sayoc's always love his father. Liar in Chief, and pathological liar in Cruz's term.

  6. China is the red muleta to Trump. He is totally mad, he dwarf James Mattis totally, it's not fair to call Mattis mad dog at all
    . Remember he was boasting his nuke button size against Kim not too long ago, such a stable genius.

  7. Only an idiot would defend China eating our lunch with a trade deficit of $500,000,000,000 a year for at least 20 years…

  8. It wouldn’t be a bitter battle if China thought fairly of it’s friendly, neighboring countries…like the United States. All we’re asking for is a level playing field. We don’t want to be ripped off – We want to trade in a way that’s fair for both sides. That should not be hard to agree too!! 🇺🇸

  9. The real truth for dummies. Trump tariffs are a way for Trump to cause recession world wide, especially in the U.S.. Trump will benefit from the fed lowering the interest rate points, he will gain hundreds of millions of dollars by this. Trump does not care about anyone but himself. Wake the hell up out there!!!!!!

  10. Yikes! Where is the end? American goods are superior. Bring the jobs home.The corporate tax cuts have hardly been justified when you consider American corporations with their write offs did not pay much tax to begin with.

  11. China has been reverse engineering our products for decades in what they could not steal. American corporations need to quit ripping off American consumers as well.The American people have been bailing them out of bankruptcy. Too big to fail??? How about too small to compete with the monopolies?

  12. How could we ever have thought that giving our jobs away to a Communist nation was a good idea?  Who in the world ever thought up that silly thought?

  13. This president doesn’t care at all about the American consumer. This is going to May every way more expensive. I hope the next president does away with all these crazy tariffs. We’re headed into another recession folks.

  14. mmost of these 300 billions goods are priduced by US companies in China. But it's too expensive for these companies to move out China.

  15. Ohhh noooo, I'm going to have to pay 4 cents more for the 2$, cheap, poorly made, disposable, second rate, Chinese product that many American retailers force on their consumers because they pay next to nothing for that cheap, poorly made, disposable, second rate Chinese product…..

    Ohhh the humanity

  16. I dont think you can order a company operating on another contenent following those rules of that Country to do anything unless you own that company and/or a greater number of stocks or shares in that Company, can you?

  17. I ‘m tired of having cheap poorly made sometimes toxic Chinese goods foisted on me because I can’t find what I need/want made in USA. I will gladly pay more for goods made here because I know I’m helping with jobs for my fellow Americans. Boycott Chinese goods . Bring manufacturing & tech back to USA !

  18. It looks to me after much research, that only the rich are going to be feeling the pain of these China tariffs. Yes some items will increase in price, but items have been increasing in price every single year despite any of this China tariff stuff. Every single year our rent goes up which has nothing to do with China. So once again I see this affecting only the very wealthy used in the very richest of America. And as you have probably noticed the middle class of America hasAll but dwindled away. And the gap between the rich and the poor grow bigger and bigger every day.

  19. MADE IN THE USA sounds gooood to me….
    Japan also makes good products I will use too like GUITARS. Goodby Gibson you suck.

  20. We need to cut Government spending to counteract the rising national debt. Unfortunately, the Republicans and Democrats don't even have a clue what they are doing. We are doomed if we rely on these clowns for another day. They can raise funds with the best of them but to what ends?… Their power and wealth. How does a former President make 100 Million dollars plus? Congress people with 4 Million dollar houses. Senators with so much wealth…I don't think a single one has less than 1 Million dollars in the bank…but send our military over to the middle east so they can lose their limbs and their lives to protect their wealth. Enough is enough.

  21. when did 3% equal a "plummet"!!!! china is waiting out the next election and wants him out so another weakling will come in and give china free rein in the market and in the south china sea!!! dangerous stuff!!! and realize folks that china is sending in $$$$$$$$$$$ to throw trump out of washington — research it, don't take my word for it

  22. Get rid of the FED it served its purpose many many yrs ago and should have been dismantled a few yrs after it was created !

  23. Christmas shopping has been cancelled this year Lol I hope China stop's selling rare earth to the US.

  24. All the Liberal media outlets have misquoted Trump stating he's ordered US companies to pull their business from China.

    How do you misquote that?

    And as to whether a President has the power to make such an order, I don't believe he can, but he can control what comes and goes to China, which is detrimental for any US businesses who have any investments with China.

    Under the 1977 International Emergency Economic Powers Act, Section 203, Paragraph (B), the President has the power to prohibit the transfer of any property subject to the jurisdiction of the United States, during a state of emergency or time of war.

  25. It actually opens domestic market possibilities. The repubs are far too reserved. You need to take off the gloves.

  26. I wouldn't never understand how people buy cheap products made in China when we know it destroyed American economy? It's difficult to understand?

  27. Chinese products is better than Us products. I think trump got jelous of chine's Why us look china got relationship with All the world contries unlike u it got strong relation with Algeria Africa Europe Asia Midle east means All the world but US is nothing it doesn't ship any of its products to the world. That's matter!

  28. What America has been doing to China in this evil war is simply bullying. Every country can see that. The world is returning to the order of the forest – violence, robbery, bullying, and more to come.

  29. Just another childish temper tantrum from the liar in chief because he is not getting his own way. Don't mention the Trillion dollar increase in budget deficit, the billions of dollars increase in trade deficit, American consumers having to pay the import tax I.e. Tariffs, don't mention any of Trump's complete lies and con tricks or his fraudulent university having to pay $20 million in reparation or Trump's fraudulent charity being run as a family bank account, or most of his products being made in China and Philippines or how much his resorts have charged taxpayers for his visits. Just keep up the BS.

  30. China is under enormous pressure; they clearly need us a lot more than we need them. They've stolen our money, our lives and our ideas long enough.

  31. The Fed playing checkers is like the tail wagging the dog. The head controls the adjustment not the adjustment trying to control the head. Points for Navarro.

  32. Trump haters lack imagination and vision same old gloomy outlook. How about this: Trump complete the Pan-American Highway in the Darian Gap between Colombia and Panama. This could very well create an economic boom throughout the Americas. Help stop the impoverish immigration from the south. American investment would improve relationships with its backyard neighbors. And lastly, win him many Latino votes. No more stupid wars only better trade. Save the planet. Love God.

  33. Go Trump, it's got to be done and the longer we wait the harder it will be. Even if the market drops or we have to pay more for goods, it has to be done.

  34. It’s sickening how many are trying to stop Trump from doing great for America. It’s time to remove the central bank system, they only want to keep us in debt anyway.

  35. PRESIDENT TRUMP HAS THE BRAINS & HEART FOR OUR COUNTRY ALL THE WAY, THIS IS A 100 %REAL AMERICAN PRESIDENT, SAD🖱️❗ OPPONENTS TRY TO PAINT A DIFFERENT UGLY PICTURE,

  36. Great, another republican prez destroying the economy. Dems always have to rebuild the country after GOP makes a disaster of everything. Trump's not even an economist, what would he know? Everyone knows trade wars never succeed, that's why they stopped that kinda stupidity decades ago. But Trump's fresh out of ideas and that's his plan and he's sticking to it.

  37. Trump can only lose at this stage, meanwhile he'll say he's winning over and over. LOL what a fool. The Chinese are eating him alive.

  38. Yes have the working class pay for it. Keep giving tax cuts to the wealthy and milking the tax payers 👍 the owners are happy.

  39. TELL THESE MOTHER FING DEMOCRAT DEMONS NO MATTER HOW MUCH CHAOS AND TROUBLE THEY MAKE WE ARENT GETTING ON OUR KNEES TO PRAISE THEM AND VOTE FOR THEM THEY CAN GO TO HELL

  40. China was all set to surpass the US economy around 2030 or so unless someone did something. Having a brutal communist dictatorship being depended on by the world economy is a bad thing. China censors all their media, ACTUALLY has concentration camps, locks up people of different religions, kills political opposition, and subverts democracies around the world. But apparently most every day liberals don't think they're so bad judging from the comment sections on CNN's videos on this subject.

  41. What would China do with all those workers that they brought out of the rice fields if we refused all the shipping containers

  42. The Chinese will see it President Trumps way because the world is tired of their junk and they must realize this soon.

  43. Guys did you see something? After tariffs rising then the stock went down and two days later spring up again that mean someone has been richer from this issue.

  44. Be good to see China bankrupt the USA, I hope they sell off the 1.1 trillion USA debt they own to places like Iran and Russia. Xi Ping is president for life, Trumps very survival and hopes for re election hinges on the deal being done, China can wait it out for as long as they have to.

  45. Maybe Trumps not trying to compel a business to stop doing business with China, but instead, warning businesses that trade with China might be closed and you should have suppliers ready to step in to fill the void. Trump is right to step in now before China takes over as the world economic power and holds the world hostage with their communist tactics.

  46. Everyone should take notice of disconnect between the comment section and the people making the video…..the people making the video, FoxNews, are a bunch of NeverTrumpers, that wanted Ted Cruz to win, and couldnt stand the idea of Trump being president…..

    dont forget that…..so when America is now successful, FoxNews not only didnt want Trump to be president, but they worked against him, just like this video does….

    There are people on CNBC(liberal channel) that say Trump is right about the interest rates and the Fed….but this video portrays it like Trump is being unfair, or doesnt have a valid point on the interest rates, they make it seem like Trump is a bully, regardless of him probably being right….

    its fake news….it purposefully leaves information out, to create a bias against Trump…..

    Just dont forget….they might be more honest than the liberal media, but not by much….

  47. Do not act like a Dictator Mr Trump ordering American Companies to leave China. Every action or reaction is by Trump alone not in close consultation with his fellow leaders. You Trump act like a Dictator will fall sooner than later like all nasty dictators the world over. Be warned Mr Trump!

  48. They’re don’t care……they’re don’t care…….get it?……. they’re have the Chinese people for human sacrifice seals

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