CHINA/TARIFFS/TAXES/TRADE WAR/TRUMP AS PRESIDENT: “President Trump threatened China with another round of punishing tariffs on Friday [9-7-18], saying he was prepared to tax essentially all Chinese goods imported into the United States if Beijing did not change its trade practices. The threat comes as the administration prepares to move forward with another round of tariffs on $200 billion worth of Chinese imports, including many everyday consumer products like electronics and housewares. His comments, made aboard Air Force One on his way to Fargo, N.D., signal that the trade dispute with China is unlikely to reach a quick resolution, despite concerns from many businesses that the tariffs could have devastating effects. The White House has already imposed tariffs on $50 billon worth of Chinese goods, and China has retaliated with a similar amount of tariffs on American products. Mr. Trump hinted on Friday that the next round of tariffs was guaranteed unless China agreed to his demands to more freely open its markets to American companies.”
–Alan Rappeport, “Trump Threatens Tariffs on All Imports From China, Escalating Trade Feud,” The New York Times online, September 7, 2018