China slaps tariffs on $75 billion of US products


>>Sandra: BREAKING NEWS IN THE TRADE WAR WITH CHINA, LEARNING THEY WILL RAISE TARIFFS ON $75 BILLION OF U.S. PRODUCTS. JOINING US NOW IS WHITE HOUSE TRADE ADVISOR PETER NAVARRO. THANK YOU FOR COMING ON THE PROGRAM THIS MORNING. OBVIOUSLY THE WHITE HOUSE WANTS TO PUT OUT A MESSAGE RESPONDING TO THE TARIFFS, WHAT IS THAT?>>THE PRESIDENT HAS DONE A REMARKABLE JOB PUTTING THIS COUNTRY BEHIND HIM ON THE CHINA ISSUE THE LAST FEW YEARS BY EDUCATING THE PEOPLE ABOUT CHINA’S ACTS OF AGGRESSION, THE FORCE TECHNOLOGY TRANSFER, KILLING AMERICANS WITH CHINA MADE FENTANYL. CHINA CONTINUES ACTIONS LIKE TODAY SIMPLY REINFORCES THE TOUGH STAND THAT THIS PRESIDENT TAKES. FROM A MARKET POINT OF VIEW, IT’S NOTHING THAT THEY ARE WELL SIGNALING, REALLY IMPORTANT TODAY AND TOMORROW, IF JAY POWELL AND THE FEDERAL RESERVE ASSURES AMERICA THAT HE HAS THEIR BACK, IT WILL FINISH UP THREE OR 400 POINTS. THE EUROPEAN CENTRAL BANK FOLLOWS THROUGH ON THE PROMISE TO LOWER INTEREST RATES AND ENGAGE IN EASING AND THAT’S GREAT FOR AMERICA BECAUSE A STRONGER EUROPE WILL MEAN MORE EXPORTS SOLD TO EUROPE AND MORE GROWTH FOR AMERICA, THERE ARE SOME THINGS THAT ARE GOING TO BE REALLY IMPORTANT.>>Sandra: TWO BIG THINGS I WANT TO BRING YOUR AUDIENCE ALONG WITH YOU. WE ARE 14 MINUTES INTO TRADING, THE DOW IS OFF 91 POINTS, NOT A HUGE LAUGH. NOT A HUGE REACTION TO THE NEWS BUT I WANTED TO POINT OUT AND GET SOME CLARITY ON THIS BECAUSE THEY UNDERSTAND THAT YOU LEARNED OF THIS SLAP BACK FROM CHINA THIS MORNING ABOUT THE SAME TIME THAT WE ALL DID ALTHOUGH YOU WERE ANTICIPATING IT, IS THAT FAIR?>>THE CHINESE SITE HAD CLEARLY SIGNALED TO US THAT THEY WOULD RETALIATE IN SOME WAY. THE PROBLEM THAT THEY HAVE IS WE HAVE A FAR MORE BULLETS IN ARGONNE THAN THEY DO. THEY TELL US CLOSE TO $6 BILLION IN EXPORTS AND OURS IS A LITTLE OVER 100.>>Sandra: WHAT DOES THAT SAY ABOUT HOW FAR THIS BATTLE, THIS TRADE WAR COULD GO?>>THIS IS NOT A TRADE WAR. IT’S WHEN TWO COUNTRIES ARE FIGHTING OVER LOWERING THEIR TARIFFS. BUT WHAT WE ARE FIGHTING ABOUT IS TO HAVE THEM STOP STEALING YOUR INTELLECTUAL, TAKING OUR TECH TECHNOLOGY, MANIPULATING CURRENCY AND HAVING THEIR STATE OWNED ENTERPRISES RAMPANT AND AROUND THE WORLD.>>Sandra: THAT IS COMPLETELY FAIR AND YOU’RE GETTING CREDIT FROM BOTH SIDES OF THE AISLE FOR THAT. REPUBLICANS, DEMOCRATS, A TOUGH STANCE ON CHINA, MANY SAYING IT IS TIME BUT EVEN THE FARMERS WHO SAY WE BACK THE PRESIDENT ON THIS PUSH ON CHINA ARE TALKING ABOUT THE PAYMENT THEY ARE FEELING AND IN THIS NEWS, THIS ANNOUNCEMENT FROM CHINA, IT’S AN EXTRA 5% ON SOYBEAN IMPORTS, IT’S AN EXTRA 10% TAX ON THE IMPORTS OF U.S. PORK. THEY MET PRESIDENT HAS THE BACKS OF THE AMERICAN FARMERS, THEY WILL NOT BE HURT. WE HAVE A LARGE PROGRAM TO MAKE FARMERS HOLE, AND WE ARE USING SOME OF THE MONEY COLLECTING THE TARIFFS AND IT GOES RIGHT TO THE FARM BELT. THE BIG PICTURE HERE IN TERMS OF MACROECONOMIC EFFECTS IT IS WE’VE HAD TARIFFS IN PLACE FOR OVER A YEAR, WE KNOW THAT CHINA IS BEARING THE BURDEN OF THOSE TARIFFS BY HAVING TO CUT THEIR PRICES, CUT THE VALUE OF THE CURRENCY, SEEING THEIR SUPPLY CHAIN HEMORRHAGE OUT OF CHINA COMING BACK HERE GOING TO VIETNAM OTHER PLACES AND WE HAVE SEEN NO IMPACT ON CONSUMERS. SO THE PEOPLE IN THIS COUNTRY ARE BEHIND PRESIDENT DONALD TRUMP WITH HIS TOUGH STAND ON CHINA.>>Sandra: NOW HE MAKES HIS WAY TO FRANCE TONIGHT, THE G7 MEETING WITH THE PRESIDENT’S MESSAGE THERE.>>THE MESSAGE IS SIMPLY THAT THE TRUMP ECONOMY IS BASED ON A GREAT MODEL. TAX CUTS, DEREGULATION, UNLEASHING THE ENERGY SECTOR AND HAVING FAIR AND RECIPROCAL TRADE AND THE PRESIDENT WANTS TO SHOW SOME LEADERSHIP THERE IN TERMS OF MOVING EUROPE TOWARDS THAT PARADIGM AFTER THE G7 WAS CREATED TO BRING TOGETHER THE LARGE ECONOMY TO TALK ABOUT HOW TO GROW. SOME OF THE INDIVIDUAL THINGS AND I LOVE WATCHING THIS PRESIDENT INTERACT WITH THESE LEADERS, BORIS JOHNSON, GOING TO BE IMPORTANT BY OCTOBER 30TH THAT WE HAVE A RESOLUTION OF BREXIT. THAT MEANS WE’LL BE ABLE TO MOVE SWIFTLY TOWARDS TRYING TO GET A GOOD TRADE DEAL WITH THE U.K. THE GERMAN ECONOMY, IT’LL BE INTERESTING TO HEAR WHAT THE GERMANS HAVE TO SAY ABOUT THAT.>>Sandra: LET ME FIRE OFF A COUPLE OF THINGS, WILL THERE BE A TAX CUT BEFORE THE ELECTION, LARRY KUDLOW SEEMED TO HINT THAT ONE.>>FROM THE MOMENT THE FIRST TAX CUT WAS DONE, WE’VE ALWAYS ENVISIONED TAX CUT YOU POINT OUT NOT AS A MANEUVER WORRIED ABOUT SLOWDOWNS, BUT SIMPLY TO GET THE TAX CODE RIGHT, THE CORPORATE TAX STILL HIGHER THAN WE LIKE, SO I DON’T KNOW WHETHER WE WILL HAVE A TAX CUT BEFORE THEN. IT WILL BE VERY DIFFICULT WITH THIS CONGRESS.>>Sandra: IT’S BEING CONSIDERED THOUGH.>>MY POINT IS THERE’S NOTHING NEW ABOUT THAT. WE HAVE ALWAYS TALKED ABOUT 2.0 BUT IT SHOULDN’T BE INTERPRETED AS A SIGN THAT THE ECONOMY IS STRUGGLING. WE HAVE A VERY STRONG ECONOMY. I HAVE FIVE SECONDS LEFT.>>FED CHAIRMAN DOES THE RIGHT THING INSTEAD OF DRAGGING US DOWN 2% LIKE THE FED IS DOING SO LET’S GET IT DONE, JAY POWELL, HAVE AMERICANS BACK AND IT WILL ALL BE GOOD.>>Sandra: WE WILL HEAR FROM

100 thoughts on “China slaps tariffs on $75 billion of US products

  • We used to make all this stuff, and it lasted long the china crap, BRING BACK OUR FACTORIES, I don't even care if they cut there taxes by half, it gives American people good jobs and health benefits. It's about we the people living a good life,

  • THATS OK AMERICANS DON'T WANT THERE HORRIBLE STUFF THEY MAKE THAT BREAKS SOON AFTER YOU GET THEM. THEIR CLOTHING FALLS APART SOON AS YOU WASH IT!!!! THEY BELIEVE IN THROW AWAY THINGS THAT BREAK AND BUY ANOTHER ONE. DON'T TRY TO FIX THEM!! THAT WAY WE HAVE TO SPEND MORE MONEY WITH THEM!!!!!! NOW DOES THAT MAKE SENSE?????? THEY OFFER US TRASH!!!!!!!!!!!!!!! THEY HATE US!!!!!!!!!!!!

  • Only GM and Coca Cola really Cares.
    Pig production in China has been devastated by disease..(less soy required to feed a dead pig population).. So they are clearly desperate .. when they cut back Pork imports.

  • Better hope there's not a recession. Fed interest rates are still extremely low from the last one and the budget deficit is already at deep recession levels. Not much left in the rainy day fund.

  • Friday at 11AM, I was looking at $AMD and it went on free fall for no apparent reason. Went to look at $AAPL, same thing. Thought it was some tech news, went to other sectors, same thing. Day completely ruined, went surfing the Web, eventually found out about Trump's tweet. Couldn't have the decency to tweet after hours to allow the market to absorb the news, the Chinese were far more decent putting their news early in the morning. With this idiot of a president, who needs foreign enemies.

  • BoJo = Boris Johnson, wow, somebody is a genius… BO 4 Boris…. JO 4 Johnson… OMFG!!!!!!!!!!!! -we be so smart politicos, lets us cover ourselves in French Champagne… On a light note, The PM of China has a permanent smile whenever with the POTUS, why?

  • 看了一下评论,美国老百姓真愚昧,被新闻和政客骗得团团转,就算把关税提上天,工作岗位依旧不会回到美国,只会去到其发展中国家。更重要的是在其他发展中国家为你们提供廉价产品的依旧是中国公司。最后你们只会用到品质更差,价格更贵的商品。 god bless china。

  • Funny when Obama helped GM. Republicans were outraged due to bail outs. Now Trump is Giving bail outs to Farmers. Yet, I don’t here any outrage due to Trumps bail outs.

  • Is this criminal communistic chinese regime now completely crazy. Good thatTrump strikes back. Trump2020🇺🇸

  • Open your wallets America, the moron in chief is escalating the trade war. Get ready for your pink slips, because they are headed your way. Remember when this pile of cr** in the white house sold you on how easy trade wars were to win? Remember when he said China was paying the tariffs? Remember when he said Mexico was paying for the wall? Remember when the wall was a wall and not a fence? Keep drinking the Kool-Aid kids. Your" King of Israel" or "Chosen one" will lead you down the garden path and into the pit of a recession, just like the republicans have done 9 times since WWII. The only good news in all of this, is this will be the end of the GOP. They are starting to see it and that is why you are seeing a little more dissent in the GOP, but it is to little to late. Ignorance will be their demise.

  • Thanks trump for adding peril to our already fragile economy. Do you even know what your doing? Your a business embarrassment

  • Turn our soybeans to diesel fuel and let them starve. We can sell the biodiesel on the world market as a renewable fuel at a premium to all of those Green warriors for electric generation.

  • America stays strong 💪! It’s a critical time for Supporting our President Trump administration more tariffs on Commie China🇺🇸🇺🇸🇺🇸 until having the fair trade MAGA KAG 👍👍👍👍👍👍

  • I do not believe what the farmers say, How can they be losing money when the cost of food has gone up so much? Where does all the extra money go? We export food and I'm sure there are plenty of countries to take it.

  • Xi will starve his own people without reprisal. Trump can't win this trade war. If there's a US recession It's Trump's recession. Period.

  • I rather buy and pay tax for American products than buy cheap unreliable products from china. Chinese communist so greedy to invade all the land from other countries. It is time to bring chinese communist down.

  • Tariffs on 70 bill compared to tariffs on 500 billion? Wooptydo. There are plenty of countries who will pay for our corn.

  • Somebody needs to pull the audio prompt earbuds from her ears, she can't withstand their truculent party-line retoric.

  • The Chinese are an arrogant, uneducated, foolish, and stubborn people. They will never again be a super power. Not since the time of the mandarins, when China ceased to be great, they're still on the downhill slope.

  • Wow, watching this entire video… It's no wonder no one wanted a woman president, Do women ever shut up? He's your guest let him speak.

  • I can not stand this disrespectful "reporter". She never lets anyone finish speaking! Always has to interrupt them!

  • This is all real Socialism. Government control of what and where people buy stuff without price competition. The government controlling where companies do business. It didn't work in the Soviet Union and it will fail here in the USA. Let consumers and companies do business where they choose. America can compete with anyone on quality or price. Lots of companies like Apple already do it vey well. Trump Socialism is a slippery slope towards shoddy, expensive merchandise. It's an invitation for Black Markets to thrive.

  • Are the Chinese serious?
    They export 80% of their stuff to the United States…
    We import 20% from them… who needs who more?
    Cut off ALL Chinese exports to this country, from ALL sources, and wait the rat bastards out.
    Let them poison their OWN people for a change…

  • Let's go back to making our in washers and dryers, fans, microwave, exct.
    Made in the US is better quality.

  • I can see more and more similarity between this orange head lunatics and my elderly residents in my dementia ward…

  • Just cut off all Chinese imports. Everything. Including cheap postage their sellers get that Americans don't. China is already broke, lets end this commie nightmare now without a shot.

  • Most of the junk we buy at The Dollar Tree is from China. It comes in to the Port of Los Angeles on huge ships. The Dollar Store Corporate Headquarters writes the check to the Treasury in D.C. The Chinese don’t pay it. This is the Tariff. President Trump is a liar.

  • I think a lot of people forget that while China might be the biggest market on the planet…for China AMERICA is the biggest market. And unlike America the only thing China is sulf sufficient in is manpower. So they would lose any trade war with America because they NEED…NEED…America to buy it's products.

    Would bet good money that the Chinese are slapping the knees every night hoping that Trump doesn't win again next year.

  • Fear mongering Fox News thinks we need cheap crap from China. We only buy it because it's not made elsewhere. We'll make it here again… Problem solved! Why have guests on when you want to talk right over them? Sandra has to get those DS talking points in.

  • It's easy for trump to win the trade war. Since Greenland was not for sale so why not buy china. If trump buyes china he will manufacture his own crap and make money. And for the rest of the world it doesn't matter because both countries are already making crappy products.

  • Here's your crap back Ghina. You'll never be the boss get over it. USandA #1🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

  • We hold the gun, with LOTS more bullets on this, this benefits this country ten fold
    When America is strong, the world follows in the same way
    Important we remain the leaders all around
    Infrastructure needs American product, period
    Wouldn’t hurt companies to come back and employ THEIR own
    Farmers and blue color like Trump, why, making more money

  • Sounds like a good plan to me. Talk about getting back to buying American and supporting America. This will help the cost of American products drop

  • The orange clown is going to wreck the great economy Obama built – maybe Mexico will bail us out (indirectly of course).

  • The woman blabbing about thr effect of tarriffs, is more intrested in hearing her talk cutting off her guest. Shes doing her job yes, but shes does so at the expense of her anners

  • The US sold out to China 47 years ago – a large amount of debt that the US Government owes is to China who have been buying our debt. All China has to do is ask for their money back and the USA is officially broke. We had plenty of Presidents who did not care about getting out of this situation, and now we have someone who does care. There appears to be no strategy on our Presidents part other than to inflict as much economic pain on China as he can. Their answer is to inflict maximum pain on USA consumers before election. Xi is President for life.

    Mr. Trump has had nothing but a string of failures. The only bright spot was a tax bill. And that did not work out as planned. That is because your grandchildren will end up paying for a small economic bump now. China is still buying even more US debt. And we have a growing uptick in inflation to erase any positive from the tax bill. Are you "tired of winning"?

    The President says that he would like to buy Greenland. Denmark spends 600 million dollars a year to keep Greenland "solvent". It might make military sense, but not economic sense. Anyone notice not much in the Trump Administration is getting done except that Mr. Trump spends enormous amount of time keeping himself in the daily news?

    And the middle class working person is in a tighter position than ever before, with all the plants that Mr. Trump promised would stay open – closing and moving off shores. He may be a popular personality, but he is not leader material. Did he also promise to release his taxes once elected. Yes. Yes, he did.

    Mr. Trump is making money off of the people in foreign countries he is dealing with in behalf of the American people. I thought Bill and Hillary were outrageous in that regard. Whole floors of suites in Mr. Trumps properties get bought out by Saudi royalty, whenever they want to catch Mr. Trump's ear. Who else is doing this? And, then, wouldn't it be logical that ALL Presidents have to disclose ALL business that was done while they were supposed to be working for the American people? Why wouldn't it be necessary to understand where and from whom people earn their money – if they intend to run for public office to do public good? Why would anybody accept this as normal in their political leaders?

  • The Trumpian ERROR ERRA ERA 

    The fall of Twitter's Bableonanon again.

    Erra is an Akkadian plague god known from an 'epos' of the eighth century BC. 

    Erra is the god of mayhem and pestilence who is responsible for periods of political confusion.

    The epic poem opens with an invocation. The god Erra is sleeping fitfully with his consort but is roused by his advisor Išum and the Seven, who are the sons of heaven and earth—"champions without peer" is the repeated formula—and are each assigned a destructive destiny by Anu. 

    Machinist and Sasson call them "personified weapons". 

    The Sibitti call on Erra to lead the destruction of mankind. 

    Išum tries to mollify Erra's wakened violence, to no avail. 

    Foreign peoples invade Bableonanon again, 

    but are struck down by plague. 

    Even Marduk, the patron of Bableonanon again, relinquishes his throne to Erra.

  • Wait a minute so, China buys American products? So, we buy and sell to China? Then what's the problem I thought we only bought from China.

  • GE washers are made in America, and owned by Haier, a major Chinese company. If companies were smart they would just globalize with their hands in both cookie jars.

  • China treat their domesticated animals and wildlife like crap not to mention of course their people. Xi Ping whatever his name changed their constitution so he could remain in power for the remainder of his life. Every country that has communism has a dictator in power who severely oppresses the people. Communism NEVER works. Ardern is very dangerous to NZ. And China is inching its way in over in Australia and NZ. These leaders will not stop until they are stopped.

  • Fox news cant understand for the life of them why america deserves fair , reciprocal trade…. globalist shills.

  • Good! They should be paying more for our products, since all they sell is junk. And I am sick and tired of the war mongering media referring to it as a trade WAR. It is a negotiation between two Countries, and we just happen to have the best negotiator. Which we all know, chaps your asses.

  • This is a trade war. China did not retaliate they put the stop on US products. Brexit is a blessing to the EU more jobs moving over.

  • Be fair, trade cannot be separated from human rights when dictatorship regime vs democracy counties. If you care about people who pursue freedom and democracy have been tortured in prison, can you enjoy the benefit from trade with China, price advantage from China ? Material wealth is guilty under this circumstance !

  • Chinese products are so crappy. If we could ban their products we would have way better longer lasting quality products.

  • Who cares.. they only buy one of each product so they can duplicate it and sell the poorly made copyright infringed products back to the world….

  • If Americans were to simply stop buying Chinese goods and anything to do with China, that country would go through a major collapse. It wouldn't starve although it certainly wouldn't be the same China it is in 2019

  • This B l T C H is so [email protected]#$ing clueless it's pathetic. Why doesn't she just tell us she doesn't have a BRAIN CELL to call her own. Chinese are like Razor Slicing themselves & need as much Therapy as the Chinese! MASOCHISTIC to the MAX! haha…. "duh… see? Duh Which way did they go Duh… Which Way did they Go? As they are the ones only hurting themselves more not us! DUMBOCRATS…. like her & her Cronies haven't an F'ing Clue!

  • I don't know why anyone would give this newscaster the time of day. She's extremely rude and doesn't let him answer the question. She thinks what she has to say is more important than what he has to say.

  • Instead of putting tariffs on Chinese goods why doesn't the U.S. just subsidize all those sectors that it accuses China of subsidizing? Then it would mean low prices for the consumer and an even level playing field. Oh wait, all those 800+ U.S. military bases around the world cost money to maintain.

  • So what about all of these chinatowns we have in every major city? Are they gonna start getting evicted or will it be business as usual?

  • When does China buy anything from the USA? They do is assemble electronics and sell cheap electronics over eBay. I know they sell more but they don't buy any of our rescources nor products.

  • We need the World to Support Busting up the " Made in China " Cartel. China needs the World to buy their goods. Without that the Paper Dragon Falls to the Ground. Its a Worldwide problem not just a US Problem.

  • Why did she cut him off when he was explaining what China is doing to our country??? I wanted to hear what he had to say…..

  • I have done my level best to avoid buying “made in China” years ago. I hope 🤞 others would do the same. Buy American if possible, I know it’s hard to research everything but try as much as you can.

  • China just puked in Canada's mouth ,buy pork and soy from Canada ,we can throw China to the trash heap,where they belong.

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