Trump is trying to bully China into submission, and China refuses to be bullied. Because China was ready for the fight; America obviously isn’t.
China refused to bend the knee and imposed an additional 84% tariff on US goods.
This is going to kill many US Farmers’ businesses.
China also instructed Chinese banks to halt all US Dollar purchases.
Trump’s trade war with China is now harming US pharmaceutical companies, aircraft manufacturers, car manufacturers, hundreds of thousands of small businesses, and every hardworking American.
- A real-world example: a company has a container of goods on the water at the moment that they were going to sell to a US retailer for around $130,000.
- When it left Shanghai, the duty was around $31,000.
- It’s now around $137,000 (with 104% tariff).
Small businesses around the U.S. are in shock.
Trump-loving billionaires are in shock.
Trump voters are in shock.
Even Fox experts are already admitting that Trump’s tariffs will result in price hikes.
Today, Peter Navarro and Elon Musk are fighting. Bill Ackman and Howard Lutnick are fighting. Dave Portnoy is taking on Clay Travis and Will Cain.
At least a dozen House Republicans are considering signing onto GOP Rep. Don Bacon’s bill to block Trump’s ability to impose tariffs unilaterally, accosting to reports.
Americans keep calling their members of Congress, demanding action to stop this self-inflicted Chernobyl of the American economy.