25% from 10% Trade Tariff on China Begins As Talks Fail | US Backs Taiwan

https://www.youtube.com/watch?v=GZPIXP7qO0o

$200 billion of Chinese imports.

Top 10 items in U.S. imports from China facing tariff hike from 10% to 25%
ttps://www.bloomberg.com/toaster/v2/charts/7877f493e748426b9ec67f7ddebd3c7e.html?brand=politics&webTheme=politics&web=true&hideTitles=true

I'm gonna be pissed if my PC parts get priced higher. I was planning on buying a new rig once Ryzen 3 comes out...


China has a powerful financial-market arsenal for its trade tussle with America, including a hoard of Treasuries and its currency. But using those weapons is not without cost.

-Chinese policy makers could devalue the yuan to offset the impact of U.S. duties on China’s economy.

-China owns $1.1 trillion of U.S. government debt, more than any other foreign nation. If it pared back its holdings in that $15.9 trillion asset class, that could be a potent weapon.

-China, the biggest buyer of U.S. soybeans, has already slapped a 25% duty on them. Much of the crop is grown in Midwestern states that make up Trump’s electoral base, making its fate even more important to the president.


https://www.reuters.com/article/us-usa-china-taiwan-congress/u-s-house-passes-pro-taiwan-bills-amid-trade-tensions-with-china-idUSKCN1SE00T

The House voted 414-0 for a non-binding resolution reaffirming the U.S. commitment to Taiwan.


We all know how China thinks Taiwan belongs to them.