Trump says US Companies 'hereby ordered' to quit China
"Our great American companies are hereby ordered to immediately start looking for an alternative to China," Mr Trump tweeted earlier on Friday.
China's new tariffs will range between 5% and 10% and apply to more than 5,000 goods coming from the US.
Agricultural goods, crude oil and small aircraft are among the targeted items.
Mr Trump hit back, tweeting that $250bn of Chinese imports, currently taxed at 25%, would from now on be taxed at 30%.
Beijing also said it would revive a 25% tariff on US car imports that it lifted earlier in 2019 in a goodwill gesture as the two countries tried to negotiate a trade agreement.
Carmakers warned that the tax would put US jobs at risk.
And of course he's being ridiculed by everyone.
What an actual Socialist statement to make:
“A vote for any Democrat in 2020 is a vote for the rise of radical socialism,” Trump said at a campaign rally in New Hampshire last week, “and the destruction, the destruction of the American Dream.”
Trump’s colloquial use of “socialism” means, essentially, government social-welfare programs that cost money and don’t benefit his base. A July YouGov poll found that Republicans were more likely to see proposals such as free college education or universal health care as socialism — but less likely to apply that term to things such as Medicare or Social Security.
In reality, socialism is an economic system in which the public — generally meaning the government — controls production. (Which, Gallup found last year, Republicans are more likely to understand than Democrats.) In other words, a socialist system is one in which, say, an elected leader representing the public instructs how production should occur. By hereby ordering them to only produce in the United States, for example.
Demanding that manufacturers rejigger their supply chains means increased prices apart from the prices that have gone up because of tariffs. Trump has no power to make such a demand, of course. His tweet ordering companies to produce goods using non-Chinese suppliers not only lack legal weight, they essentially lack any weight whatsoever.
Good news for Trump, given his views on socialism.