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13 April 2018, 01:30 | Nina Hammond
US President Donald Trump talks with reporters in the Oval Office of the White House
Trump's warning to Russian Federation about U.S. striking Syria following the alleged chemical weapons attack in the country, last week, increased demand for the greenback. The U.S. bought more than $500 billion in goods from China past year and now is planning or considering penalties on some $150 billion of those imports. "And in the end, they're going to be much stronger than they are right now". The U.S. sold about $130 billion in goods to China in 2017 and faces a potentially devastating hit if China responds in kind.
President Donald Trump is complaining about "STUPID TRADE" with China, saying that Chinese tariffs for USA cars are much higher than US tariffs for Chinese automobiles.
Trump has said he wants to use the military at the border until progress is made on his proposed border wall, which has mostly stalled in Congress.
China last week announced $50 billion worth of tariffs on American products including soybeans and pork in retaliation for Trump's plan to impose duties on 1,333 Chinese products. Known as a national security hawk, Mr. Bolton has in the past urged military action against governments in Iran and North Korea to counter their nuclear weapons programs, and he remains a staunch defender of the 2003 invasion of Iraq to topple Saddam Hussein.
Trump made the remarks at a cabinet meeting where he also acknowledged the two sides were in talks to prepare for the meeting.
Farm-state lawmakers said Thursday after a White House meeting with Trump that he had given that assignment to his trade representative, Robert Lighthizer, and his new chief economic adviser, Larry Kudlow. So that will be very exciting, I think, for the world.
President Donald Trump has asked trade officials to explore the possibility of the United States rejoining negotiations on the Pacific Rim agreement after he pulled out a year ago as part of his "America first" agenda. On Friday, Treasury Secretary Steven Mnuchin said "there is the potential of a trade war", but that he hoped it wouldn't come to that. Rather than waiting weeks for the USA tariffs to be implemented, Trump backed a plan by Robert Lighthizer, his trade representative, to seek the enhanced tariffs. The U.S. Treasury Department is working on plans to restrict Chinese technology investments in the U.S. And there is talk that the U.S. could also put limits on visas for Chinese who want to visit or study in this country.
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