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Capitalism: Begun the Trade War has
  • Trump signed a memorandum that directs U.S. Trade Representative Robert Lighthizer to determine whether an investigation is needed into alleged unfair Chinese trade practices. Shortly after Trump signed the directive, Lighthizer said his office will launch a probe and, "if needed, take action to preserve the future of U.S. industry."

    The move represents the first step in a process that could allow Trump to impose tariffs on Chinese imports or other punishing trade actions.

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  • U.S. companies are bringing new trade lawsuits against their foreign competitors with a scope and frequency not seen in more than 15 years, government documents show, as a wave of new complaints builds under President Trump.

    A Washington Post analysis of Commerce Department data found 23 new trade disputes initiated since January, making 2017 the busiest year for tariff cases since 2001. The new cases target trade between the U.S. and 29 counties, the most in any year since 2001. The cases include fights over Korean washing machines, Spanish olives, Chinese aluminum foil, Vietnamese tool chests, Argentine biodiesel and Canadian jetliners.

    The U.S. trade warriors include financially strapped solar panel manufacturers, downsizing Rust Belt steel plants and declining California olive farms.

  • The European Union, wonderful countries who treat the U.S. very badly on trade, are complaining about the tariffs on Steel & Aluminum. If they drop their horrific barriers & tariffs on U.S. products going in, we will likewise drop ours. Big Deficit. If not, we Tax Cars etc. FAIR!

  • U.S. President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports and will target the technology and telecommunications sectors, two people who had discussed the issue with the Trump administration said on Tuesday.

    While the tariffs would be chiefly targeted at information technology, consumer electronics and telecoms, they could be much broader and the list could eventually run to 100 products.

  • PHOTO: Trump consults with his Trade Advisors at the White House.

    Trump: First things is ... the beards must go! The Chinese might have bugs in your beards. Hello? testing 123? Next we have to put American TV sets back into Walmart. Like this ad shows... a 17 inch Motorola for $179. What a deal!


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  • @jleo

    Looks fun, but consequences will be quite grim.

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