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BREAKING: Trump Announces More Tariffs On China Imports

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Via Economic Policy Journal

This is a developing story. Return to this post for updates.

UPDATE 1

The tariff freak is at it again.

President Trump has just tweeted out:

UPDATE 2

Trade wars are just idiotic. Instituting tariffs only hurt consumers and retaliatory tariffs result in hurting businesses as well.

Consider:

U.S. soybean exports to China, the world’s biggest market, slumped in the first half to the lowest level in more than a decade.

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China imported 614,806 tons of soybeans from the U.S. in June, according to customs data. That brought first half imports to 5.9 million tons, the lowest half-year level since at least 2004, according to Bloomberg.

RW




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