Thursday, December 27, 2018

China cuts tariffs on 700 more items

American Thinker.

This is the third round of tariff cuts this year. China said that it's part of its efforts to open up the economy and lower costs for domestic consumers. That's true. But the decision was made because of pressure from Trump.

Trump. Not Obama. Not Bush II. Not the Clintons, Not Bush I, Not Ronald Reagan, Not Carter.

The rate cuts are temporary indicating they are a bargaining chip for discussions with Trump administration.

A few more words at the link. And comments there are pure art.

1 comment:

edutcher said...

Saw on Gateway how the Fed's clowning around is actually getting ready to do more damage to Red China.