China will place tariffs on U.S. goods beginning Sunday


ELIMINATE ALL SMALL SUB, SHAMPOO AND CONDITIONER BOTTLES FROM ITS ROOMS ACROSS THE GLOBE. THEY SAY THEY WILL DO SO BY THE END OF NEXT YEAR. >>>AND FORTNIGHT STAR TYLER NINJA BLEVINS HAS SIGNED A NEW MULTIYEAR DEAL WITH ADIDAS AFTER SPLITTING FROM TWITCH. THERE AREN’T ANY SHOES OR CLOTHING FOR SALE GET. THE AGREEMENT COULD RESULT IN PRODUCTS WITH PHYSICAL AND DIGITAL WORLDS. >>>THIS SUNDAY, THE U.S. WILL IMPOSE THE FIRST ROUND OF TARIFFS ON $300 BILLION WORTH OF CHINESE GOODS. WITH EVERY AMERICAN CONSUMER ABOUT TO POTENTIALLY TAKE A FINANCIAL HIT FROM RISING PRICES, WILL THAT DUE TO OUR ABILITY TO SAVE? JOINING US NOW IS BILL HOAGLAND. THE SENIOR VICE PRESIDENT AT THE BICE PARTISAN POLICY CENTER. HE IS PART OF FUNDING OUR FUTURE. AN ORGANIZATION WE FEATURE EVERY WEEK HERE ON YAHOO FINANCE. BILL, WELCOME. I WANT TO POINT OUT THAT YOU WROTE AN OP-ED IN USA TODAY WHERE YOU POINT OUT YOUR CONNECTION TO THE AGRICULTURAL INDUSTRY, THE SOYBEAN FAMILY FARM IN INDIANA. AND OBVIOUSLY YOU HAVE SEEN SOME DIRECT EFFECTS OF THE TRADE WAR. FIRST OF ALL, LET’S TALK ABOUT THAT FOR A MOMENT BEFORE WE BROADEN IT OUT. I’M CURIOUS, WHAT EFFECT IT HAS HAD ON YOUR FAMILY AND THE FOLKS WHO WORK THERE ON THE FARM. >>WELL YES. THANK YOU. GOOD TO BE WITH YOU THIS AFTERNOON, JULIE. I GREW UP ON A FARM. A FAMILY FARM THAT HAS BEEN IN THE FAMILY FOR OVER 100 YEARS. IT IS CALLED HOOSIER HOMESTEAD FAMILY FARM. IT IS NOT A LARGE FARM. A COUPLE HUNDRED ACRES OUT THERE. I HAD FOUR BROTHERS, MY OLDEST BROTHER CONTINUES TO FARM IT. WHAT YOU’RE LOOKING AT ON THIS PICTURE RIGHT NOW IS A FIELD OF SOYBEANS THAT WE GROW ON THE FARM. SOYBEANS OF COURSE HAVE BEEN A BIG ISSUE IN THIS TRADE WAR AND SOYBEANS HAVE BEEN A BIG IMPORT INTO CHINA OVER THE LAST MANY YEARS. AND LITERALLY, BEGINNING LAST YEAR IN 2017, WHEN THE FIRST TARIFFS WERE PUT IN PLACE, IT WAS A [NULL]-FOR-TAT IF YOU LIKE IN TERMS OF THE CHINESE SAYING THEY WOULD STOP PURCHASING SOYBEANS FROM THE UNITED STATES. AND LITERALLY, SINCE 2017, WHEN IT HIT A HIGH MARK IN TERMS OF EXPORTS TO CHINA FOR SOYBEANS, SOYBEAN EXPORTS TO CHINA HAVE DECLINED 75% FROM THE UNITED STATES. THAT IS A HUGE REDUCTION IN PRODUCTION AGRICULTURE IN THE UNITED STATES. AS A CONSEQUENCE, INITIALLY, THERE WAS A MAJOR DROP OFF IN THE PRICE OF SOYBEANS. AND GOOD PRODUCERS IN AGRICULTURE PRODUCING STATES WILL CONTACT I HAD. IT COULD AVOID SOME OF THAT DROP OFF. BUT AS WE GO FORWARD INTO ANOTHER ROUND OF THIS, WE CONTINUE TO HAVE THIS UNCERTAINTY. MORE DIFFICULT THIS YEAR FOR MY FAMILY FARM WHERE I GREW UP, IT IS WE HAD A VERY WET SPRING. AND SO THERE WAS A DELAY IN PLANNING. A LARGE DEGREE OF HOLDING BACK AND PLANNING. AND AS A CONSEQUENCE, THE PRODUCTION AT THIS PARTICULAR STAGE IS WHEN THE PODS ON THE BEADS WERE BEING PRODUCED. THEY ARE NOT PRODUCING QUITE AS WELL BECAUSE OF LATE PLANNING. AND THAT WILL REDUCE THE PRODUCTION. SO ALL OF THIS IS ADDING TO THE STRESS THAT IS IN THE AGRICULTURE SECTOR. THROUGHOUT THE MIDWEST AND INCREASING THE NUMBER OF CHAPTER 12 FILINGS OF FARMS GOING OUT OF BUSINESS. IT IS AN IMPORTANT ISSUE. >>IT IS. IT IS AN ISSUE THAT MORE AMERICANS ARE GOING TO NOW BE FEELING AS WE SEE THE NEXT ROUND OF TARIFFS GOING INTO EFFECT ON SEPTEMBER 1. THUS FAR, WHEN YOU TALK TO ECONOMISTS, THEY HAVE SAID THAT THE EFFECTS COULD BE NOT HUGE AT THIS POINT. BUT WHEN YOU’RE LOOKING AT PEOPLE’S ABILITY TO SAVE, HOW DOES THIS AFFECT THAT? >>OF COURSE IT ADDS TO THE UNCERTAINTY OUT THERE. WE SEE THE VOLATILITY IN THE STOCK MARKET. WE SEE THE UNCERTAINTY GOING FORWARD. IT CREATES UNCERTAINTY FOR WHAT YOUR SAVINGS ARE GOING TO RETURN. THAT YOU’RE PUTTING IN. WE HAVE SEEN RIGHT NOW, WE SEE VERY LOW INTEREST RATES. I THINK WE HAVE HIT TODAY THE LOWEST 10 YEAR RATE IN ALMOST, IN MANY YEARS. SO THIS UNCERTAINTY THAT IS CREATED BY ALL OF THIS VOLATILITY MAKES IT DIFFICULT FOR SAVERS. I TAKE THE POSITION THAT PARTICULARLY FOR THE YOUNG PEOPLE, FOR MILLENNIALIST, REMAIN CALM. YOU ARE IN FOR THE LONG-TERM. IF YOU’RE HERE FOR RETIREMENT, IN THE EARLY STAGES OF YOUR LIFECYCLE IN TERMS OF WORKING TO CONTINUE TO SAFE, CONTINUE TO MOVE FORWARD. RIDE OUT THIS VOLATILITY. OVER THE LONG-TERM, YOU WILL BE BETTER OFF BY JUST REMAINING COMMENTS NOT MAKING RUSTIC DECISIONS TO MOVE YOUR SAVINGS AROUND. STAY SAFE GOING FORWARD. FOR THOSE WHO ARE CLOSER TO RETIREMENT, I WOULD SUGGEST, I AM NOT A FINANCIAL ADVISOR BUT I DO HAVE ONE MYSELF. I WOULD STRONGLY RECOMMEND TO TALK TO YOUR FINANCIAL ADVISOR. YOU MIGHT WANT TO REBALANCE BUT AGAIN, REMAIN CALM. WE HAVE VOLATILITY. WE WILL HAVE VOLATILITY. BUT REMAIN CALM. WE BALANCE YOUR ASSETS AND MAKE SURE THAT THEY ARE SAFE GOING FORWARD. IT IS A CONCERNING PERIOD. BUT OVER THE LONG-TERM, I BELIEVE PEOPLE ARE BETTER OFF TO JUST CONTINUE TO SAVE AS BEST AS THEY CAN. THEY HAVE TO CUT BACK ON SOME OF THEIR CONSUMPTION. I DON’T KNOW. BUT MAYBE A LITTLE LESS COFFEE CONSUMPTION. BUT DON’T PANIC. ITHINK THAT IS THE MESSAGE I WOULD COMMUNICATE. >>SO IF YOU WERE TO HAVE AN OPPORTUNITY TO MEET MR. TRUMP, WHAT WOULD YOU TELL THEM, BEING A FARMER YOURSELF? >>WELL, I WOULD TELL THEM PROBABLY THAT, LET’S BE FAIR ABOUT THIS. THE AGRICULTURE FARMERS ARE BASICALLY PATIENT PEOPLE. THEY HAVE TO BE. THEY DEAL WITH THE WEATHER. THEY DEAL WITH INSECTS. IT IS JUST A VERY DIFFICULT OCCUPATION. IT IS OVER THE LONG-TERM. THEY ARE PATIENT. THEY WILL REMAIN PATIENT. BUT I WILL SAY THAT IF THIS TRADE, THIS [NULL]-FOR-TAT CONTINUES, IF WE CONTINUE TO HAVE MORE TARIFFS THAT ARE RETALIATED AGAINST, HITTING THE AGGIE SECTOR, I THINK THE CHINESE ARE VERY CLEVER IN THIS REGARD. THEY ARE LOOKING SPECIFICALLY AT WHERE THE RED STATES ARE. THOSE ARE THE PRODUCTION STATES. AND THEY ARE SENSING THAT THEY MAY HAVE SOME ABILITY TO IMPACT IT BY HURTING THAT PARTICULAR SECTOR. I WOULD SAY TO THE PRESENT, I WOULD SAY YOU HAVE TO GET TO THIS THING RESOLVED QUICKLY. PROVIDES SOME ASSURANCES GOING FORWARD. TO GET US BACK IN THE MARKET. I WILL ALSO SAY, UNFORTUNATELY I WOULD HAVE TO SAY TO THE PRESIDENT, I THINK THE DAMAGE HAS BEEN DONE. I, I AM GOING TO CONNECT SOMETHING HERE THAT MAYBE I SHOULDN’T BUT I WOULD SAY THE FACT THAT THE BRAZILIANS ARE BURNING THEIR RAIN FOREST FOR THE PURPOSES OF INCREASING THE PRODUCTION LAND, THEY ARE GOOD SOYBEAN PRODUCERS. THEY CAN COME IN AN

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81 thoughts on “China will place tariffs on U.S. goods beginning Sunday

  1. One that is seldom talked about is US companies in China are generating revenue of over $350 billion annually (and with profit generated growing at 11% compounded yearly) selling to the Chinese market, and US service trade surplus with China of $50 billion. Combined greater than the merchandise trade deficit of the US vs China.
    Other Chinese, Asian and European companies are waiting to take over these when the time comes for China to squeeze these two sectors.

  2. Save ? xahxahxahaxhxahaxhaxhaxaxhxahaha Ability to Save axhaxhaxhxahxahxah( NEGATIVE INTEREST RATES) SAVE ? WHAT ARE YOU SMOKING MADAM, GIVE ME SOME OF THAT STUF.

  3. China will place tariffs on U.S. goods beginning Sunday
    Great! Super! Fantastic! Now if someone can explain to me what American's selling goods to communist could be seen as a good idea in the first place.
    Me I rather not give the bad guy's the time of day, never mind trade with them….it is 'stolen goods' after all…
    What did you think they did with all that stolen intellectual property teft…that's right…only try to sell it back to you…dumb!!!!!

  4. China will place tariffs on U.S. goods beginning Sunday
    Great! Super! Fantastic! Now if someone can explain to me what American's selling goods to communist could be seen as a good idea in the first place.
    Me I rather not give the bad guy's the time of day, never mind trade with them….it is 'stolen goods' after all…
    What did you think they did with all that stolen intellectual property teft…that's right…only try to sell it back to you…dumb!!!!!

  5. The most disheartening thing about all of this is that we tried to get Trumpers to not screw themselves, but they were arrogant and called us libtards and other foul and nasty things for caring about them. I feel helpless as I sit back and watch all of this crap occur that us Democrats all saw coming. It’s frustrating that Trump supporters do NOT get why we called them stupid. They basically shot themselves in the foot and then gloated about it. Smdh

    You may have lost your farms and your livelihood, but look at the bright side…
    At least your president isn’t a woman who sends e-mails, right? I don’t know whether to laugh or cry anymore.

  6. Every lion king will one day lose its crown to another. The sad part will be to see the ugly death of the has-been struggling to keep its crown.

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  8. But tariffs on Chinese goods will affect a much bigger percent of people, their customers mainly being meddle and low clasd

  9. I don’t feel sorry for the farmers at all. They knew from years ago that trump wasn’t going to let the chinese to continue to steal. And majority companies knew that they were expected to move from China so if they go out of business oh fuckin well. For the past few years farmers were the problem, this issue has been around and will continue if they keep crying. Grow something else. The Chinese won’t stop stealing it’s in their culture to steal

  10. Don't panic!! Famous last words… the president has just steered us into an iceberg and we're taking on water… hope you paid attention during swimming lessons.

  11. it's not China alone buying less American products.. .. others country also did the same…. where American products going to ….own use.

  12. 🔴 Watch "American Factory" Netflix. I dare you.
    You'll see what Chinese think of Americans.
    Call us Stupid, lazy, donkey, ect.

  13. With Hillary we would have made all the money we lost or used in 2008. And still have good standing in the world. With lord baldamore you sink….

  14. China has already sourced soya beans, gingsen, lobsters andther products from other countries and probably at better prices. Consumer is king. China knows it and will develop other sources. They are a huge country, will tighten their belts and go ahead. They think and plan really really longterm .They also do not have to worry about populist tactics because they are not a democracy and don't have to worry about elections. Can you imagine they planned to green desert areas more than 60 years ago, moved in people and started continuous programs over 2 generations and that these areas areas are now thriving forests with more than 80 million trees ! These guys are not to be messed with.

  15. Americans have been conned to believe that China indulges in unfair practises.
    They are such gullible idiots!!
    International trade is based on WTO rules SET UP basically by America herself.
    Now that China follows these rules and takes advantage of whatever the rules provides…America…SCREAMS its Unfair!!! Such is American's sense of Fair-play!🙀🙀🙀

    Another thing…this Trade Deficit has been there a long, long time so for one sitting President to Suddenly reverse all that Deficit…doesn't the action sound haughty, ill-advised, risky and unattainable?
    Today's International Trade is so complex, inter-related and interdepent!
    Are Americans so ignorant..so unintelligent to think Trump will become their Saviour???

    Blaming others for one's Own self-created dilemma cannot solve the issue.
    But Americans do not know that Trump has a darker agenda on China and is using Trade as just a tool …but instead of being a useful tool…he has thrown a wrench into the works!
    Its all going Bad, Bad, Bad for Americans!

  16. The guy is really hurt and look sad. It is a shame now they have a democracy system but a authoritarian President

  17. china has 80 % of all rare earth elements they own over a trillion in bonds they make everything. Trump reminds me of Nero burning Rome.

  18. Let me just say this – when the banks lower the interest rates so low as they are now in MANY countries across the world, your money will NOT be able to grow even if u save. In other words, your money will not be worth much n it will become harder to save for that house, that college fund, your retirement, etc. because the value of your dollar is stagnant. So if u want to grow your money, it means u will need to invest it n take risks with it. If u haven't got a talent for numbers or if you have no time to make your own investments, u have to turn to financial advisers n "professionals" who are supposed to manage a portfolio for u. Unfortunately, most of these people are only interested in the INITIAL investment u make because that's "fresh" cash. They quickly lose interest in u as the years pass because I won't have the kind of money to keep making substantial new investments. Do u see where I'm going with this? We, the common man on the street are going to be STUCK in the POVERTY RUT so long as the banks keep interest rates low. U should, of course, save n save AGGRESSIVELY if u can. And your only hope out of this rut is to maybe retire or move to a country where the currency is much smaller than yours n make some SMART investments there instead. I don't see the banks increasing interest rates in my lifetime – maybe even yours.

  19. That's just what Trump wants
    Just like Mexico is not paying for the wall.
    But the American people will suffer from this trade war.
    Thank you Trump we are not winning.

  20. Which means without China as potential customers to American "United States is done!! Western media never admits that China is a source's of American income and Growth.

  21. Screw China, I would rather pay more, not buying a damned thing from them, President Xi a corrupt , lying piece of S-IT

  22. We need to continue Trump's trade policies. Otherwise, we can take the path of least resistance and sell out the future for the comfort of today.

  23. Lag time on foreclosures in farming sector means farmers will be forced to sell into weak land prices as USAgoes into recession next year…..on top of trade war.
    Disaster.

  24. When are you morons going to figure out the Republicans are bad for the economy? Or is it you just refuse to admit it? You voted for this. Suck it up buttercups! Pull yourself up by the boot straps, you too can get 3 jobs to make ends meet. Why should you be any different than 88% of America?
    Then spoken like a true republican,I'm ok with fucking the economy, I just wish he wouldn't pick on us. Get your tariff's from somewhere else and we'd be fine with it. I hate Republicans.

  25. When and why has US become a country of crybabies? If you think losing is winning, you will certainly lose, and you are LOSING. Americans need to get it together and stop drinking the kool-aid. It was YOUR businesses that signed the deals. DEALS to transfer tech, not steal, so that they can increase profits by manufacturing in china. The corporations are to blame, but they have the american 'news' media to spread disinformation to politically deflect the blame away from themselves. You are being had, friends. Royally! It was your american businesses that made the deal on your behalf, but they didnt tell you or you didnt listen, had no choice…either way you got screwed not by china, but by your own leaders in government and in business.

  26. Trumps is out of wit.China is hurting but America is dying.

    China is focus on their own internal markets, also moving away from export driven economy,and they sit waiting America comes to senses.

    China is not America mismanagement. America military wars are draining the money, not the Chinese people.

  27. Do not mess with China. They already own us. When they bring out their gold backed currency it will be curtains for the USA.

  28. China hit the farmers hard and Pres. Trump hit China with measly tariff, what poor negotiator is he. China is laughing at Pres. Trump, maybe he is protecting Ivanka clothing line?

  29. China will not relent, however, our crackpot-in-chief won't either. And the grand result, we're gonna pay. O, are we gonna pay.

  30. Small FARMERS aren't getting Trump's bailout money. Of course most of us going to the big corporate farms. These markets can take years to bring back and this is a death knell for some small farmers. Sadly farmers are committing suicide at record rates. Trump will be responsible for the loss of their lives their livelihoods and their farms. Put a democratic president Senate and Congress in. Vote blue and we'll get this thing turned around.

  31. I Shure hope his family is not pumping ground water lowering the water table to grow wheat for china. Selling natural resources is b.s.

  32. We should put a total ban on imports as well as any further exports of our raw materials. Make all other countries beg to enter our markets. If we can't make it, WE DON'T NEED IT! We make cars. We make wine. We grow our own food and raise our own livestock. We are the worlds largest consumer and need to be self sufficient. Without relying on imports, other countries would simply collapse! Let them find out what it is like without our deep pockets and let us rebuild what is left of our own country after decades of corruption that has occurred on the part of BOTH parties.

    Shut down the IRS and let us go to a national consumption tax. Close the fed, bankrupt the corporation known as U.S.A. Inc, and bring back our sovereign standing.

  33. United States of China seems like what everyone here wants… sad…Singing fooled around and fell for it… I thought we are smarter than China…

  34. For me, thankfully, $1,O00 is nothing –what, a puny $80 a month? One meal in an Olive Garden?
    But for some people I know, $80 is 3 or 4 hours pay.

  35. This reminds me of the British: "Keep calm and carry on". Oh America, wtf have you done??? Donald Trump is now your Commander in Chief. That must be frightening.

  36. CHINA RAISING THE TARIFFS HAS IN.REALITY, NO IMPACT ON THE PRICES OF AMERICAN GOODS AND FEEDS SOLD IN CHINA BECAUSE THE CHINESE GOVT WILL EVENTUALLY RETURN THE TARIFFS TO THE CHINESE COMPANIES OR THE GOVERNMENT LINK COMPANIES…..!

    ONE WOULD ASPECT THE PRICES OF CHINESE GOODS MANUFACTURED IN CHINA OR THE PRICES OF MEAT TO INCREASE….!
    THE EXTRA COST SHOULD IN THEORY DEFINITELY FUEL BOTH INFLATION AND RECESSION BECAUSE THE PRICE INCREASE (via tariffs) WILL CERTAINLY PASS TO THE CONSUMERS…!
    BUT THAT WILL NEVER HAPPEN BECAUSE THE CHINA'S GOVT WILL. NOT BE KEEPING THE TAXES/TARIFFS…!

    DONALD TRUMPS INTENTION TO WEAKEN THE CHINESE ECONOMY BY CAUSING THE CHINESE GOVT TO RETALIATE A "TIT FOR TAT" MEASURE WILL BACK-FIRE…!

    HOWEVER, THE USA INCREASING THE TARIFFS ON CHINESE GOODS WILL UNDENIABLY HURT THE CHINESE ECONOMY….!

    CHINA IS IN EFFECT LOSING THIS TRADE WAR WITH THE USA….!

    THAT SHOULD BE NO CAUSE FOR CELEBRATION IN USA… , BECAUSE WHAT AMERICA HAS DONE IS CERTAINLY UNFAIR AND GOES AGAINST THE SPIRIT AND UNDERLYING PRINCIPLES OF THE WTO & GLOBALISATION….!

    USA KNOWS THAT CHINA WILL HAVE PROBLEMS GETTING 100% OF THE FEED FROM ELSEWHERE BECAUSE USA IS THE LARGEST SUPPLIER OF THESE FEEDS…..!
    AND GIVEN THE CURRENT CHANGES IN THE WORLD'S CLIMATE, IT MAKES CHINA'S TASK TO FINDING ALTERNATIVES ARE MADE ALMOST IMPOSSIBLE ….!

    CHINA'S FAILURE TO FIND AKTETNATIVES, WILL GIVE THE USA A FREE-ER HAND YOU INCREASE THE PRICES FURTHER…..!

    USA's CURRENT AND FUTURE POSSIBLE ACTIONS ARE TANTAMOUNT TO BULLYING AND GOES AGAINST EVERYTHING IT PREACHES AND BELIEVES…..!

    USA SHOULD COME BACK TO THE LIGHT AND WALK IN THE LIGHT….!
    USA IS DUTY BOUND TO REVERT TO STATUS-QUO BEFORE THE START IF THIS TRADE WAR……!
    COUNTRIES WILL REMEMBER WHAT USA US CAPABLE OF ie DISHONESTY…..!

  37. Americans need to unite against the treat that China is. And people watching this should question if this media has an agenda pay for by Chinese investors. USA all the way

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