Capping an extraordinary day of major power muscle-flexing and more odd presidential behavior, Donald Trump on Friday answered a tariffs threat from Beijing by increasing coming import duties on $550 billion worth of Chinese-made items.
“Sadly, past Administrations have allowed China to get so far ahead of Fair and Balanced Trade that it has become a great burden to the American Taxpayer. As President, I can no longer allow this to happen! In the spirit of achieving Fair Trade, we must Balance this very....” he wrote in a tweet before adding in another: “..unfair Trading Relationship. China should not have put new Tariffs on 75 BILLION DOLLARS of United States product (politically motivated!).”