Trump Says a China Trade announcement
is coming after market close - Yesenia Ramirez
This article was written by Tae Kim and was recently published on 9/17/18. This article talks about the trading system the U.S. has with China and also the message president Donald Trump gave out this morning. The issue here between these two countries is that China is gaining way more money than the U.S. on their exports traits because more people buy products made from China and not many people buy products from the U.S. Also another issue is that the U.S. doesn't charge the right amount of tariffs and the way to solve this issue is by increasing it to $200 billion and also because China exports 3 times the amount we export to their country making it unfair for us. My thoughts about this article is that i do agree with this increase of tariffs because its not fair for the people who work manufacturing items and not gaining as much as they should of. Also because China is taking advantage in this and they are gaining about $505.6 billion while we only gain $130 billion and because of this they able to have a better economy. They also said that the U.S. was "Blackmailing" China because of the increase of tariffs and i think the best way to solve this issue is by creating a balanced system of trading between the two counties. This also relates to our history on when South Carolina was angered at over the tariff of 1828 and because it increased later on in 1832.
Article:
https://www.cnbc.com/2018/09/17/trump-says-a-china-trade-announcement-is-coming-after-market-close.html
Video:
https://www.cnbc.com/2018/09/17/trump-says-a-china-trade-announcement-is-coming-after-market-close.html
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