We know that President Trump has slapped The new 10 % tariff in ChinaAnd for my reasons I hope he does not trust.
In fact, today in a press, what President Trump said about talking to the Chinese dictator XI: “We will talk to him at the right time. I am in no hurry. I am in no hurry.”
It's good for Mr. Trump.
In terms of China's unjust commercial methods, we learn that they never imposed the Phase One trade agreement negotiated by President Trump in their first period. As someone in the Chinese trade team, I can say that it is dealing with China like water bleeding from a stone. The main points of China's continuous robbery were intellectual property and their mandatory technology transfer. With very little exceptions, they do not allow American companies to operate in China. They did not make farm purchases or manufactured goods.
Re -negotiation can be a futile exercise.
Stephen Miller, Vice President of White House columns, breaks down the tariffs for President Donald Trump in “Kudlow”.
And this brings me back to Mr Trump's 10 % tariff on China.
One of the very brilliant parts of the so -called Minimis exemption has not been renewed. This is a $ 800 -task -free limitation to the United States
This exception has exploded in recent years with cheaply exploded Chinese retail store goods According to Coresight Research, entering the United States, more than 7,000 MOM retail and pop retailers are expected to be closed this year.
I hope nothing like this again.
But wait, this is getting worse because these packages of $ 800 or less if you enter the customs in the United States are not very searching or examined
The Chinese have used it to transfer chemicals related to Fentanyl and other pre -scary parts directly to the country, through the so -called $ 800 de Minimis exception.
So we hope that President Trump will never return to this $ 800 exemption or for that issue. It is bad enough that the Chinese are bankrupt, but even worse, they kill hundreds and thousands of our children.