What’s Happening With Trump’s Trade Fights? | WSJ


– If you’ve taken a nap at any point in the last couple of months, there’s a good chance you’ve missed at least one US threat to impose tariffs on hundreds of billions
of dollars of US imports. – Tariffs are a a beautiful thing. It’s a beautiful word. We’re gonna put tariffs on them. Those tariffs were ready
to go on Monday morning. We always have the option to raise it another $300 billion. – As part of the President’s efforts to rewrite the global rules of trade and rebalance our trading relationships, he’s imposed tariffs on almost
every country in the world over the past year and a half. That includes our
biggest trading partners, China, Canada, Mexico, and Europe. Recently, a lot has been happening. We’re going to try to
bring you up to speed. So let’s start with our
biggest trading partner, China. The US imported about $540 billion of goods from China last year and exported about $120 billion, making it the biggest trading relationship of any two countries in the world. One of President Trump’s big goals is to balance this relationship out. Last summer, he slapped
25% tariffs on goods like machinery, commodities,
semi-conductors, and plastics. China retaliated, mostly on vehicles and
agricultural products, especially soy-beans. The US hit back in the fall. This time, with 10% tariffs
on an additional $200 billion worth of products,
furniture, handbags, luggage, and many computer and auto parts. China once again retaliated. In December, the US and
China called a truce but it didn’t last. The talks broke down in May
and the US moved forward with plans to raise
those 10% tariffs to 25%. China retaliated and
then the US threatened to impose tariffs on everything else that comes in from China, an additional $300 billion of goods. So where do things stand now? President Trump and China’s
President, Xi Jinping, held a summit on June 29th where they reached a truce for now. – We’re going to work with China on where we left off to
see if we can make a deal. – The US will hold off on
its final round of tariffs but all the original rounds
of tariffs will still remain and if they can’t get a deal, it’s likely we’ll be talking
about tariffs again soon. But the trade tensions
haven’t just been with China. Canada and Mexico have also
been in the US crosshairs. – I have long contended that NAFTA was perhaps the worst
trade deal ever made. – About $600 billion a year worth of trade flows between Canada and between Mexico and the United States each year. One of President Trump’s
big campaign goals was to rewrite the 25-year-old North American Free Trade
Agreement, or NAFTA. The talks started in 2017 but last year, when they weren’t making
progress quickly enough, President Trump imposed tariffs on steel and aluminum imports from everyone in the the world, including Mexico and Canada and to further up the
pressure he threatened tariffs on the entire global automobile industry, about $372 billion worth of imports. Last summer, the three countries
finally reached a new deal. The US-Mexico-Canada agreement. – Called USMCA, sort of just works, MCA. – But the deal doesn’t go into effect until all three countries
have ratified it. So far, only Mexico has done so. To ease the road to getting it passed, the US did two things. First, it dropped the
threat of auto tariffs against Canada and Mexico and second, in May, it finally removed the tariffs against steel and aluminum and Mexico and Canada
removed their tariffs too but then, things got complicated. – Mexico shouldn’t
allow millions of people to try and enter their country and they can stop it very quickly and I think they will and if they won’t, we’re
gonna put tariffs on them. – President Trump,
citing too many migrants are arriving at the US-Mexico border, threatened tariffs on everything
the US imports from Mexico, about $350 billion a year of goods. – Those tariffs go from
5%, to 10%, to 15%, to 20%, and then to 25%. – Mexico rushed to delegation to DC, pledged to do more at
its own souther border to stop the flow of migrants and avoided the threat of tariffs for now. But President Trump has made it clear that the threat remains and will be revisted within 90 days. But when it comes to
trading relationships, there’s an even bigger one
that’s still unsettled. We’re talking about Europe. – If you look at the European Union, it’s very solidly against
us in terms of trade. – The European Union sets trade policies for all its member countries so collectively, the US imports
about $500 billion a year of goods from the EU and exports about $320
billion making the US in new trade the biggest trading
relationship in the world. Remember those steel and aluminum tariffs? Yeah, they still apply to Europe and there’s a couple big
threats still hanging out there. First, autos. – They send the Mercedes. They send BMWs. They send everything. We tax them practically nothing. We can’t send our cars. – The US imports a lot
of cars from Europe. For now, the Trump administration has postponed the threat of
auto tariffs until November, but not removed it. There’s also a threat of tariffs because of a long running dispute between Airbus and Boeing. The EU and US have each threatened $11 billion of tariffs because of this. Negotiators here aren’t
making any progress and the Europeans are getting worried. President Trump has already shown he’s willing to threaten tariffs against everything the
US imports from China and everything the US imports from Mexico. Put it all together and there’s over $2.5 trillion of trade
hanging in the balance. So far, the Trump Administration hasn’t gotten any major
trade deals across the line and so the worry is that they
could keep adding tariffs. A billion dollars here and
a billion dollars there and pretty soon, you’re
talking about real money.

100 thoughts on “What’s Happening With Trump’s Trade Fights? | WSJ

  1. I will tell you what is going to happen: he will bankrupt the US. Destroy allied partnerships and one day you will wake-up realising your country ended up in the Stone Age.

  2. You want to know what the real problem is the god dame lib's, SJW's,Feminist. All need to be jail or killed for their crimes on us hard working Americans. I want war on the lib's i'll put down as my i can kill of other peoples freedoms.

  3. us will win all trade wars buyer has massive leverage over the world. World need america to buy their goods. Us runs the world thorough trade deficit.

  4. Most Americans are too dumb to realize that THEY are paying for Trump’s Tariffs. Especially inane Trump Supporters.

  5. What an idiot. Tariff is beautifil? It's a beautiful word? Lol. Did you ecpect China to sit back and accept Smerican tariffs without any reaction? Come on brinh it om.

  6. the Adjustments are taking place but Nancy is holding them back because this is an election year and releasing these agreements would be very bad for her and her party – The DON will force her ???

  7. Furniture is the most tariffs that China 🇨🇳 is making most money 💰 from America.?????Good job Trump.??????

  8. the united states is always the country that gets f**ked , out of making money ! no more , trump rules with iron hand !

  9. If the US tarrifs China to death then the Chinese people could migrate to the US, continue their jobs here, and send their after tax dollars back to the homeland.

  10. Nolynox, The US and others, such as Europe are shown in prophecy by a spiritual connection. For example, Edom bears a spiritual resemblance to Christendom, and is described this way in our days; even though ancient Edom no longer exists. This nation, springing from Esau, despised the birthright, so it passed to his twin brother Jacob, in exchange for a bowl of lentil stew. Similarly, the 'man of lawlessness' seen in modern days Christendom, 2Thessalonians 2: 2-12 came first, but has neglected to place any importance upon God's Kingdom and the arrival of Christ 'in power and great glory' Matthew 24: 29, 30. So the Kingdom has been preached by those who came after, found in prophecy in Micah 4: 1-7. Matthew 24: 14. In among these ones, 'Jacob' represents the anointed remnant, found in Micah 4: 7. [Isaiah 49: 2, 5] Christ gathers these ones all together, in modern times, and the good news of God's Kingdom is preached. Matthew 24: 14.
    So in Jeremiah 25: 17-26 we see the 'kings' of the earth, and leaders receive their 'cups of anger' from Jehovah. This began in October 2008, when the announcement came from Christ concerning the sealing of the anointed remnant, and the arrival of Jehovah's Day. Revelation 7: 1-3.The Judgements of these 'kings' comes first; and later the Judgements are carried out. So the Judgements of the 'kings' outlined there include kings of 'Edom'; even though Edom the nation, no longer exists. But its spiritual connection to Christendom shows the leaders in Christendom are the 'kings' indicated. Also the 'kings of the land of Uz' are mentioned in Jeremiah 25: 19. This is the original land where Edom lived, and these 'kings' are the political 'kings' of Europe today; and places where Christendom is dominating.
    In the case of the Anglo American world power, we see in Revelation 13: 11-13 there is a 'Two- horned ' 'beast' that is both like a sheep, and like a dragon. It is 'sheep-like' due to belonging to Christendom; and 'dragon- like' because of the influence of Satan the Devil John 8: 44 with 'lies and man-slaying'. We see this 'two horned' beast has control of the 10 horned beast, representing the total political system, as it says there in Revelation 11: 12.
    Countries that did not exist in the days of the writing of prophecy can be approached by these simple ways. In the case of Iran, the prophet Jeremiah called this: "Elam', and there is a historical connection here. So Jeremiah 49: 35-38 shows the destruction of Iran from bombing; and the ones doing this are the US and their allies, in the days ahead. So the 'burning anger of Jehovah' comes upon the 'Elamites' Jeremiah 25: 37 and Jehovah will 'exterminate' them; because Jehovah's Day of anger appeared Zephaniah 2: 1-11; and there are 'desolations' brought to the soil of Israel by Iran Matthew 24: 15, and this means that cities in battle and distress named are: Gaza, Ashkelon, Ashdod and Ekron. Christ also tells us in Mark 13: 16 to 'get out of Judea' when this happens. When exactly does this happen?
    So we see that Iran bombs Israel when they are declaring 'Peace and security!' 1Thessalonians 5: 2,3 Daniel 11: 44, 45 and so the wrath of Jehovah's Day of anger has appeared. [Jeremiah 25: 26] The Great tribulation has broken out Matthew 24: 21, 22 and there is the appearance of Christ 'in power and great glory'. Matthew 24: 29, 30 Revelation 11: 15, 18.
    The 'sudden destruction' of 1Thessalonians 5: 2, 3 and the 'tribulation' of Matthew 24: 29, 30 are describing the same events, with more details added.
    This is the manifest war between the US, allies and Iran Daniel 8: 20, 23- 25 that is parallel to the war also appearing between Russia and the financially collapsed EU Ezekiel 7: 19-22. We see the 'hidden treasures' that are taken at that time are the artefacts of the Vatican and the churches, because it is a time of worldwide financial meltdown Psalms 46: 4-6. It is also the time when Christendom is being pillaged by political powers. 2Thessalonians 2: 2-12. This crushing of Christendom is already visible in Russia and in China.
    This is not the only wrath and war to appear. All the Arab stated become embroiled in bloodshed, having a Sunni vs Shea character, due to the original strike on Iran's enriched uranium nuclear asset; and the pilots then refuel in Saudi Arabia. Jeremiah 25: 24-26. This wrath of Arab states Jeremiah 25: 24 means the oil and energy industry of the world is decimated, due to arson of oil wells, and oil refineries, as acts of war. Psalms 37: 20. This burning of oil and gas infrastructure brings all traffic and industry to a standstill, at the time of a worldwide financial collapse and meltdown. Ezekiel 7: 19 Revelation 18: 17 Isaiah 2: 18-20 Isaiah 55: 1 Psalms 46: 4-6.
    We see also in Jeremiah 25: 26 there are 'the kings of north near and far'. The 'king of the north near' is Syria, and the 'king of the north far' is Russia. We can see this is talking about a present day situation that is visible. Yet, this is the last Scripture in the series; that shows general worldwide wrath appears Revelation 11: 18.
    THIS system is over Romans 9: 28. The destruction of the wicked as seen in Psalms 92: 7 and Psalms 37: 8-10 brings the Great tribulation to an END; after five months of crisis. Revelation 9: 5, 10. Genesis 7: 24 Matthew 24: 37. So it corresponds to the Great flood of Noah; and the end result is the same; the loss of all the wicked.
    But there are a lot of survivors John 3: 16. It is seen that at the moment of Christ's arrival in 'power and glory' Matthew 24: 29, 30 Matthew 25: 31, 34 the 'sheep-like' true followers of Christ are already in the Kingdom of God when Christ arrives. So their survival can be described with confidence in prophecy; because Christ will protect them, and heal them Revelation 7: 9, 14-17 Isaiah 35: 4-7.
    THIS planet will be cleansed, and beautified, and restored and re-established to it former glory, so that it will resemble a Paradise Luke 23: 43 and this brings to mind the paradise that our first parents threw away when they disobeyed Jehovah, and rejected His rule back in Eden. NOW there are a large number of obedient one who LOVE GOD, and they are willing to keep His laws [which are not burdensome] and the prospect of everlasting life is available for each one of them John 17: 3.
    YOU ALSO can gain everlasting life in Paradise; YOU can find out the truth as written in God's word John 17: 17 and YOU and YOUR children can come out of the Great tribulation REJOICING into something much better; because WE ARE NOT ABANDONED. This history has been written ahead of time to greatly increase the numbers of survivors. FAITH begins with information and understanding Romans 10: 13-15. FIND out more today. ASK ASK ASK!

  11. Putin has told Trump to start a war with China. Eventually a nuclear war.
    They are mutually destroyed and Russia wins the world….. easy

  12. TARRIFFS ARE BEAUTIFUL, MONEY IS A GREAT… JOBS ARE CREATED…POVERTY IS ELIMINATED. SO WHY ARE YOU COMPLAINING…..

  13. The farmers are death the land values will plummet . You can not put all your eggs in one basket they failed to diversify!!!! Just corn and soybeans!!!….

  14. Are you trying to create fear? Well only the well-learners, i guess, understand and actually happy. If USA did not do so then something wrong and you know it or may be not haha.

  15. You have forgotten he was ready to place on Australia and had t ready to sign until the last minuet he was told , not a good idea because of what they can do here. He wants to make deals no… he just wants his own way …..maybe we stop pine gap that might be a good idea for all but then, they interfered with out government last time that was mentioned and the CIA admitted it and people complain about Russia interference.

  16. What to do when immigrants come:
    >make the country they come from even poorer
    >more immigrants will come
    >problem solved

  17. Hello twits…
    … it becomes untenable to continue buying from China. By by trade deficit. 2nd, China subsidies STATE OWNED companies. D'uh.
    Manufacturing comes back. Or at least leaves China… which stops China in their tracks.

  18. one aspect of Trumps trade war is Auto's, who wants to drive a fuel hungry vehicle 3 times the size of what we call normal vehicles, the large 4×4's the US make and sell here in Australia have been for decades limited to certain individuals who need them, you cannot force other countries to buy your products to suit your agenda via a trade war.

  19. So with no actual results, I believe all Trump really wants to do is appear strong, for electability. That and essentially tax US Corporations that import goods from overseas partners and add that money to the Government. In other parts of the world, they call that process BRIBERY. And last time I looked, the world suffers too much from Bribery because it adds to the actual cost of doing business without adding any VALUE> If only he could place Tariffs on the Illicit drugs and Humans trafficked. That would be Billions of Dollars More.

    Didn't Trumps' family own a brothel in Alaska a generation or two ago? Oh that's right, it was a boarding house. Tomato/Tomahto. I wonder if he is still connected in some for to that business? Perhaps Mr. Epstein would have give us some insights, but alas he will not be talking to anyone but God. I bet that will be an interesting conversation.

  20. Well tariffs initially are a cost born by the US company acquiring the overseas good. So it adds to the cost burden for them, whether or NOT the US company actually does pass it on in the form or higher prices. Or as we have seen, they are deferring away from that, possibly as a benefit for the very handsomely favorable tax law changes Trump gave them, and ALSO the US companies are realistically thinking that the US/China spat will drag on into the next century and have already gone to plans B and C in the form of altering their SUPPLY Chain.

  21. Remember Children to brush your teeth, say your prayers, and VOTE>

    Now I lay me down to sleep. I pray the Lord my soul to keep. If I should die before I wake, I pray to God my soul to take. If I should live for other days, I pray the Lord to guide my ways.

  22. If the US consumes more than it produces you got a trade deficit obvious.
    And the reason Europe doesn't import a lot of US cares is because there to big and not very gas friendly.

  23. Trump attacks allied countries with tariffs. At the same time, Russia is a US national security risk but Trump has nothing but good things to say about Putin. Question is why?

  24. Gee, I always thought Canada and the U.S. were the worlds' two largest trading partners. I think this guy is wrong, but I could be be wrong, eh?

  25. One person can not deside about trade for USA it have to be in evry region county district city more Attorney who have expert with experience knowing

  26. Yesterday the us SM dropped approx 800 points. I'd say just a few weeks before the 2020 election, the us economy will be in recession.

  27. Sound like OUR PRESIDENT Donald Trump is working for the good of America. If they will not trade with America fairly then we will put tariffs on them . Sounds good to me. NAFTA was always a bad deal for Americans it’s proven. So PRESIDENT TRUMP wants to improve our trade deals let him do it. WSJ could stand behind our President for a change that would help . Ps I stopped reading the wsj YEARS AGO that’s a fact.

  28. Screw every 70,000 US companies that went to China seeking cheap labor at our expense. Do they want to avoid tariffs return to the USA boys stop complaining.

  29. Whoever gets in 2020 has a crapload of work to do to get America on track again,Trump is driving America straight into the ground and milking it completely dry,I wouldn't even be surprised by the end the year America is in dept and struggling and nobody is gonna help them

  30. This stupid Trump is putting American people's investments, savings ans pensions at risk. He is going to bankrup America like he has done with many of his businesses.

  31. A billion and a billion there, so far more than USD 500 Billion collected by Trump, and win, win and win. If Trump goes like that Democrats is finished, and he wins, again and again,n and agin…what to do? Please, Trump, stop collecting tariffs, we have enough, please stop winning…Trump did prophesy, You will get tired after I win, win and win…

  32. "Wall Street" – talk about truth in advertising. Let's just dig up Jeffrey Epstein or Ivan Boesky and let them set trade policy.

  33. The President Trump is right. If you want to sell in America you make it here or pay tariffs. Put the Americans back to work

  34. We need the Americans to work. No more help for illegal immigrants and to use that money to the retired citizens of America

  35. In the early stages of this developing global tragedy, I warned of the possibility of contagion. I was roundly rebutted that since the amounts were small, there would have no significant effect. We are now on the cusp of the greatest downturn in recorded history. Not all Thump's fault, but he is an economic imbecile. Wharton, how could you have awarded this clown a degree?!

  36. Please,Wall street.personaly Japanes.Osaka Area stroy.
    money Not game, Not Move,to Flat. Better Top level.
    3year 's ago.

  37. We have people like swift boat John Kerry and Ex Obama following and going behind Trumps back telling China , Iran and Heaven knows who else to hold off till 2020 elections, that's why China changed it's mind last month on the trade deal and now dragging their feet.

  38. “AMERICA THE BEAUTIFUL” The Greatest Nation on Earth   One Nation under GOD,indivisible, with Liberty and Justice for all.
    Thank you Mr. President Trump. Good News, Chinese people love you.  But the Chinese Communist Party (CCP) evil-doers hate you.   The real truth behind The CCP–IN SATAN THEYTRUST. The CCP falsely claim they are Chinese.
    Bible said about them, “They are a group belong to Satan.” (Re2:9) The Murderer & the Liar (John 8:44) The Lawless One–The CCP is killing and robbery.                                                                                   .           
     God’s Word reminds us: 2 Thessalonians 2:7-9 -For the secret power of lawlessness is already at work…
    Let’s unite together with Hong Kong brothers and sisters doing the God’s will arise to do good — We Must Stop the Evil CCP-It wants to kill all people!

  39. Ephesians 5:11, Ezekiel 33:7-9 (Almighty God the Creator is calling us to Expose the Evil CCP) – We must expose the Evil CCP and save lives.        

    Almighty God—My Shepherd: Unveil the Truth of the Evil CCP's Public… almightygodmyshepherd./YouTube…
    and lets the world see more clearly its bloodthirsty devilish essence. … the
    CCP to the hatred  of the Church.   …the CCP's murderous devilish nature can
    also be seen. … China is the CCP’s world. All the rights of the Chinese have
    been communized by the evil CCP. Our property has been communized, our freedom
    of speech has been communized, our lives have also been communized… This
    is because the CCP devil has said, “We got the regime at the cost of twenty
    million heads. Whoever wants to grab it from us has to exchange it with twenty
    million heads!” Therefore, the CCP will not retreat from the stage of the
    history of its own accord. It wants to kill all people!

  40. Dude, China is not a trading partner, they are thieves of all things great mind countries discover. So they steal from US and then make low grade products cheaper.

  41. So basically tariffs are a sneaky way to raise taxes without actually calling it that or going to congress for tax increases. Very sneaky and very stupid 🤮

  42. Why dont you say, Europe provides subsidies to their domestic companies which makes American companies incompetent to gain European markets while US takes european products on free trade deal. This is not fair. Stop making the US look bad. Why don't you report on these things?

  43. we stand with not being cheated, and Trump has established that. I wouldn’t trust Wall Street as far as I can throw them.

  44. Push comes to shove, and you don’t want to loose the soil from underneath your feat, and don’t want to become slave to another take control of your own Countries! And start putting all money 💵 into your own Country Farming that’s a big start! And don’t trade! Even if it starts a War! Cause the War started years ago back when use lost your jobs to Trading with foreigners??? Who taken your jobs who pushed your Economy into a recession???

  45. There was reason why God separated the World into different Countries? Simply so we don’t have to deal with Violent nasty inhuman people! Who love Money 💰, Power, Greed?

  46. All these tariffs are just tax revenues going to the government. Trump calls it tariffs against China, EU, Canada and Mexico but it's really taxes on Americans.

  47. If you think these Trump Tariffs are good, you're just plain stupid. Dump could still negotiate first, Tariffs later. Imagine farmer's unable to sell their soybeans or corns ever again. Imagine that.

  48. It's not all about the money with china. they don't really need America. or anyone else. China got into weapons and played the America game. But china been a country way longer then America- history. Blame the democrat for selling America. Asia is a big country. with small friends and they all will come together. Against. America. HOW DEEP DO THE RABBIT HOLE GO. Money is what the smaller people understand. And thats the game there gonna give you. America head true leaders are at the bottom of the rabbit hole. want nothing affect them. There just be a war. And start over.

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