Trump vs China: Who will win the trade war? | LBC

China has raised tariffs on the United States to 125% in response to Donald Trump's trade war between Washington and Beijing.

Beijing initially announced an import tax of 84% on US goods, an increase of 50% from previous levies, with the new figure of 125% to face-down Trump's tariff increase on the Asian nation.

It comes after the United States confirmed it would slap 145% on Chinese goods earlier this week.

China's commerce ministry accused Washington of violating international economic and trade rules on Friday, adding the US was also devoid of "common sense".

It added the US should take responsibility for "serious shocks and violent turbulence" facing global financial markets.

Ben Kentish is joined by economic expert Dr Michael Keating to find out who will win in this 'unprecedented' trade war.

#benkentish #trump #trumptariffs #president #donaldtrump #whitehouse #china #xijinping #tradewar #trade #economy #stockmarket #recession #LBC

LBC is the home of live debate around news and current affairs in the UK.

[vishmaster]

Trump is the only president who's united the planet in supporting China 😂

[christianvanneuves]

I dom't know who wins, but losers are the one who will go to Walmart over the weekend.

[victorvandillen]

Trump blinked. Lol reversal on tariffs for chips and computers 😂😂😂

[bailyboy]

China all day long, with the competition being Trump, it's a no brainer.

[fuzzjunky]

why on earth are people thinking it's not already over.
As an Aussie I'm kind of surprised how little experience people have with
the negotiating song and dance that has to happen with China.
Once you have insulted them this badly in public you might aswell pack it up and go home.

[ionwilko]

American Sinophobia isn’t just about China — it’s a deep-rooted addiction to scapegoating foreigners and America’s own minorities for its domestic problems. Until policymakers earnestly confront domestic challenges, U.S. foreign policy will continue to rely on scapegoating external ‘adversaries.’

[ved-db]

The tariff plan will evidently lead to high inflation, the high inflation is a significant reason why most retirees have sleepless nights. The increase in prices of everyday items puts them at risk of running out of money. As prices rise, the amount of money retirees can withdraw from their retirement savings also increases

[TheAngryWexican.]

Can't see the Chinese blinking. Who loses most in the American public.

[matthewcook]

No tariffs or trade war with Russia ?!?! Explain that one to me.

[afokabest]

EU and China hold USA bonds and lend them money. Yet USA protecting Israel that didn't help USA at all. Israel didn't lend USA money, yet receive billions of USD. Act of stupidity at it best by US politicians.

[ianthesiow]

US / America calls it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on... Why the double standard? Confused... Please enlighten. Genuine question...


Instances of the United States "liberated" or overthrowing, or attempting to overthrow, a foreign government since the Second World War. (* indicates successful ouster of a government)

China 1949 to early 1960s
Albania 1949-53
East Germany 1950s
Iran 1953 *
Guatemala 1954 *
Costa Rica mid-1950s
Syria 1956-7
Egypt 1957
Indonesia 1957-8
British Guiana 1953-64 *
Iraq 1963 *
North Vietnam 1945-73
Cambodia 1955-70 *
Laos 1958 *, 1959 *, 1960 *
Ecuador 1960-63 *
Congo 1960 *
France 1965
Brazil 1962-64 *
Dominican Republic 1963 *
Cuba 1959 to present
Bolivia 1964 *
Indonesia 1965 *
Ghana 1966 *
Chile 1964-73 *
Greece 1967 *
Costa Rica 1970-71
Bolivia 1971 *
Australia 1973-75 *
Angola 1975, 1980s
Zaire 1975
Portugal 1974-76 *
Jamaica 1976-80 *
Seychelles 1979-81
Chad 1981-82 *
Grenada 1983 *
South Yemen 1982-84
Suriname 1982-84
Fiji 1987 *
Libya 1980s
Nicaragua 1981-90 *
Panama 1989 *
Bulgaria 1990 *
Albania 1991 *
Iraq 1991
Afghanistan 1980s *
Somalia 1993
Yugoslavia 1999-2000 *
Ecuador 2000 *
Afghanistan 2001 *
Venezuela 2002 *
Iraq 2003 *
Haiti 2004 *
Somalia 2007 to present
Honduras 2009 *
Libya 2011 *
Syria 2012
Ukraine 2014 *
2014 - 2022 - 9 countries yet to verify.
Pakistan 2022 *
Haiti 2022 *
Niger 2023

[oscarowski]

The Chinese exports to the US make up 13% of their total trade, which means they only need to find new customers for 13% of their total trade. The US on the other hand will likely have to find alternative sources for the entire 100% of goods they’re buying from China. Which side seems to hold the cards?

[wilsonyap]

China doesn't need to sell anything to the US. It will move on to other markets. Perhaps it might be difficult for the first year, but not something devastating. If the US did this 20 years ago, that would be a very different circumstance.

[MyGod-]

Trump Needs DP. He already had Putin's Pole in rear and now Xi is pushing one in 😂😂😂😂

[kenho-wrulrhm]

he will blackmail u again after 90 days

[donaldmcfatridge]

And he has not removed his tariffs with Canada.

[HalZane-wp]

One of the biggest problems for China is Chinese officials are easily becoming dogmatic and bureaucratic nowadays that is clearly evidenced during 2020 - 2022. Therefore how to be more flexible and innovative for Chinese officials during this trade war with US is very important for the world.

[ruslankamarudin]

Definitely CHINA will win for America game over.🤣🤣🤣🤣

[tiengchuongnhanqua]

The world is getting more unpredictable, like an unscripted show!

[gamaigia]

Trump stopped hiking tariff any further after China warns that he fast becomes an international joke.