Trump Sees ‘Transition Problems’ With China Tariffs at 145%

President Donald Trump said his tariffs may cause “transition problems” but expressed confidence in his plan, after the White House clarified US tariffs on China rose to 145%.

“There’ll be a transition cost, and transition problems, but in the end it’s going to be a beautiful thing,” Trump said Thursday during a Cabinet meeting. “We’re in very good shape.”

The staggering US tariffs on the world’s second largest economy have triggered a tit-for-tat trade war that has unnerved global financial markets. Stocks fell on Thursday one day after the biggest buying spree in years. The S&P 500 Index sank more than 6%, before paring losses, as euphoria gave way to unease with investors bracing for more trade hostility.

Trump pointed to Wednesday’s upswing after he announced a 90-day pause on higher tariffs on dozens of trading partners, saying “we had a big day yesterday.” He later told reporters he had not seen Thursday’s market numbers.

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[aadhol]

I do not understand the logic. US Americans were never forced to buy. Walmart could have bought their products somewhere else, but bought it because China was so cheap, because the people worked very hard for little money. Who ripped off who?

[andrekrisnarta]

as usual, the most disturbing part of such a speech "I have a great 'respect' of [my enemy]", "the enemy's been a friend of mine for a long time" "I know him very well", all such craps and bs.

[pontepirates]

He's ripped his contractors off for years .

[donaldbush]

Does he remember that HE was one of the previous presidents he’s complaining about?

[danielbanuelos]

China accepted what US offered. China thought it was a good business deal, China didn’t do anything wrong.

[goldriverbank]

No deal. Go ahead US and produce your own products.
😂😂

[theoracleprodigy]

He's such an idiot. We took advantage of cheap labor. It's our company's that took advantage of them not the other way around.

[pocketrocket]

The blatant lies from this man are astounding.

[SwingEzzZZ]

Insider trading is illegal.
Market manipulation while in office is a crime.

[jt]

Wait… don’t American companies use China’s cheap manufacturing to produce items for America? Isn’t that what I watched Kevin O’Leary do time and time again on Shark Tank?

[peterswinpet]

It’s the companies that are taking advantage, they want cheap labour not the country who do what everyone would do. Stop your companies exploiting cheap workers and reduced health and safety laws.

[victorteo]

Trump still waiting for China to call? 😂😂😂😂😂

[ChefRix.]

Nobody ripped you off. Stop whining and blaming everyone and anything else. Grow up for facts sake

[MCPOND]

Don't listen to that guy he has nothing but billionaires making inside deals Breaking the law by doing inside trading

[Vex-iyzm]

He's talking about the mistakes of past presidents like this is his first term 😂😂😂

[berntarnold]

Chinese products are worth 5 times more than we pay... Bikes, clothes etc. We get bikes, they get paper dollars with diminishing value.

[Vv]

USA: I just want to use the iphone not making them.
China: we can make whatever you need, we need you to respect our efforts.

[joaqoplayer]

Pretty sure he already made a couple billions with the crashes he produced on the stock market, I mean his personal accounts. And partners.

[thomaskennedy]

"Xi is a friend of mine" - yes this is how you treat friends... with huge Tariffs??

[pontepirates]

If he's talking, he's lying .