China Imposes Retaliatory Tariffs on America
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China Imposes Retaliatory Tariffs on America
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Following President’s Trump’s announcement of tariffs on “Liberation Day,” China has imposed retaliatory tariffs on U.S. goods.
From The Daily Wire. China responded to President Donald Trumpās āLiberation Dayā tariffs on Friday by announcing a 34% tariff on all goods imported from the United States.
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The move comes after Trump unveiled a host of tariffs against countries all over the world, including a 34% tariff on China, where about 16% of goods imported into America come from. Trump has said the tariffs are necessary to rebuild American industry and rectify longstanding trade imbalances.
In a statement on Friday, the Chinese Ministry of Finance accused the United States of violating international trade rules with the tariffs. …
Chinaās tariff on all āgoods originating fromā America will go into effect on April 10. …
In another action targeting the United States, China put export controls on seven different types of rare earth minerals, placed 11 American companies on its āunreliable entities list,ā and added export restrictions on 16 more American companies, CNBCĀ reported.
Like Thursday, stocks again tumbled on Friday after China announced its retaliatory tariff, with the Dow Jones falling 1,679 points and the S&P 500 falling 274 points.
White House Press Secretary Karoline LeavittĀ said on Thursday that Americans worried about the economy should ātrust President Trump.ā …
How are you praying about China? Share your prayers and scriptures below.
(Excerpt from The Daily Wire. Photo Credit: Foreign and Commonwealth Office – China State Visit, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=44905405)
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I really appreciate these prayers. It helps me pray more effectively
We will overcome. China and the rest of the world needs to understand that we are sick and tired of being there personal piggy bank. Bring our manufacturing back will make America stronger and less reliant on any country in the world. And with that the world will then realize that with God is our savior, we will be successful. Stand strong on the wall, invite others and trust in God. ššš
It is a shame that we ever became so utterly dependent upon China to manufacture our nation’s goods. I applaud President Trump for having the backbone to stand up to these communist bullies. The only people who are overreacting, as usual, are the Stock Market and the liberal media. I frankly have no respect for either. OK, in the short term, adjustments will happen. This is inevitable. In the long run, our nation will remain stronger, and America will once again have a manufacturing base which is central to our economy. Thank You Jesus
It will take time to calm the storm of resistance, confusion, and uncertainty that the Trump Administration’s DOGE and other bold actions have created among the lefty culture. I know this was God’s plan, and He appointed the Trump Administration to work His plan at this time in history.
Thank You Lord!
Trump exposes the unfair trade practices and those benefitting from them cry instead of responding constructively. The sooner America become self sufficient the better. We should never be held hostage again with regard to our energy, food, healthcare and technology needs by other countries, especially our enemies.
Good heavens – who would have thought that could happen. Complete surprise!