Trump’s trade tactics with China backfires

Shipping containers and cargo vessels are seen at the Dachan Bay Terminals in Shenzhen, Guangdong province, China July 12, 2018. REUTERS/Stringer

The tariff tension between the US and China is getting worse. China announced its decision to put Americans on the back burner when it comes to licensing for companies in financial services and other related industries Tuesday. This is until Washington comes to a settlement in this trade debacle.

As China runs out of American exports to penalize the US with, this decision is confirmation of the suspicion that this trade war with china will disrupt American markets and business.

According to Jacob Parker, vice president for China operations of the U.S.-China Business Council (USCBC) the license delay applies to industries Beijing has promised to open to foreign competitors, The group entails some 200 American companies that do business with China.

“There seem to be domestic political pressures that are working against the perception of U.S. companies receiving benefits” during the dispute, Parker said.

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3 Comments
  1. Anthony Sublett 2 months ago
    Reply

    We need China🇨🇳 what do we make in America damn near nothing. We are depended on everybody else. We better wake up!!!👀👀😳

  2. steven 2 months ago
    Reply

    I thought people were annoyed that everything was made in China. We can make stuff but we won’t have anyone overseas who will buy it.

  3. Patrick Hinnant 2 months ago
    Reply

    Strategic move made by Trump. He wanted this to happen from the beginning. Now companies like Ford, Apple, ect. are forced to manufacture in the U.S. I don’t know how this will turn out 🙁

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