Trump Orders U.S. Businesses to Find Alternative to China

8/23/19
 
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from The Wall Street Journal,
8/23/19:

President lashes out at Beijing after China announces tariffs on $75 billion of additional U.S. products.

President Trump lashed out at China in a series of tweets, saying U.S. companies were “hereby ordered” to start looking for an alternative to China.

Trump said he would respond later Friday to China’s announcement of new tariffs on U.S. goods.

Trump said China hadn’t followed through on an agreement to stop illicit fentanyl shipments and said he was ordering FedEx , Amazon, UPS and others to search for fentanyl in shipments from China.

China will impose tariffs on $75 billion worth of U.S. products to retaliate against U.S. moves to slap punitive tariffs on an additional $300 billion of Chinese goods.

China’s cabinet said Friday that it will impose tariffs of 5% and 10% on what amounts to roughly the remaining U.S. imports it has yet to imposes punitive taxes on. It said it will also impose tariffs on U.S. vehicles and car parts, instead of holding off on such a plan.

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