U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China

U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan. 30, the Wall Street Journal reported on Thursday, citing people familiar with the internal deliberations. But Trade Representative Robert Lighthizer has resisted the idea, and the proposal had not yet been introduced to President Donald Trump, according to the Journal. Mid-level U.S. and Chinese officials met in Beijing last week to discuss China’s offers to address U.S. complaints about intellectual property theft and increase purchases of U.S. goods and services.

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It's time to stop manipulating the markets.

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The economy would see a gentle boost...But,  on the end this is what happens when there is no cogent strategy to begin with...

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3 minutes ago, Vlad Kovalenko said:

It's time to stop manipulating the markets.

Yep. Seems like a great deal of market manipulation on his part.. or, maybe someone thinks it’s a win-win  strategy

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"Tariffs are taxes paid by American families and American businesses – not by foreigners’’ - president of US Chamber of Commerce Tom Donohue.

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According to FRBSSF analysis, about 56% of what you pay for something “made in China” goes to U.S. workers and companies....

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Giving a trade advantage to China is one ls one of the worst things we do. It has helped them and harmed us. We should trade with nations that are not totalitarian adversaries of the United States. China is the largest and most powerful adversary we have. They have stolen our secrets, persecute their own people, and are working hard to build their influence worldwide. North Korea is their lapdog, Russia is their ally. We should be very stern with China as they are being very stern with us. Our capitalists with investment in China may feel differently but some are withdrawing their interest in China as they should. We have Latin America, India, Europe, Australasia, and many other regions to do business with. 

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