Days before Chinese trade negotiators are scheduled to arrive in Washington for another meeting, President Donald Trump threatened to increase tariffs on $200 billion worth of Chinese goods from 10 percent to 25 percent on Friday and levy a new 25 percent fee on all remaining Chinese imports “shortly.’’
Trump tweeted on Sunday, “For 10 months, China has been paying tariffs to the USA of 25% on 50 billion dollars of high tech, and 10% on 200 billion dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 billion dollars….”
“..of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The tariffs paid to the USA have had little impact on product cost, mostly borne by China. The trade deal with China continues, but too slowly, as they attempt to renegotiate. No!”
Hours after Donald Trump’s tweets, his former strategist Mr. Steven Bannon sat with billionaire Miles Kwok to comment on Trump’s move.
“Very big day,” Bannon said, “For the audience, you look at President Trump’s tweet – the most important thing he said is CCP and Wang Qishan are trying to renegotiate the deal. They have all the laws, all the rules, everything up for renegotiation. The reason they’ve come in to take people’s assets is that there is no rule of law. If you read the President’s tweets, the most important line is that as the CCP is going to renegotiate this, President Trump says ‘Hey! This Friday the tariff is going to go up. I believe he gets to the point that he felt he has a deal or at least an outline of a deal they want to negotiate with. And I can tell one thing that upsets Trump will be the renegotiation. ”
Miles Kwok said what Wang Qishan and CCP are doing is a waste of time for Donald Trump and they are taking advantage of the US. And Wang Qishan is behind the scene of all the planning. There will be no deal at all between the two sides.
This time Donald Trump is very serious and is actually angry about the many rounds of negotiations. He is not happy with the way the CCP is playing a game with him, and actually undermining his administration for their collusion with the Democrats and the Wall Street Financiers.
Miles praised Donald Trump today, “This is the true Trump today. He is showing his real personality. He is very clear about YES or NO. And he is telling a stop today.”
Bannon held that a trade deal would only strengthen the CCP and the US does not really need a deal. Referring to the Belt and Road Forum in Beijing last week that 70 heads of state attended including Russia President Vladimir Putin, Mr. Bannon said actually there is no One Belt One Road for China; it is only a plan for Wang Qishan and other CCP leaders trying to control the world. As Liu He is coming back this week for “renegotiation” in Washington, we shall just wait and see what happens.
Miles said during the forum last week, all foreign leaders kowtowed to the arrogant CCP and even Putin behaved in a very humble way. He added that with Belt and Road Initiative, CCP is going along a way for its own destruction because CCP leaders are distributing the wealth of the nation to other parts of the world without the consent of the Chinese people.
Bannon said what President Trump wants with the deal is to bring about jobs to the American people and help with the economy, but if the deal is only to increase the power of the CCP regime, people won’t agree to that. And Trump won’t do that either. Trump says the tariff is going to go up the coming Friday. There is not much room or time for negotiation now.
Miles said Trump has come to his sense that the Belt and Road Initiative is for money laundering, deceiving the Chinese people, threatening Africa and finally targeting the US.
With the One Belt One Road Initiative, CCP is enslaving the Chinese people and no one in the west is complaining about it, said Bannon, that is not right – none of those 70 heads of state complained about President Xi’s oppression on the Xinjiang Muslims in the internment camps or the Great Firewall – The coming Monday will see a great change in the relationship between China and the United States. “Tomorrow will be the toughest day in Trump’s presidency”, said Bannon, “We will see the response of the stock markets – by the time Tokyo opens, Hong Kong opens, Shanghai opens, London opens, and New York opens- all down.”
Both Steven Bannon and Miles Kwok in a brotherhood hold that from this day on, something fundamental has changed. The CCP is going downward with its fake economic figures. For Chinese, today is a big day, a beautiful day.
Miles Kwok is sure that 99% of CCP’s 90 million members like to see the end of Wang Qishan and other traitors as well as the destruction of the CCP regime. They have hopes for Donald Trump to help with the process.
Everything is just beginning!
By Cloudy Seagail
A surprise hitch in trade talks between the United States and China spooked investors on Monday, sending Asian stocks tumbling and raising the prospect of a rough day for Wall Street.
Shares in China led the decline. The Shanghai Composite Index was down 5.4 percent midday. In Hong Kong, the Hang Seng Index was down 3.3 percent as of midday.