Donald Trump, President of USA has started off with good intentions
America first. Very patriotic.
Perhaps he has forgotten it was the immigrants that made America rich with their hard work and expertise.
He has put forward his idea that he wants to put a Tariff of 45% on all Chinese imports.
This could backfire and bite him in the bum as that will retaliate.
China has come forward leaps and bounds and although still very much a Commumist Country they have embraced capitalism and has become the largest Trade Exporter in the Word, and in the US too. They export to US $410 billion annually or 18.1%of its overall exports.
This includes Electrical equipment
Furniture, Lighting and Signs
Toys and Games
Iron and Steel
The US exports $116 billion to China,
Including 15 billion Soybean and vehicles
A big discrepancy
Apple Computers are made in China!
If he increases the Tariff it will mean more cost to the consumer as well.
Also China produces 95% of Rare Earth Elements used in
Precision guided weapons
All used by the US Military
He would be well advised to reconsider this excessive Tariff increase