That's The Way I Tumble [Us Import]

u.s. president donald trump has signed a memorandum,paving the way for sweeping tariffs on chinese goods. the move has angered beijing, raising theprospect of a trade war between the world's two economic superpowers. ro aram reports. president trump has accused china of whathe called years of intellectual property theft and chinese pressure on american companiesto hand knowledge over. he also reiterated his concerns over the growingtrade deficit between the two countries. "but we have a trade deficit, depending onthe way you calculate it, of 504 billion dollars.

now some people would say it's really 375billion dollars. many different ways of looking at it but anyway you look at it, it is the largest deficit of any country in the history of our world. it's out of control." he went on to say that the punitive tariffswould benefit the u.s., adding that every trade deal had to be reciprocal. "and frankly, it's going to make us a muchstronger, much richer nation. the word is reciprocal. that's the word i want everyone to remember...

if they charge us, we charge them the samething. that's the way it's got to be. that's not the way its been for many, manyyears. for decades, it has not been that way." however, there are parts of the memorandumthat are not as threatening as they seem.... the terms include a 60-day consultation period,during which lobbyists and legislators will get a chance to slim down the number of targetproducts, which currently stands at about 13-hundred. but trump did say that thursday's memorandumwas the first of many, which further raises

the prospect of a global trade war. in addition to the tariffs, the trump administrationalso plans to restrict new chinese investments in america and take action against china atthe world trade organization for what it calls unfair trade practices. this has sparked china to issue a belligerentresponse. the chinese embassy in washington, vowed to“fight to the end” in any trade war with the united states. beijing's commerce ministry also announcedthrough a statement friday that it plans to slap tariffs on three billion dollars-worthof american imports, ranging from steel to

pork. it added that beijing also plans to take legalaction against the u.s. under the world trade organization framework. however, it did say that beijing is willingto resolve the trade dispute with washington through dialogue. ro aram, arirang news.

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