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US attacks South Korea, world's economy

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US attacks South Korea, world's economy

Postby mrswdk on Tue Jan 23, 2018 6:28 am

China and South Korea have vowed to defend their interests after the US imposed new tariffs on imported washing machines and solar panels.

The tariffs - of up to 50% - will affect the two Asian countries more than any other.

They are part of US President Donald Trump's "America First" trade policy, which aims to protect local manufacturers from foreign competition.

South Korea said it would complain to the World Trade Organization (WTO).

China, the world's biggest solar panel producer, said the move was an "overreaction" and pledged to "work with other WTO members to resolutely defend its legitimate interests".

India's Prime Minister Narendra Modi spoke against tariffs at the World Economic Forum in Davos in an apparent reference to the US measures, although India's own finance ministry is planning a 70% tariff on Chinese solar panels.


http://www.bbc.co.uk/news/world-42786995
Last edited by mrswdk on Tue Jan 23, 2018 10:13 am, edited 1 time in total.
betiko wrote:When exactly has china not been the king of the world?

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Re: US attacks South Korea, world's economy

Postby Bernie Sanders on Tue Jan 23, 2018 6:45 am

That US firm Whirlpool now makes China it's manufacturing hub.

Do you still praise Trump?
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Re: US attacks South Korea, world's economy

Postby mrswdk on Tue Jan 23, 2018 6:49 am

Trump has some loony tunes advisers around him who suggest nonsense like this, e.g. Peter "Can't Locate China on a Map" Navarro. The problem is that he listens to them and not his more sensible, experienced advisers.

He already fired Sloppy Steve, he just needs to finish the job and fire the rest of the cuckoos too.
betiko wrote:When exactly has china not been the king of the world?

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