Loading ...China Unveils ‘Trumpian’ Tariffs On All Foreign Goods
Having glad-handed with President Obama just this morning, and complained of a “sluggish global economy,” that ironically his credit-fuelled mal-investment maelstrom enabled via its deflationary forces, Chinese President Xi appears to have moved on from currency wars to protectionism as WSJ reports China is tightening its grip on cross-border e-commerce, imposing a new tax system on all overseas purchases. While Trumpian tariffs are dismissed as crazy talk by America’s establishment, it seems China took first-mover advantage to boost “Made-in-China” products at the expense of the rest of the world.
http://www.zerohedge.com/news/2016-03-31/china-unveils-trumpian-tariffs-all-foreign-goods