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China announces retaliatory tariffs on 106 items after USA proposes 1300 possible tariff increases

COGwriter

The USA and China keep upping the stakes in trade matters:

China Announces $50 Billion in Retaliatory Tariffs on US Goods

April 4, 2018

China announced Wednesday it plans to impose tariffs on $50 billion worth of U.S. goods in response to a similar package announced by the United States.

The Chinese measures would boost tariffs by 25 percent on 106 U.S. products, including soybeans, aircraft and cars.

China’s commerce ministry responded with its own measures less than 11 hours after the U.S. issued a proposed list of Chinese goods. The ministry said the question of when the measures will go into effect will depend on when the U.S. tariffs become active.

U.S. President Donald Trump announced his intention to impose $50 billion in increased tariffs on Chinese products last month, and on Tuesday the U.S. Trade Representative released a proposed list of 1,300 goods including aerospace, medical and information technology products. …

Unlike the U.S. list, which includes many obscure industrial goods, China’s list targets cotton, frozen beef, soybeans and other agricultural products that are produced in states from Iowa to Texas that favored Trump in the 2016 presidential election.

The U.S.-China dispute has fueled concern it could stymie a global economic recovery if other countries raise their own import barriers.

The prospect of a trade war between the world’s two largest economies has also worried stock market investors. U.S. markets were set to open lower Wednesday.

Trump, however, dismissed the notion of a U.S.-China trade war on Wednesday, tweeting that previous U.S. administrations weakened the country’s ability to defend itself on trade matters.

“We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!” https://www.voanews.com/a/china-announces-50-billion-in-retaliatory-tariffs-on-us-goods/4331805.html

Here is the list from China:

April 4, 2018

China announced additional tariffs on 106 U.S. products Wednesday, in a move likely to heighten global concerns of a tit-for-tat trade war between the world’s biggest economies.

The effective start date for the new charges will be revealed at a later time, though China’s Ministry of Commerce said the tariffs are designed to target up to $50 billion of U.S. products annually.

Below is the full list of products that are set to be subject to duties.

  1. Yellow soybean
  2. Black soybean
  3. Corn
  4. Cornflour
  5. Uncombed cotton
  6. Cotton linters
  7. Sorghum
  8. Brewing or distilling dregs and waste
  9. Other durum wheat
  10. Other wheat and mixed wheat
  11. Whole and half head fresh and cold beef
  12. Fresh and cold beef with bones
  13. Fresh and cold boneless beef
  14. Frozen beef with bones
  15. Frozen boneless beef
  16. Frozen boneless meat
  17. Other frozen beef chops
  18. Dried cranberries
  19. Frozen orange juice
  20. Non-frozen orange juice
  21. Whiskies
  22. Unstemmed flue-cured tobacco
  23. Other unstemmed tobacco
  24. Flue-cured tobacco partially or totally removed
  25. Partially or totally deterred tobacco stems
  26. Tobacco waste
  27. Tobacco cigars
  28. Tobacco cigarettes
  29. Cigars and cigarettes, tobacco substitutes
  30. Hookah tobacco
  31. Other tobacco for smoking
  32. Reconstituted tobacco
  33. Other tobacco and tobacco substitute products
  34. SUVs with discharge capacity of 2.5L to 3L
  35. Other vehicles equipped with an ignited reciprocating piston internal combustion engine and a drive motor that can be charged by plugging in an external power source. Cylinder capacity displacement exceeding 2500ml, but not exceeding 3000ml for SUVs (4 wheel drive)
  36. Vehicles with discharge capacity of 1.5L to 2L
  37. Other vehicles equipped with an ignited reciprocating piston internal combustion engine and a drive motor that can be charged by plugging in an external power source. Cylinder capacity displacement exceeding 1000ml, but not exceeding 1500ml for SUVs (4 wheel drive)
  38. Passenger cars with discharge capacity 1.5L to 2L, 9 seats or less
  39. Other vehicles equipped with an ignited reciprocating piston internal combustion engine and a drive motor that can be charged by plugging in an external power source. Cylinder capacity displacement exceeding 1000ml, but not exceeding 1500ml for 9 passenger cars and below
  40. Passenger cars with discharge capacity of 3L to 4L, 9 seats or less
  41. Other vehicles equipped with an ignited reciprocating piston internal combustion engine and a drive motor that can be charged by plugging in an external power source. Cylinder capacity displacement exceeding 3000ml, but not exceeding 4000ml for 9 passenger cars and below
  42. Off-road vehicles with discharge capacity of 2L to 2.5L
  43. Other vehicles equipped with an ignited reciprocating piston internal combustion engine and a drive motor that can be charged by plugging in an external power source. Cylinder capacity displacement exceeding 2000ml, but not exceeding 2500ml for off-road vehicles
  44. Passenger cars with discharge capacity of 2L to 2.5L, 9 seats or less
  45. Other vehicles equipped with an ignited reciprocating piston internal combustion engine and a drive motor that can be charged by plugging in an external power source. Cylinder capacity displacement exceeding 2000ml, but not exceeding 2500ml for 9 passenger cars and below
  46. Off-road vehicles with discharge capacity of 3L to 4L
  47. Other vehicles equipped with an ignited reciprocating piston internal combustion engine and a drive motor that can be charged by plugging in an external power source. Cylinder capacity displacement exceeding 3000ml, but not exceeding 4000ml for off-road vehicles
  48. Diesel-powered off-road vehicles with discharge capacity of 2.5L to 3L
  49. Other vehicles equipped with an ignited reciprocating piston internal combustion engine and a drive motor that can be charged by plugging in an external power source. Cylinder capacity displacement exceeding 2500ml, but not exceeding 3000ml for diesel-powered off-road vehicles
  50. Passenger cars with discharge capacity of 2.5L to 3L, 9 seats or less
  51. Other vehicles equipped with an ignited reciprocating piston internal combustion engine and a drive motor that can be charged by plugging in an external power source. Cylinder capacity displacement exceeding 2500ml, but not exceeding 3000ml for 9 passenger cars and below
  52. Off-road vehicles with discharge capacity of less than 4L
  53. Other vehicles equipped with an ignited reciprocating piston internal combustion engine and a drive motor that can be charged by plugging in an external power source. Cylinder capacity displacement not exceeding 4000ml for off-road vehicles
  54. Other vehicles which are equipped with an ignited reciprocating piston internal combustion engine and a drive motor and can be charged by plugging in an external power source
  55. Other vehicles that are equipped with a compression ignition type internal combustion engine (diesel or semi-diesel) and a drive motor, other than vehicles that can be charged by plugging in an external power source
  56. Other vehicles which are equipped with an ignition reciprocating piston internal combustion engine and a drive motor and can be charged by plugging in an external power source
  57. Other vehicles that are equipped with a compression-ignition reciprocating piston internal combustion engine and a drive motor that can be charged by plugging in an external power source
  58. Other vehicles that only drive the motor
  59. Other vehicles
  60. Other gasoline trucks of less than 5 tons
  61. Transmissions and parts for motor vehicles not classified
  62. Liquefied Propane
  63. Primary Shaped Polycarbonate
  64. Supported catalysts with noble metals and their compounds as actives
  65. Diagnostic or experimental reagents attached to backings, except for goods of tariff lines 32.02, 32.06
  66. Chemical products and preparations for the chemical industry and related industries, not elsewhere specified
  67. Products containing PFOS and its salts, perfluorooctanyl sulfonamide or perfluorooctane sulfonyl chloride in note 3 of this chapter
  68. Items listed in note 3 of this chapter containing four, five, six, seven or octabromodiphenyl ethers
  69. Contains 1,2,3,4,5,6-HCH (6,6,6) (ISO), including lindane (ISO, INN)
  70. Primarily made of dimethyl (5-ethyl-2-methyl-2oxo-1,3,2-dioxaphosphorin-5-yl)methylphosphonate and double [(5-b Mixtures and products of 2-methyl-2-oxo-1,3,2-dioxaphosphorin-5-yl)methyl] methylphosphonate (FRC-1)
  71. 38248600a articles listed in note 3 to this chapter containing PeCB (ISO) or Hexachlorobenzene (ISO)
  72. Containing aldrin (ISO), toxaphene (ISO), chlordane (ISO), chlordecone (ISO), DDT (ISO) [Diptrix (INN), 1,1,1-trichloro-2 ,2-Bis(4-chlorophenyl)ethane], Dieldrin (ISO, INN), Endosulfan (ISO), Endrin (ISO), Heptachlor (ISO) or Mirex (ISO). The goods listed in note 3 of this chapter
  73. Other carrier catalysts
  74. Other polyesters
  75. Reaction initiators, accelerators not elsewhere specified
  76. Polyethylene with a primary shape specific gravity of less than 0.94
  77. Acrylonitrile
  78. Lubricants (without petroleum or oil extracted from bituminous minerals)
  79. Diagnostic or experimental formulation reagents, whether or not attached to backings, other than those of heading 32.02, 32.06
  80. Lubricant additives for oils not containing petroleum or extracted from bituminous minerals
  81. Primary Shaped Epoxy Resin
  82. Polyethylene Terephthalate Plate Film Foil Strips
  83. Other self-adhesive plastic plates, sheets, films and other materials
  84. Other plastic non-foam plastic sheets
  85. Other plastic products
  86. Other primary vinyl polymers
  87. Other ethylene-α-olefin copolymers, specific gravity less than 0.94
  88. Other primary shapes of acrylic polymers
  89. Other primary shapes of pure polyvinyl chloride
  90. Polysiloxane in primary shape
  91. Other primary polysulphides, polysulfones and other tariff numbers as set forth in note 3 to chapter 39 are not listed.
  92. Plastic plates, sheets, films, foils and strips, not elsewhere specified
  93. 1,2-Dichloroethane (ISO)
  94. Halogenated butyl rubber sheets, strips
  95. Other heterocyclic compounds
  96. Adhesives based on other rubber or plastics
  97. Polyamide-6,6 slices
  98. Other primary-shaped polyethers
  99. Primary Shaped, Unplasticized Cellulose Acetate
  100. Aromatic polyamides and their copolymers
  101. Semi-aromatic polyamides and their copolymers
  102. Other polyamides of primary shape
  103. Other vinyl polymer plates, sheets, strips
  104. Non-ionic organic surfactants
  105. Lubricants (containing oil or oil extracted from bituminous minerals and less than 70% by weight)
  106. Aircraft and other aircraft with an empty weight of more than 15,000kg but not exceeding 45,000kg
 — This list was translated by CNBC and Google translate. https://www.cnbc.com/2018/04/04/china-new-us-tariffs-including-soy-cars-and-chemicals.html

Many industries in the USA will be affected by these tariffs once they more fully are in place.

Of course, regular readers of this COGwriter Church of God News page are aware that I have been warning about coming trade disputes for years. Notice the following two posts from 2013:

For at least two decades, I have believed that a split would happen between the USA and the Europeans partially because of how the Europeans will view how the USA handles/mishandles bilateral trade issues (USA debt, GMO foods, relative military decline of the USA, weather, etc. are likely to be other factors).

Thus, it is possible that a major trade deal will be the prelude for the disappointment to come. (Thiel B. Possible USA-EU trade deal: A prelude to the end? COGwriter, June 18, 2013)

Trade wars and other economic disagreements will be part of how European leaders will persuade many Europeans that the USA is not a friend, but an enemy. This is consistent with what I have been warning for years. …

The European Union is larger than the USA, generally has a total economic output greater than that of the USA, is (in some areas) becoming more technologically advanced than the USA, and can exert unique pressures on the USA. (Thiel B. EU Commissioner: USA espionage is for economic advantage, not terrorism. COGwriter, October 30, 2013)

Here is something posted here a day before Donald Trump took office in 2017:

Trade wars have causalities and tariffs increase prices and can cause inflation.

Various nations will not like the policies that Donald Trump has advocated. …

There is a cost to trade wars and tariffs. Those who think otherwise are fooling themselves. (Thiel B. ‘America’s Tariff Trouble’. COGwriter.com, January 19, 2017)

Trade issues were one of the 18 items to prophetically watch in 2018 I put together in December 2017.

Furthermore, here is some of what I wrote in the Personal column of the January-March 2018 edition of Bible News Prophecy magazine:

The Church of God has warned about trade issues for decades. And in the past year, we have seen many developments that align with what we have been saying that Bible prophecy foretells.

Back in 1971, the late Pastor General of the old Worldwide Church of God Herbert W. Armstrong wrote the following:

Trade War Looming to Trigger World War III?

Either we start raising high tariff barriers against other countries, starting a TRADE WAR which in time will trigger the nuclear war that will DESTROY US – or, American workers are going to have to MEET the competition of the workers in other countries , by lowering living standards. Obviously American workers are not going to choose to do the latter. And if they don’t – well, THE HANDWRITING IS ON OUR NATIONAL WALL. (Armstrong HW. Trade War Looming to Trigger World War III? Plain Truth, March 1971)

And while his basic impression of timing was off it is correct that trade issues will be a factor that will trigger WWIII. A war that will be against the USA, Canada, and UK by a power that will reorganize (Revelation 17:12-13). A Europe that is angry at the UK for Brexit and one that is mad at the USA for a host of reasons (including decisions of its President Donald Trump and its Congress). …

Trade wars increase costs and international tensions.

It should also be noted that at least partially due to sanctions talk from US President Trump, in late 2017, China, Russia, and Venezuela took steps to move away from the US dollar as the world’s primary reserve currency. The eventual loss of the US dollar’s status as the world’s main reserve currency will harm the economy of the USA in many ways. While that is not going to happen in 2018, trade disputes/sanctions are pushing more of the world away from the US dollar.

Furthermore, with the vote in the United Kingdom to exit from the European Union (called Brexit) and the election of Donald Trump in the USA, this has caused a greater separation from Europe, and the USA and UK both are seeking greater trade ties with each other. Mexico is looking to Europe. Europe is looking to Latin America and Asia.

Notice an item from the German press:

Europe must be ready to find new economic partners in Asia when the president destroys the existing world economic order. (Riegert B. The EU has to stand up to Donald Trump. Deutsche Welle, January 31, 2017)

In a sense, this has happened. In 2017, European, and in particular German, leaders were actively courting trade as the USA dropped its participation in the Trans-Pacific Partnership agreement (TPP) and made took other steps against certain existing trade arrangements. …

We in the Continuing Church of God “have also a more sure word of prophecy; whereunto ye do well that ye take heed, as unto a light that shineth in a dark place, until the day dawn, and the day star arise in your hearts” (2 Peter 1:19, KJV).”

Trade disputes are beginning to be more pronounced.

There is a cost to trade disputes.

This, ultimately, will not end well for the USA.

Some items of possibly related interest may include:

Trade Wars: Are COG warnings coming to pass? Trade issues, tariffs, and talk of trade wars are in the news. Can trade wars lead to World War III like they did to World War II? Are the events going on with the USA, UK, Asia, and Europe consistent with warnings published by the true Church of God (COG) over the past several years and decades? Do Germany and China hope to take advantage of trade frictions involving the Trump Administration and the Trans-Pacific Partnership agreement? What about Mexico and South America? Does the Bible teach that Europe will become a major trading power? Will the final European Babylonian trading power be destroyed? Dr. Thiel addresses these issues and more in this video.
18 items to prophetically watch in 2018 Much is happening. Dr. Thiel points to 18 in this article. Here is a link to a related sermon: 18 items to prophetically watch in 2018.
Donald Trump and Mexico’s future Mexico has increasingly been in the news because of statements and policies of US President Donald Trump. Many in Mexico are not intending to sit back and accept whatever Donald Trump attempts to force them to do. What will happen to Mexico? Will it make trade deals with Europe? Will it ultimately go to was against the USA? Will the Mexican economy drop at times and then improve? Dr. Thiel answers these questions and more in this video.
US Dollar being challenged by Gold-Petro-Yuan The US dollar has been the world’s primary reserve currency for decades. Is this about to change? What is going on with the Chinese yuan and oil and gold? What do the BRICS nations want? What did Venezuela do? Do the Europeans want to dislodge the US dollar as the world’s primary reserve currency? Does US debt play any role? Does the Bible tell us what will happen to the USA and its dollar? What happens if the USA loses its status? Will gold outlast the US dollar? Dr. Thiel addresses those issues and more in this video.
Gentile Cryptocurrency Proposal Two Russian leaders have called for a BRICS-wide and/or EAEU-wide cryptocurrency. This is hoped to be used to replace the US dollar for international trade. BRICS stands for Brazil, Russia, India, China, and South Africa. The BRICS nations represent 3.6 billion people. The EAEU includes Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. Will Gentiles rise up? Are there any prophetic ramifications of what these nations are looking to do? This is a video.
World War III: Steps in Progress Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? Does the Bible promise protection to all or only some Christians? How can you be part of those that will be protected? A related video would be Is World War III About to Begin? Can You Escape?
Forbes’ Brexit Monster is the Beast of Revelation Various ones have been properly convinced that there is a plan for a European superstate. Forbes’ writer Tom Worstall wrote that the Brexit vote was about the United Kingdom “not joining the monster of the European Union to come.” The Bible tells of a Beast monster that will arise in the end times in Europe. Dr. Thiel cites news reports, as well as the Old and New Testaments, to show that the monster many fear will arise in Europe, despite the vote by the British to exit the European Union.
Post Brexit Prophecy On June 23, 2016, the voters of the United Kingdom of Great Britain and Northern Ireland (UK) chose to leave the European Union. Now with this BRitish EXIT (Brexit) vote, what is prophesied to happen to the UK? Will the UK do well or be taken over and made slaves? Dr. Thiel explains from biblical prophecies what is ahead for the UK, Europe, and even the USA, Canada, Australia, and New Zealand. This is a video.
How To Determine If Someone is a True Prophet of God There are many false prophets. How can Christians determine who is a true prophet? There is also a sermon-length video titled How to determine if someone is a true prophet of God. Here is a related link in Spanish/español: ¿Cómo determinar si alguien es un verdadero profeta de Dios?
Just What Do You Mean — Repentance? Do you know what repentance is? Have you truly repented? Repented of what? Herbert W. Armstrong wrote this as a booklet on this important subject.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here is a link to a video titled: The Future King of the North.
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2026 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
When Will the Great Tribulation Begin? 2018, 2019, or 2020? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2018 o 2019? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Can the Great Tribulation begin in 2018?
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.
WTO/TTIP and the Babylonian Beast Will international trade agreements like WTO/TTIP/CETA lead to the fulfillment of end time prophecies concerning the Babylonian Beast power that the Book of Revelation warns against? What does the Bible teach? A related video would be WTO Trade Deal and the Rise of the European Beast Power.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be: Are Chinese threats against Australia for real?
Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
Donald Trump in Prophecy Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? Two related videos are available: Donald: ‘Trump of God’ or Apocalyptic? and Donald Trump’s Prophetic Presidency.
Trump Presidency Magic 8 Ball or Bible Prophecy? BBC reported that one might as well use a ‘Magic Eight-Ball’ to try to predict what will happen in the remaining time of Donald Trump’s presidency. What is a ‘Magic Eight-Ball’? Dr. Thiel not only explains that, but also briefly goes over 10 biblically-based warnings he wrote would happen if Donald Trump were elected that have already began to come to pass. He also goes over something he wrote back in 2008 that the Trump presidency is also helping lead to fulfillment. Should you trust Bible prophecy or not? Dr. Thiel says that Bible prophecy can be trusted, despite the view of skeptics and others that either overlook or despise the Bible. This is a video.
Donald Trump and America’s Apocalypse This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America’s Apocalypse.
Donald Trump and America’s Apocalypse-Kindle Edition This electronic version of the 188 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Donald Trump and America’s Apocalypse-Kindle Edition.

This entry was posted on Wednesday, April 4th, 2018 at 7:00 am and is filed under Prophecy.



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