What seems to be missing is blaggart Trump not only said he’d raise the 10% tariffs already in place but he’d add 25% on $ 200 bill goods more. This seems as much a backdown than anything else. But it is an action nevertheless he says is good for the economy. He also says it’s not a cost to Americans because the Chinese have to pay it?? The man certainly said the same about the wall didn’t he??. Americans don’t have to pay?? (ODT)

Donald Trump’s top trade advisors have accused China of reneging on promises made during recent negotiations and confirmed that the US will increase tariffs on US$200 billion ($286 billion) worth of goods this week.

When the US President tweeted about the tariff hike on Sunday, local time, many investors and analysts hoped it was a short-term negotiating tactic designed to extract a better deal from China.

via ‘An erosion of commitments’: Trade talks in trouble as US accuses China of backtracking