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Rick Worthington Tariffs and Trade
by Rick Worthington, click here for bio

Program: Farm and Ranch Report
Date: September 24, 2018

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The ongoing trade war continues.

President Donald Trump says he's prepared to impose more tariffs on Chinese imports.

At the White House he says that the new tariffs would be a response to Beijing's announcement that it's retaliating against the Trump administration's imposition of a 10 percent tax on $200 billion of Chinese imports, to begin today (Monday 9/24).

If Trump ultimately enforces another round of tariffs against China, practically every Chinese good imported to the United States would be hit by higher tariffs.

Meanwhile - the president says the U-S needs to take steps to reduce the imbalance in trade with more than just China.

"We love Canada, we love the people of Canada, but they are in a position that’s not a good trade position for Canada,” he added. Trump also reiterated that the U.S. and Mexico had reached a tentative trade deal, which seemingly kicked NAFTA talks into overdrive."

Canada’s Foreign Affairs Minister Chrystia Freeland has been back and forth to Washington in recent weeks trying to bring home a deal.

Freeland insisted that the environment around negotiations is one of “good will and good faith,” but that Canada is fully prepared to walk away from NAFTA if a deal satisfactory to all parties cannot be reached.

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