Trump’s Trade War Is Getting Real

Last week President Trump increased tariffs on Chinese goods entering the US. Today China retaliated. Now the ball is back in our court:

The U.S. is looking to up the stakes further with the office of the U.S. Trade Representative also planning on Monday to announce details of an even larger tranche of tariffs on China’s goods than the one imposed last week.

U.S. Trade Representative Robert Lighthizer said in a statement Friday that the president has ordered all remaining imports from China that aren’t yet subject to duties to face the tariffs….The office of the USTR will publish details of the next tariff increase on its website Monday “as we begin the process prior to a final decision on these tariffs,” the statement said.

I’ve long figured that the real test here is whether Trump is willing to raise tariffs on iPhones to 25 percent. What would happen then? Would Apple just eat the extra taxes and keep its price the same? Or would the price of iPhones be raised by some amount?

This whole trade war seems sort of distant to most people who aren’t farmers, but 25 percent tariffs on consumer goods from China would suddenly get everyone’s attention. I guess we’ll know in a couple of months.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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