|
To receive daily emails from Breaking Christian News to your inbox CLICK HERE
China Caves to Trump on Tariffs Again"...Remember that we are the deficit country. They sell almost five times more goods to us than we sell to them. So the onus will be on them to take off these tariffs. They're unsustainable for them." -Treasury Secretary Scott Bessent
The communist regime had desperately slapped this tariff on US ethane earlier this month in a failed attempt to counter Trump's brilliant Liberation Day tariff offensive. Obviously, it couldn't sustain the tariff—China depends on American ethane for its survival, gobbling up about half of our total ethane exports annually, according to federal energy data. The reality is that major Chinese manufacturers like Satellite Chemical, SP Chemicals, Sinopec, Sanjiang Fine Chemical, and Wanhua Chemical Group can't function without American ethane from powerhouse US suppliers Enterprise Products Partners and Energy Transfer. Ethane is just the latest addition to a growing list of American products that China has quietly exempted from its retaliatory tariffs in the ongoing trade war with the United States. This is what winning looks like. Just last week, Chinese officials began rolling back tariffs on American semiconductors. They've also quietly removed duties on pharmaceuticals and aircraft engines. So much for the hysterical predictions that Trump's trade policies would wreck the US economy— it turns out that all that doom and gloom should have been reserved for China, which has realized the hard way that it needs the United States more than the United States needs China. News of China lifting tariffs on US ethane comes on the heels of a warning from Treasury Secretary Scott Bessent, who made it clear that Trump's trade strategy is hitting Beijing where it hurts. "I think that over time we will see that the Chinese tariffs are unsustainable for China," Bessent told reporters from the White House on Tuesday... Subscribe for free to Breaking Christian News here Continue reading Here.
To receive daily emails from Breaking Christian News to your inbox CLICK HERE
Other Recent Articles from Breaking Christian News Trump Grants Federal Workers Two Additional Christmas Holidays America Fest 2025: Erika Kirk Endorses 'My Husband's Friend' JD Vance for President Brent Bozell Confirmed as US Ambassador to South Africa Jury Quickly Convicts Judge Who Helped Illegal Migrant Escape ICE Feds Estimate Somali-Linked Fraud in Walz's Minnesota Could Top $9 Billion Brown, MIT Shooter Found Dead for Days in NH Storage Unit; Motive Still a Mystery House Passes Bill to Criminalize Transgender Mutilation of Children MOVIEGUIDE's Review of the New Animated Film: DAVID Massachusetts Drops Controversial Gender Ideology Mandate for Licensing Foster Care Parents Nearly 40% of Women Suffer Severe Grief for Years after Abortion, Miscarriage: Study Former Pfizer Vice President: COVID Shots Were 'Designed to Cause Injury,' Reduce Fertility Dutch Sheets Shares a Warning from the US National Counterterrorism Center Venezuela: Trump's Pressure Campaign and Maduro's Fury President Trump Charts Accomplishments and Previews Future Policies during His Primetime Address Hobby Lobby Giving Away Half a Million Copies of Book Defending Biblical Christmas Story [Video] Geothermal Blind Power Site Discovered in Nevada Search the Articles Archives |
All articles on this site and emails from BCN are copyrighted property of Breaking Christian News. Permission is given to link to, or share a BCN story if proper attribution is given to both the original writer and summarizer of the story. Breaking Christian News 2005-2019. All Rights Reserved.
Breaking Christian News is a division of Elijah List Publications, Inc. All Rights Reserved
Disclaimer: Articles and links, as well as the source articles linked to; do not necessarily reflect the opinion of Breaking Christian News.
| Home | Store | Subscribe | Facebook | Article Archive |