Unconventional Moniker for Donald Trump Coined by the Chinese
Trump's latest moniker in China, courtesy of social media memes, is "The Lord of Endless Tariffs" or the "Grandpa of the 10,000 Tariff." This nickname reflects the gigantic import taxes he imposed on Beijing and other trade partners.
These tariffs have effectively turned the world's two biggest economies into standoffish competitors, with U.S. tariffs reaching 145% on Chinese goods and Chinese tariffs soaring to 125% on American products—more akin to mutual embargoes than fair trade.
Trade disputes can be peculiar, as Trump's recent moves against Boeing demonstrate. He openly criticized China for backing out on Boeing plane orders, going as far as suggesting that Boeing should default China for failing to take delivery of committed planes[1]. This is an unusual move for a U.S. president to openly take sides in commercial transactions involving a significant American manufacturer.
As part of his tariff policies, Trump hiked costs on Chinese imports, which in turn prompted China’s retaliation by forbidding airline purchases of Boeing jets[3]. This move is unusual since it targets one of America's key export industries—the aerospace sector—directly and significantly.
Trump has even threatened to raise tariffs on China again in the coming weeks, signaling a desire to escalate the trade war further[1]. This continuous tension has resulted in Chinese airlines canceling Boeing plane orders, with the CEO actively seeking new buyers for about 50 planes initially meant for China[2].
All told, Trump's hardline trade tactics have disrupted Boeing’s business with China, one of its major markets, during the trade war[1][2][3]. It's a classic case of states playing rough in the global market chessboard, with a shrewd player like Trump raising the stakes and shaking up the game.
- Donald Trump's tariffs on Chinese goods have escalated to 145%, while China responds with 125% tariffs on American products, resembling mutual embargoes rather than fair trade.
- In a peculiar move for a U.S. president, Trump openly criticized China for backing out on Boeing plane orders, suggesting that Boeing should default China for failing to take delivery of committed planes.
- As part of his tariff policies, Trump hiked costs on Chinese imports, which led China to retaliate by banning airline purchases of Boeing jets, directly affecting one of America's key export industries – the aerospace sector.
- Trump has threatened to raise tariffs on China again, potentially worsening the trade war and causing Chinese airlines to cancel Boeing plane orders, posing significant challenges for Boeing's business in one of its major markets.
