Tag: Tariffs

How Will America’s Chinese Tech Ban Affect 5G?

Guest Post

There is no doubt that the global geopolitical climate has changed significantly since 2016, thanks largely to the election of Donald Trump as the President of the U.S. One of the key manifestations of this is Trump’s uniquely protectionist approach, which has led to an ongoing trade war with China and other nations across the globe. Last year, the U.S. imposed three rounds of tariffs on more than $250 billion worth of Chinese goods, whilst the Asian nation’s government responded in kind by imposing similar tariffs ranging from 5% to 25% on $110 worth of American products.

We’ve also seen a high-profile row surrounding the rollout of 5G technology that has originated in China, and this shows no sign of ending anytime soon. But how will the U.S. ban on these Chinese tech companies affect the development and rollout of this technology?

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President Trump Declares Trade War on Everybody

Garrett Summers | @g_summ300

The Trump administration has been a huge advocate for tariffs. Recently, the administration increased them on Chinese imports. The administration has also removed India from special trade status. This means Indian imports will be subject to billions of dollars in tariffs. The president further threatened to levy tariffs against Mexico if the government does not do more to stop the influx of migrants crossing into the U.S. illegally. But China and Mexico are the #1 and #3 importers to the U.S., respectively. Trump, with his trade war, will raise prices for the average consumer.

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President Trump Has an Ambitious New Immigration Plan

Garrett Summers | @g_summ300

President Trump recently addressed a group of media and political officials in the White House Rose Garden to unveil his new plan to reform the US immigration system. Many ambitious changes will be made to a system that hasn’t seen much reform in the past few decades. The President wishes to create a Border Security Fund that will be supported by fees from trade on the US-Mexico border. With this fund, the President wishes to develop new technology that will scan “100% of everything” crossing the border. He went on to announce that over 400 miles of border wall should be finished by the end of 2020. President Trump also rolled out his plan to change the asylum and immigration systems.

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A Trade War With China Will Be a Disaster

Jack Parkos | @laissez_faire76

President Trump has decided to raise tariffs on China from 10% to 25%, effectively declaring a trade war, and took to Twitter to justify his decision.

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Bill Weld Announces 2020 Presidential Run

John Keller | @keller4liberty

Former Governor of Massachusetts Bill Weld announced today he is running for president against Donald Trump, hoping to secure the Republican nomination.

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