Trump Tries to Force Xi to Make a Deal

Trump has imposed a 104 percent tariff on Chinese goods

As of 9pm EST, the United States started imposing a whopping 104 percent tariffs on Chinese imports. The extra 50 percent was added this evening because US President Donald Trump claimed China refused to back down from its counter tariffs.

Beijing refused to bow to what it called "blackmail" and vowed to "fight to the end."

Trump said at a black-tie dinner tonight that China "wants to make a deal, badly, but they don't know how to get it started."

Will Xi bargain with Trump to lower tariffs?

He seems to be trying to force President Xi Jinping to come to the negotiation table, but will Xi concede the need to make a deal?

So far Xi has been pretty aloof, but with tariffs at 104 percent surely he has to act now.

However, the US is more dependent on China than Trump cares to admit. 

At the same time there is no way the US will fulfill Trump's vision of manufacturing moving back to America again. 

Can you imagine Americans actually standing for hours on end assembling iPhones or sewing denim jeans being paid by the piece?

It's not going to happen. Manufacturing went off shore back in the 1990s and labour costs are too prohibitive for them to return to the US, let alone finding people willing to do that work.

People online are speculating whether Walmart will raise prices 104 percent to match the tariffs. If that happened that could spell the end of Walmart!

Now people are starting to realise how dependent they are on imported goods, and what this means for their wallet.

For everyone outside of the US, how about we cut America out and make a deal on trade?