in

Trump Readies $200 Billion In New Tariffs To Punish China

China’s free ride is over, and Trump is playing hardball with the authoritarian communist regime on trade

President Donald Trump told his aides yesterday that it is time to escalate the trade war that is being waged by the US against China. He wants another $200 billion in tariffs levied on certain Chinese products until they reverse their unfair trade policies.

Trump met with Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross and US Trade Representative Robert Lighthizer on Thursday to demand these tariffs, but his aides are hesitant to implement them right away due to concerns raised by the public.

Despite the administration’s hesitation to act right away in implementing these new tariffs, Trump remains adament that he has the upper hand in this struggle and refuses to bend to the will of the Chinese communists.

Trump has also threatened to levy tariffs on an additional $267 billion worth of Chinese imports. This would penalize pretty much every Chinese import that comes into America. Trump claims that these additional tariffs are “ready to go on short notice.”

Before Trump is willing to make a deal, he wants China to help reduce America’s trade deficit with the country as well as strengthen intellectual property protections for US companies. These moves would go a long way to making the relationship between China and the US less one-sided. It would become symbiotic rather than parasitic, and both nations can improve their prosperity together.

The Chinese communists once thought they had America by the short hairs, but that may not be the case with the great deal-maker occupying the Oval Office.

Written by Joshua Finkelberg

Joshua Finkelberg is a contributor for The Schpiel.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Loading…

0

Comments

comments

Dalai Lama: ‘Europe Belongs To Europeans’

Venezuela’s Communist Saviors?