Many liberals in America are claiming that President’s Trump’s tariffs against China are hurting the United States more than it is hurting China.
They claim that crops are rotting in fields because of the tariffs.
Some are also blaming the recent announcement by General Motors of the closing of plants and laying off of thousands of workers on the tariffs.
They fail to acknowledge that GM says they are not financially hurting and that the cute are only to allow the to refocus on autonomous and electric cars – moves driven by liberals.
They are now hoping that when Trump and Jinping meet at this weekend’s G-20 summit in Buenos Aires that the two leaders will work out an amical trade deal which would end the tariffs.
Washington Examiner – Tariffs won’t change China, but the WTO might – All eyes at the G-20 summit in Buenos Aires this weekend will be on President Trump and Chinese President Xi Jinping. As trade tensions rise, global markets stall, and more tariffs loom on the horizon, it is time for a new strategy to address Beijing’s trade policy practices. Instead of self-defeating and quixotic tariffs, the United States should use the World Trade Organization to discipline China.
U.S. tariffs on imports from China have come in multiple stages over the course of 2018. Together, they form a response to a report from the Office of the U.S. Trade Representative finding that Beijing engages in a host of trade policy abuses, from forced technology transfers and intellectual property abuses to domestic subsidies and discriminatory licensing restrictions. For its part, Beijing has responded with tariffs on U.S. exports, which has led to a drastic reduction in agricultural exports to China.
To date, more than $250 billion of imports from China are subject to new tariffs, while $110 billion U.S. exports to China are subject to tariffs levied by Beijing. Declaring himself “a tariff person” in a recent interview with the Wall Street Journal, Trump also said it’s “highly unlikely” he would suspend additional tariff hikes scheduled to take effect Jan. 1, 2019…
Because China has refused to do anything to stop the stealing of US technology, liberals claim the tariffs are not impacting China at all.
They ignore earlier reports that parts of the Chinese economy is hurting and that the hurting is a direct result of the tariffs.
They also ignore reports that the impact of the tariffs has caused some internal political strife.
Even if Trump does manage to renegotiate a trade deal with China and remove some or all of the tariffs, the mainstream media and Democrats will still twist the truth to further vilify Trump.
The opinions expressed by columnists are their own and do not necessarily represent the views of Barb Wire.