July 11, 2018
It looks like Trump is going to keep slapping tariffs on China until they come to their senses and strike a fair trade deal. Even if they don’t, we still win in the end.
The President is readying another round of tariffs on China. Considering the massive trade deficit the United States has with the chinks, this is definitely the right move. The more tariffs the better.
The Trump administration on Tuesday published a list of $200 billion worth of Chinese goods that it proposes to hit with an additional 10 percent tariff, escalating a mounting trade war between the two countries.
“Rather than address our legitimate concerns, China has begun to retaliate against U.S. products,” U.S. Trade Representative Robert Lighthizer said in a statement. “There is no justification for such action.”
The move also comes after the U.S. last week imposed a 25 percent tariff on $34 billion worth of Chinese goods, prompting China to retaliate in lockstep. China immediately began adding tariffs on 545 American imports — many of them agricultural products such as soybeans, cotton, rice, sorghum, beef, pork, dairy, nuts and produce. Both countries have also pledged to add tariffs on another $16 billion worth of goods.
The latest action carries through on a threat that President Donald Trump made in June, when he ordered trade officials to draw up a list of $200 billion worth of Chinese goods that would be hit with a 10 percent tariff after Beijing vowed the retaliatory moves.
The United States currently has a trade deficit in goods floating around $800 billion a year with China. That number hit record levels this year.
If China refuses to strike a fair trade deal, Trump should slap as many tariffs on their products as possible. It’s of little consequence if we have to pay more for their poorly made chink crap. It just means that people will be more likely to buy American products. It also means more jobs and higher wages for the American worker.
And besides, it’s time for “Made in the USA” to make a comeback. Before this massive trade imbalance came about, most people considered Chinese products to be of inferior quality. American made products were always of higher quality because they were made by White men who took pride in their work. It was also considered the patriotic duty of Americans to buy American made products.
The fact of the matter is that China has screwed the United States on trade for many years. They’ve made it difficult to impossible for American companies to access the Chinese market. At the same time, Chinese companies have been allowed to access the American market with few barriers.
This era of insanity is coming to an end thanks to Trump. It’d be in the chinks best interest to recognize this and strike a deal that’s fair for both parties.