Trump Says Biden Administration’s Talk of Lifting China Tariffs Is ‘Terrible Mistake’

Contact Your Elected Officials
The Epoch Times Header

Former President Donald Trump said it would be a “terrible mistake” if the Biden administration decided to combat inflation by lifting tariffs on Chinese goods. Moreover, Trump said such a decision would make the United States look “weak.”

“Believe it or not, it is looking more and more like the United States is getting ready to remove the tariffs on China. This would be a terrible mistake,” Trump said in a statement released on his Truth Social account on July 5.

“Doing this would be the greatest gift that China could ever receive,” he continued. “Taking these tariffs off would be a clear signal that the United States is weak, ineffective, and doing business as usual.”

Trump began hitting China with tariffs after a U.S. Trade Representative (USTR) investigation in 2018 found that the communist regime was engaging in illegal practices, including excessive government subsidies and intellectual property theft.

Beijing retaliated by slapping tariffs on U.S. goods, bringing the two nations into a trade war.

The two countries signed a trade deal in January 2020, requiring China to buy an additional $200 billion in U.S. goods and services during 2020 and 2021, compared to 2017 levels.

However, the Chinese Communist Party (CCP) hasn’t fulfilled its promises under the deal. According to the Peterson Institute for International Economics (PIIE), China bought only 57 percent of the U.S. exports it had promised to buy. In other words, the Chinese regime “bought none of the additional $200 billion of exports Trump’s deal had promised,” PIIE’s senior fellow Chad Bown stated.

Inflation

It has been more than a month since the Biden administration revealed that it was considering removing the Trump-era China tariffs. In June, U.S. Treasury Secretary Janet Yellen told a House hearing that “some reductions may be warranted and could help to bring down the prices of things that people buy that are burdensome.”

U.S. inflation jumped to 8.6 percent in May, the highest level in 40 years.

By Frank Fang

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Katie Porter Syndrome: Toxic Feminism 101

“Katie Porter Syndrome” is a pathology inflicted upon Congressional staffers, the media, and, if the patient gets herself elected governor, all of CA.

The Unique European Social Contract: Effectiveness Over Values

American conservatives often ground their political stances on social issues. The European conversation centers on an effectiveness assessment.

Trump’s Middle East Triumph is Worth Celebrating Even As Peace Remains Elusive 

President Trump’s bold foreign policy defies globalist appeasement, showcasing unwavering American strength and decisive leadership on the world stage.

Are conservatives fighting a fiction of woke?

Wokery, it hurts to say it, is too disorganized to have an organized cosmology or doctrine of metaphysical belief.

Illinois Democrat Offenders Reveal Party

The crime of J.B Pritzker and Brandon Johnson in this episode of American history is called subversion at the least , but could be as serious as treason.

Katie Porter Syndrome: Toxic Feminism 101

“Katie Porter Syndrome” is a pathology inflicted upon Congressional staffers, the media, and, if the patient gets herself elected governor, all of CA.

Biden Undergoing Radiation, Hormone Treatment for Prostate Cancer

Former President Biden has begun receiving a combination of radiation and hormone treatments for prostate cancer, spokesperson announced.

Gaza Citizens Begin Returning Home Amid Cease-Fire

Palestinians began returning to their homes on Oct. 11 as the cease-fire between Israel and terror group Hamas got underway.

Homan Says DOJ Probing Funding Behind ‘Organized’ Attacks on ICE

Border czar, Homan said DOJ launched an investigation into funding for what he called “organized” attacks on federal immigration enforcement agents.

First Lady’s Effort Helped Reunite 8 War-Displaced Children With Their Families

First lady Melania Trump said 8 children impacted by the fighting between Ukraine and Russia were reunited with their families on Oct. 9.

Trump Admin Agrees to $20 Billion Rescue Plan for Argentina

The U.S. government has finalized a $20 billion economic rescue plan for Argentina, Treasury Secretary Scott Bessent announced on Oct. 9.

Trump Says He May Invoke Insurrection Act in Portland If Necessary

President Donald Trump on Oct. 6 said he may consider invoking the Insurrection Act in Portland, Oregon, if necessary.

Trump: All Medium, Heavy Duty Trucks Entering US Will See 25 Percent Tariff on Nov. 1

President Trump announced on Monday that all medium and heavy-duty trucks entering the United States will see a 25 percent tariff starting on Nov. 1.
spot_img

Related Articles

Popular Categories

MAGA Business Central