(Video Credit: Reuters)
Former President Donald Trump slammed President Biden’s consideration of removing tariffs on China, declaring it a “terrible mistake” that “would be the greatest gift that China could ever receive.”
Biden has been mulling nixing the tariffs for months and has reportedly moved closer to doing so after confabbing with the Chinese. He has suggested that he could cut billions of dollars in U.S. tariffs on China-made products that were first imposed by Trump.
Politico is reporting that the president is considering the elimination of U.S. tariffs on $10 billion worth of China-made products including bicycles. Economists at the Economic Policy Institute (EPI) have noted that the move would do almost nothing to curb inflation. Many people wonder why Biden would do something that so obviously benefits the Chinese while hurting American businesses even more.
Trump slammed the potential action by Biden on Tuesday, stating that it would reward multinational corporations for outsourcing American manufacturing to China.
Biden’s plan to roll back the Trump administration’s tariffs on Communist China would be a step in the wrong direction, and it’s not a real solution to Biden’s inflation problem.
The USA must keep the pressure on Communist China while supporting our manufacturers here at home.
— Sen. Marsha Blackburn (@MarshaBlackburn) July 5, 2022
“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. These tariffs have brought many billions of dollars to our country, and made affected businesses, such as steel, viable again in the United States,” the former president said in a statement.
“Doing this would be the greatest gift that China could ever receive. Our farmers alone got $28 billion as a gift from me, that came directly out of the tariffs because of the way they were abused by China. Taking these Tariffs off would be a clear signal that the United States is weak, ineffective, and doing business as usual,” he continued.
In stark contrast to his wholly punitive approach toward Russia, Biden is stepping up his appeasement of China. After inexplicably excluding Taiwan from his Indo-Pacific Economic Framework, he is expected this week to roll back Trump-era tariffs on consumer goods from China.
— Brahma Chellaney (@Chellaney) July 5, 2022
Trump went on to excoriate Senate Republicans and Democrats who have lobbied Biden for months to cut tariffs on China. He took direct aim at Sens. Mike Crapo (R-Idaho) and Todd Young (R-Ind.), who have sought to reduce the tariffs, as well as Sen. Tim Kaine (D-Va.).
“Certain Senators are fighting hard to get this done, even saying such ridiculous things as it ’causes inflation,'” Trump noted. “Those Senators should be questioned as to their real motives!”
“Too many U.S. companies have failed to take needed actions to address the threat posed by Chinese Communist Party policies. Many continue to outsource production, and research and development, undermining U.S. competitiveness and national security interests. They have failed to respond to the signals clearly and continuously sent by the CCP that it is not interested in competing, but in winning and dominating key industries. Our government must act in the national interest to strengthen our economy for the future,” the United Steelworkers (USW) wrote Biden in June.
China’s Foreign Ministry urges US to lift ‘all’ additional tariffs amid talks pic.twitter.com/X9FhGcyNQF
— Zhang Meifang张美芳 (@CGMeifangZhang) July 5, 2022
Breitbart reported on China’s trade effect on the U.S. economy: “From 2001 to 2018, U.S. free trade with China eliminated 3.7 million American jobs from the economy — 2.8 million of which were lost in American manufacturing. During that same period, at least 50,000 American manufacturing plants closed down. Those massive job losses have coincided with a booming U.S.-China trade deficit. In 1985, before China entered the WTO, the U.S. trade deficit with China totaled $6 billion. In 2019, the U.S. trade deficit with China totaled more than $345 billion.”
A study from 2019 contends that permanent U.S. tariffs of 25 percent on all Chinese imports would create over a million American jobs in five years.
Twenty-four labor unions from the AFL-CIO to the Air Line Pilots Association have requested that all of the “Section 301” tariffs imposed by Trump continue, covering some $370 billion in Chinese imports.
Biden has long billed himself as the most pro-labor president ever. In the end, it seems that Trump did far more for the unions with imposed Chinese tariffs than the president has. The move could potentially alienate an even bigger portion of the Democrat’s voting base.
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