Posted on 09/22/2018 1:30:11 PM PDT by Thalean
President Trump announced this week he would levy 10 percent tariffs on some $200 billion worth of Chinese goods. The tariff is scheduled to take effect on September 24, and is slated to increase to 25 percent by year’s end. Of course, China pledged to retaliate with tariffs of “equal scale and equal strength.”
This has some American exporters worried. After all, China is the fourth-largest buyer of American goods. Even more important to these exporters, the Middle Kingdom is the world’s largest untapped consumer market. China is El Dorado—were it only open for business.
GOP bigwigs agree, and are willing to fight the president tooth-and-nail in the name of “free trade” with China’s authoritarian dictatorship—an oxymoron if ever there was one. But what they fail to understand is that China will not embrace free trade because it conflicts with their modus operandi.
Instead of pursuing this Chimaera, Congress should focus on rebuilding America’s hollow industrial base and maintaining our tenuous technological lead.
(Excerpt) Read more at amgreatness.com ...
Exactly.
China will never play fair in trade, just like the left in politics. Chinese communism is possibly the most deceptive- and dangerous - form of that ideology in history.
We must defeat it, or lose everything.
China will back down after the elections. They are hoping for a Blue wave to put the Democrats they have bought to be swept into power so they can get back to looting the American people.
Ugh did you watch Betty Boop Beto's TX Senate debate with Ted Cruz yesterday? Trade wars and tariffs 'hurt Texas' he says. *eyeroll*
But illegal immigration and trade deficits don't. Right.
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