Trump’s China Trade War: Good for the U.S. and Allies

https://www.thegatewaypundit.com ^ | 11/1/2024 | Antonio Graceffo

[bitt]

Trump was right on China in 2016, and he’s right in 2024. The U.S. needs to economically decouple and stop funding the military it’s most likely to face in a future conflict.

During his 2016 campaign, President Trump promised a tough stance on China. Democrats and mainstream media criticized his approach, claiming his trade restrictions and tariffs triggered a “destructive” and “failed” trade war.

Now, as the 2024 election approaches, Trump pledges an even tougher approach to China, with 100% tariffs. Critics are reviving old arguments, suggesting that it would be better for the U.S. to elect Kamala Harris and foster closer economic ties with China.

However, these arguments were flawed in 2016 and are even weaker now. The Biden-Harris administration not only upheld Trump’s tariffs but also strengthened them and imposed additional restrictions on China’s access to technology, especially chips. At the very least, these arguments appear hypocritical.

Trump’s trade war with China is critical for national security, the economy, and accelerating decoupling from China for the U.S. and its allies.

As exporting from China to the U.S. becomes more costly, American and European manufacturers will be compelled to either move production to the U.S. or relocate to other countries, such as Vietnam, Thailand, India, and Indonesia.

Factories moving to the U.S. bring investment, create jobs, and generate tax revenue, as their profits are earned domestically rather than in China.

Manufacturers that relocate to U.S. allies strengthen those economies, reducing their dependence on China and aligning them more closely with U.S. political interests.

Vietnam, Thailand, India, and Indonesia are pivotal to U.S. strategy in Asia, and increased trade will bolster these critical alliances.

China is the number one national security threat to the U.S., making it senseless for the U.S. to allow China to profit from American trade and investment.

..more

[bitt]

p

[Brian Griffin]

What I favor is a blocked currency like India has. The Chinese stuff would get paid for by US dollars that would be lent to the federal government at 0% interest until the Chinese use it to pay American workers or buy American goods.

There would be no tariffs involved, so the Chinese imports would not cost American consumers more money.

The system would apply to all countries, including Mexico and Germany.

American companies would get no interest on deposits either. If they paid dividends, the American citizen shareholders would then be able to get interest via participating banks.

Remittances to foreign countries by say Mexicans would have to be in the form of American goods and services.

For an American to travel to Europe would mean arranging for a foreigner to travel here via a trip bartering agency.

The existing dollars held by foreigners would remain outside the system. These would become less valuable due to inflation. Interest payments on American debt would be paid into the system.

[Spktyr]

China already has a similar system.

[whitney69]

It’s hard to differentiate inbound goods when they are coming into ports that are totally controlled by the Chinese and Russians. And having unions attached to the longshoremen just adds to the problem as they are slowing the off loading of products on ships for their purposes.

Take a look at the shipping containers, Shenzhen Marine Shipping Co., Shipkoo, JustChinaIt, Shenzhen Kako International Forwarding Co. and Shanghai Hada International Co. are all shipping companies owned by China directly. And large companies like MacDonal’s since the early 1980’s, and Costco, since the early 1990’s, to move their goods.

wy69