For years, Democrats have complained about China’s trade advantage over the United States. Yet they have attacked President Trump as he’s worked to end that imbalance. “Experts” claimed that Trump’s trade war with the communist nation would be our ruin. But today, China is singing a different tune. Where are all those experts now?
It’s no secret that China has been taking advantage of the United States for a long time. We do business with the communist country. In return, they took most, if not all, of our manufacturing jobs. They benefit from selling countless products in the U.S. They even buy a few good from us, mostly agricultural products.
China has stolen billions of dollars’ worth of intellectual property from U.S. companies. Every American company that uses Chinese factories to make their products can count on bootleg versions popping up overseas. On top of that, China dumps low-quality product into our market, from inferior aluminum and steel, to most of the appliances you have in your house.
Democrats have always wanted to do something about China. Yet, time and again, they never bothered to. When did you see Obama try to balance out the trade deficit between China and the U.S.? Oh yeah, never. In fact, his VP—current 2020 presidential candidate Joe Biden—actually lobbied for China during negotiations. After, of course, his son got a nice windfall from the foreign power.
President Trump is fighting back, putting American companies first, by passing numerous tariffs on Chinese goods. This simply levels the playing field, encouraging companies to buy American-made products over Chinese products.
He did this to also compel China to come to the table and negotiate a better trade deal. He wants China to stop stealing American jobs, stop stealing our IP’s, and to stop dumping inferior goods into our markets.
Economic “experts” have claimed this would ruin our economy. They actually sided with China. Some predict a recession is about to occur, harming Trump’s booming economy. They didn’t count on what China just announced.
China signaled on Monday it was now seeking a “calm” end to its ongoing trade war with the U.S., as Asian markets crumbled and China’s currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration.
Trump said Monday that officials from China called U.S. officials and expressed interest to “get back to the table,” The Wall Street Journal reported. He called the discussions a “very positive development.”
“They want to make a deal. That’s a great thing,” he said. [Source: Fox News]
China blinked. Experts said Trump’s tariffs would hurt our economy. Yet it’s China that’s suffering huge losses. The Asian markets are “crumbling” and the Chinese currency plummeted to an 11-year low.
Hmm… I guess losing American support is a pretty bad thing, huh? Since Trump has been passing tariffs, American companies have been benefitting. Businesses are buying American steel and aluminum, instead of the cheap stuff China dumps into our markets. And that’s just for starters.
It’s China, not the U.S., that is suffering from this trade war. Liberals in this country love China (perhaps because they’re all communists). They seem to back them more than America. They whined that China would strike back, hurting the U.S. economy.
But it turns out that when the United States stops buying Chinese goods, China is the one hurting.
Treasury Secretary Mnuchin said that if China would agree to a “fair and balanced relationship” they would sign a deal “in a second.” Now, it looks like China will have to agree to a fair deal.
Notice, it only happened when Trump got tough with them. No other politician was able to do it. No Democrat had the guts. Only President Trump.
Good thing he’s in the White House, huh?