Trumps China's Unparalleled Weakness | American Business Institute

Donald Trump says no one challenged America when he was president because they were afraid of his toughness. Under his leadership, a foreign country killed 350,000 Americans and escaped unscathed. Despite China's blame and lies about COVID, Trump has done nothing except cling to a failed trade deal. And what Trump says now shows that he has not learned, that his China policy would once again be dangerously weak.

There are all of Trump's failures in China and there are tariffs, so let's start with his most difficult step. In 2019, Trump imposed tariffs on Chinese products. The U.S. trade deficit in goods with China in 2019 was $343 billion. This is China's success. Last year, the goods trade deficit was $279 billion. Trump says trade deficits cost millions of jobs. If that were the case, Biden would have saved hundreds of thousands of jobs that Trump would have lost. Biden is far, far from being a Chinese success story, but better than Trump.

One of the reasons why the trade deficit decreased in 2023 is that China sent goods via other countries. The Trump campaign promises Customs tariffs of 1,020% on all countries to slow this down, and increase by 25 percent to 5,060% off direct shipments from China. Whatever the wisdom here, the question is: why not when he was president? Didn't he think about it for four years?

It's possible that Trump is only talking about higher tariffs. His love of tariffs shows he means it, but a 6020 combination for China and others would be inflationary, just as his first-term tariffs were not. And there is no specific tariff numbers promised in the campaign program.

Inflation is a good reason for Trump to do this. . . exaggerate. A bad reason is that he wants another deal with China. Of course, Trump's point is that everything is negotiableeven extending to immigration. More than that, he calls Friend of Communist Party General Secretary Xi Jinping and praise his power within the RPC.

He's right about Xi's power, but that makes Trump's failure even more important. Trump now admits that his tariffs were too low, but he can say that he tried to do the right thing in this area. There is no defense against COVID. His buddy Xi is all-powerful but Trump lets him slide completely, as if Xi had no responsibility for COVID or any control over the anti-american poison Since then, China has spread.

COVID-19 was a wake-up call for the United States to expel China from critical supply chains. The Trump administration has done virtually nothing. Trump's most important step on global supply chains has taken place eight months of crisisfive weeks before the 2020 election, and was never implemented. Changes in information and communications supply chains emerged in 2019 and have not been implemented.

Trump has called trade deficits theft because large amounts of money are leaving the United States. What comes back are goods that benefit tens of millions of Americans. Compared to trade, far fewer Americans benefit from investments in China. And the investments are helping China become more competitive, posing an even greater threat to American workers and businesses.

The Obama administration saw US investment in China increase slightly, the Biden administration saw it decrease. U.S. purchases of Chinese stocks and bonds have soared under the Trump administration; his presidency was the only time hundreds of billions left the United States to invest in China.

Trump's failures mean his 2024 campaign hasn't praised China like it did in 2016. But what has been said is woefully weak. Trump now claims He will stop China from buying American land, even though as president he did nothing. He is rightly afraid to talk much about U.S. investments in China. He praises TikTok thanks to a big rich donor attached in TikTok.

Asset claims tariffs would punish a Chinese attack on Taiwan, which is easily interpreted in Beijing as “moving forward”. He says he will raise rates again, but in 2020 he held to its trade agreement with China. At the end of his term, when hundreds of thousands of Americans were dead, Trump did not retaliate against China for its criminal irresponsibility.

Trump frequently praises Xi. As Covid Spread: China has worked very hard to contain the coronavirus. The United States greatly appreciates their efforts and transparency. Everything will be fine. In particular, on behalf of the American people, I would like to thank President Xi! Mid-2023Central casting, brilliant guy. You know, when I say he's brilliant, everyone says: Oh, that's terrible. Well, he rules 1.4 billion people with an iron fist. Smart, brilliant, everything is perfect. He recently compared Xi favorably to our enemies from within.

As president, Trump's record in China was unmistakable: large deficits, American money flowing across the Pacific and, worst by far, no response to COVID. If he is president again, the best-case scenario could see the trade deficit decline, with the United States ultimately refusing to do so. investing in China and TrumprecognizeXi Jinping is a brutal communist dictator. In other words, a bit like Sleepy Joe.