By John Fredericks
President Donald Trump defended his decision to level much warranted tariffs on China, warning them yesterday to come back to the negotiating table.
“I say openly to President Xi & all of my many friends in China that China will be hurt very badly if you don’t make a deal because companies will be forced to leave China for other countries,” Trump wrote on Twitter. “Too expensive to buy in China.”
Trump said the proposed deal with China disintegrated after their Communist Party leaders reneged on most of the prior commitments they made.
“You had a great deal, almost completed, & you backed out!” Trump wrote on Twitter.
Trump has maintained that more American companies will abandon buying Chinese goods as a result of the tariffs, and U.S. companies will fill the bill, creating good paying American jobs.
“Many Tariffed companies will be leaving China for Vietnam and other such countries in Asia,” he wrote. “That’s why China wants to make a deal so badly,” Trump wrote in another tweet.
Trump steadfastly maintained American consumers will not pay higher prices, as has been fear mongered by the Goldman-Sachs and Wall Street cheap goods and slave labor cabal.
“There (their) is no reason for the U.S. Consumer to pay the Tariffs, which take effect on China today. This has been proven recently when only 4 points were paid by the U.S., 21 points by China because China subsidizes product to such a large degree.”
For the first time in five decades since President Richard Nixon opened the doors to China relations in 1972, we finally have a President who is willing to stand up to China, and walk away from their game of negotiating deception through stall tactics, empty promises and bait and switch.
President Trump understands that the Chi-coms subsidize the cost of production to dump their products in the U.S. at the ports of Long Beach and Los Angeles to corner markets and drive American companies out of business.
If you raise tariffs, the Chinese communist government just increases their subsidies to save their U.S. market share. That further diminishes their stagnant economic growth.