The $ has been rising since Trump won. Europe has not responded to Trump's tariff threats and and the $ is going up. 10% tariffs will have little impact on trade.
I do not advocate tariffs on our traditional allies.
China is a different story. The US runs a $350 Billion Trade Deficit with China.
China is spending the money we send them on new weapons from Destroyers to ICBM's to destroy the US. This is the same China that does cybertheft, organ harvesting, hacks into our computers, mercantilism through currency manipulation and threatens our friends like Australia and the Philippines.
I would:
1. End the De Minimis tariff loophole
2. End China having Most Favored Nation status
3. Raise tariffs every month on all Chinese imports until they end the demilitarization of the S. China Sea. Start at 1% a month for a few months, then double the tariffs every few months. By starting at low levels of tariffs, this will ease the transition on the economy to buy these imports from countries like India and Mexico. 99% of what we buy from China can be made in other countries.
Good old President Xi, who just replaced all images of Jesus in churches with a picture of him, told Obama he would not militarize the S. China Sea. Let's hold him to his word.
There is incredible bipartisan support to stick it to China. Biden was asleep at the wheel on this and Harris ignored this for some crazy reason.
I do not advocate tariffs on our traditional allies.
China is a different story. The US runs a $350 Billion Trade Deficit with China.
China is spending the money we send them on new weapons from Destroyers to ICBM's to destroy the US. This is the same China that does cybertheft, organ harvesting, hacks into our computers, mercantilism through currency manipulation and threatens our friends like Australia and the Philippines.
I would:
1. End the De Minimis tariff loophole
2. End China having Most Favored Nation status
3. Raise tariffs every month on all Chinese imports until they end the demilitarization of the S. China Sea. Start at 1% a month for a few months, then double the tariffs every few months. By starting at low levels of tariffs, this will ease the transition on the economy to buy these imports from countries like India and Mexico. 99% of what we buy from China can be made in other countries.
Good old President Xi, who just replaced all images of Jesus in churches with a picture of him, told Obama he would not militarize the S. China Sea. Let's hold him to his word.
There is incredible bipartisan support to stick it to China. Biden was asleep at the wheel on this and Harris ignored this for some crazy reason.
