- According to some observers, China started the trade war with the U.S. by “stealing our intellectual property, forcing our companies to transfer technology as a price of doing business in China and subsidizing state-owned enterprises to prevent U.S. businesses from competing in dozens of sectors of the Chinese economy.”
- Some on the left believe that President Trump began the trade war, but many see China as the instigator whose economic policies have hurt America for decades.
- Even Democratic Senator Chuck Schumer showed his support for Trump through a tweet: “Hang tough on China, @realDonaldTrump. Don’t back down. Strength is the only way to win with China.”
- Past U.S. administrations didn’t take a tough enough position on China, but Trump has shown that he’s ready to fight back with increased tariffs.
- According to reports, China believed they had leverage over the U.S. during negotiations because they thought Trump would be concerned about the U.S. economy in the future, but the opposite is true.
- In reality, the U.S. has a robust economy and is poised to get stronger. On the other hand, the Chinese economy is on the decline.
- While American citizens will pay higher prices for the tariffs on Chinese imports, the impact shouldn’t be as bad as many think.