US media mogul Michael Bloomberg vows to stop Donald Trump’s trade war with China
The former New York City mayor says he will lobby against the US president’s punitive tariffs on Chinese goods that will ‘kill American jobs, slow innovation and strain US ties globally’
Former New York City mayor Michael Bloomberg will be in Washington this week to lobby against US President Donald Trump’s plans to impose punitive tariffs on goods from China.
“Leaders in Washington are considering new trade policies that would unfortunately harm our economy, would kill jobs, would slow innovation, and strain ties with nations around the world, including China, and we cannot let that happen,” the business community leader said on Wednesday.
Bloomberg said he would travel to Washington “to see people tomorrow and that will be my message, that we just have to find ways to work together. Other countries around the world, again, including China, are responding with their tariffs and we don’t need a trade war.”
“We’re going to make sure that doesn’t happen,” he said.
Bloomberg, who is scheduled to take part in discussions at the spring meetings of the International Monetary Fund and the World Bank, jumped into a heated debate among prominent US thought leaders about whether Trump’s tactics vis-à-vis Beijing would yield a positive result for American businesses and consumers.