How trade tariffs are Donald Trump helping the US stand up to a predatory China
As an American, I am glad to see that President Donald Trump is standing up to China’s predatory behaviour on trade, intellectual property and just about everything else. It’s about time.
For too long, American presidents have stood idly by while our country suffers huge losses at the hands of Beijing. Of late, China has been dumping steel and aluminium in the United States, in a deliberate effort to destroy America’s defence industrial base. As Trump has made clear, this has to stop.
President Trump also announced that tariffs of 25 per cent will be imposed on US$60 billion in Chinese products that are manufactured using technology stolen or strong-armed from American companies.
This sounds like a lot, but it is really only a tiny fraction of the US$600 billion in intellectual property that the FBI estimates China steals from the US annually.
Add this theft to China’s US$500 billion-dollar trade surplus with the US, and it becomes clear that the predatory Chinese state and its operatives are making off with over a trillion dollars a year. The Chinese party-state is engineering the largest transfer of wealth in human history with one overriding goal: to replace the US as the dominant power on the planet.
Trump understands that China is not just engaging in a trade war with the US, but an all-out contest for global economic dominance in the 21st century. And he is determined that America will win.
China’s announcement of new tariffs is unlikely to lead to a wider trade war. These tariffs should be viewed as a face-saving measure, not the opening salvo in an all-out war.
Look for Beijing to quickly cave, in the face of Trumpian resolve. After all, China’s export-dependent economy has far more to lose in an all-out trade war than America’s more self-sufficient one does.
It would be foolish for Beijing’s leaders to throw away China’s opportunity to join the first rank of nations in a vain pursuit of global hegemony.
Steven W. Mosher, president, Population Research Institute, Virginia