President Donald Trump’s latest round of tariffs on Chinese goods aimed at balancing the “very unfair trading relationship” with the Chinese regime is garnering praise from Republicans but also causing concern among the business community.
Following the Aug. 23 announcement, many Republicans expressed support for the president’s strong stance against the Chinese regime, saying that he is the first president to force China to change its behavior and end unfair trade practices.
Chair of the Senate Judiciary Committee Lindsey Graham (R-S.C.) said it was important to stop China from cheating the United States, adding that the United States has a “good hand” against China and should “play it out.”
“When it comes to a trade war, we’ve got more bullets than they do. So I think the president is determined to get China to change their behavior and I’m 100 percent with him,” he added.
“We could put more tariffs on products coming out of China than they can put tariffs going into China from the United States. Will we feel this as consumers? Yes, but pay now or pay later when it comes to China.”
Similarly, Sen. Chuck Grassley (R-Iowa) also shared similar sentiments in a statement on Aug. 23, saying China has the responsibility to end the escalating trade war.
“The only way to end this trade war is for China to come to the table and negotiate seriously on an enforceable deal that ends its bad behavior and unfair trade practices. In the meantime, tariffs cannot be the only negotiating tool. Tariffs are not a long-term solution,” he added.
Former Utah Rep. Jason Chaffetz told Lou Dobbs in an appearance on Aug. 23 that Trump is the only president with the personality who would “have the true guts” to take China on.
Meanwhile, Democrats have criticized the president for fighting for the United States against the Chinese communist regime, while expressing concern over the impact the tariffs would have on the agriculture industry.
“We can’t afford these self-inflicted wounds any longer. President Trump could end this trade war today. Bravado is not a substitute for a workable trade policy,” Feinstein said.
Some business groups have weighed in on the tariff increases, expressing concern over negative impacts in the economy American consumers could potentially be faced with.
“Trump is taking a harder line,” he said. “He is very frustrated with the Chinese government.”
The move, Moore said, was to put pressure on Beijing so that it wouldn’t stall until after the 2020 U.S. presidential election to reach a trade deal.
“He’s tightening the screws now, so they don’t just play a waiting game,” Moore said.
Trump previously said the Chinese regime “has to do a lot” in order to turn things around on the ongoing trade war. He had threatened the regime with tariff increases on numerous occasions if Beijing did not work towards advancing a trade deal.
“Frankly, if they don’t do them, I can always increase [tariffs] very substantially.”
The president said the United States has been treated unfairly by the Chinese regime during previous administrations.
“We can’t just go and make an even deal with China,” he said. “We have to make a much better deal with China because right now they have a very unfair playing field, and I’m turning it around.”