BIDEN IS ABOUT TO UNDO TRUMPS CHINA TARIFFS

Written by on July 8, 2022

BIDEN IS ABOUT TO UNDO TRUMP’S CHINA TARIFFS

Shared By Peter Boykin – American Political Commentator / Citizen Journalist

The Biden regime is reportedly planning to lift U.S. tariffs on Chinese goods in a last-ditch attempt to lower inflation before the 2022 midterm elections.

 

Why this matters:

 

The move would be a gigantic acquiescence to the Chinese Communist Party which has been trying to lift these tariffs since Trump implemented them…

 

Back up:

 

Trump placed these tariffs on China back in 2018 because of their illegal trade and business practices like stealing U.S. companies’ intellectual property.

 

Digging into the details of Trump’s tariffs:

 

They covered a wide range of Chinese goods from industrial materials to electronics to consumer goods like clothing.

 

Fast forward to now:

 

The Biden regime, particularly his Treasury Secretay Janet Yellen, is pushing to remove Chinese tariffs in an attempt to bring down the prices of consumer goods.

 

But let’s not forget that Yellen’s economic ignorance [insisting inflation would just be “transitory”] is partially why we’re in this position today with 8.6% inflation.

 

One wise member of Biden’s cabinet named Katherine Tai, who is a trade representative, warns that the tariffs should be used as leverage against China, and lifting them without getting concessions from China in return would be a mistake.

 

Trump weighed in on the news with some advice for Biden:

 

“Doing this would be the greatest gift that China could ever receive. Taking these tariffs off would be a clear signal that the United States is weak, ineffective, and doing business as usual.”

 

[Source: WSJ, Epoch Times, Daily Caller]

 

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