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Not to delve into politics, but I defy to you explain what the Trump administration actually intended the output of the tariffs on China to be. Trump very consi
by tootie 4y ago
Not to delve into politics, but I defy to you explain what the Trump administration actually intended the output of the tariffs on China to be. Trump very consistently said the tariffs were retaliatory for China "taking our money" with the trade deficit being his evidence. He sent separate negotiating teams in the form of Steven Mnuchin and Peter Navarro who were pushing two separate agendas neither of which aligned with Trump's nonsensical reasoning. As far as I can tell, the tariffs were pure PR as Trump did not care about or even understand the intricacy of that or any other policies he advocated. And FOX, of course, isn't really conservative news, it's Republican news.
In reality, there is a case for tariffs on China that has nothing to do with trade deficits. Biden can't just end them because it will make him look soft and let them off the hook for IP theft and other abuses. Really the president should not have this authority at all, Congress should be doing it.