Former President Donald Trump has signaled his intent to reinstate tariffs on China if elected in the upcoming November elections, suggesting that the tariffs could even surpass the previously imposed 60 percent. In an interview on the Fox News program “Sunday Morning Futures,” Trump emphasized the necessity of such measures, recalling the impact on the stock market when the tariffs were initially announced, almost causing a crash.
Addressing reports about considering a 60 percent tariff on Chinese goods, Trump indicated a willingness to go beyond that figure. As the leading contender for the Republican nomination to challenge President Joe Biden in the upcoming election, Trump remains committed to his tough stance on China. During his previous tenure, he implemented tariffs on a significant volume of Chinese goods between 2018 and 2019, triggering a trade war between the world’s two largest economies.
Despite the change in administration, the Biden government has maintained these tariffs and introduced additional restrictions, particularly on the export of advanced semiconductors and related equipment, citing national security concerns. Currently, the U.S. trade representative is conducting a review of these tariffs to determine their future.
Trump dismissed concerns that his approach could lead to another trade war, asserting that his prior dealings with China were successful. Expressing a desire for China’s prosperity, Trump emphasized his positive relationship with Chinese President Xi Jinping during his term in office. The conservative perspective on this matter aligns with prioritizing the protection of American economic interests and jobs, reflecting a stance that resonates with many conservatives who support robust trade policies.