Sen. Ron Johnson: Trump Using Tariffs 'Brilliantly'

Wednesday, 12 Jun, 2019

Trump said that in his view the Chamber was seeking to defend the interests of member business organizations with significant operations in China and Mexico.

He also said that if Chinese President Xi Jinping did not attend the G-20 meeting, tariffs would go into effect.

China is not afraid of escalating the trade conflict with the US, Foreign Ministry spokesman Geng Shuang has indicated. "If the U.S. is willing to negotiate on an equal footing, our door is open". Skeptics in the mainstream media relentlessly warned that tariffs would only hurt the US economy by stifling GDP growth and job creation, and the European Central Bank even predicted that China would emerge from the "trade war" unscathed.

"We have noticed that the USA has repeatedly publicly expressed its expectation that the Chinese and U.S. heads of state will meet during the G20 summit", foreign ministry spokesman Geng Shuang told a regular briefing.

"He's not protecting our country", Trump said of Brilliant.

Late last month Trump said he would impose tariffs on Mexican goods if Mexico did not agree to take strong steps to curb the flow of mostly Central American migrants crossing the US-Mexico border.

"They certainly didn't listen to me because they made a big mistake", Trump said.

"Tariffs are a attractive thing when you're the piggy bank".

The stock markets, relieved that the president's threat of a 5% levy on all Mexican imports was sidelined for now, rose Monday, even as business leaders complained about the damage they said Mr. Trump did by using tariffs as a threat to win cooperation.

Trump later called CNBC to assail both USCC and Brilliant for criticizing him. "It's put them at a tremendous advantage", Trump said of the Chinese.

He added, "Right now China is getting absolutely decimated by companies that are leaving China going to other countries, including our own, because they don't want to pay the tariffs".

"They devalue their currency". But now we are going to actually be leading very shortly.

Brilliant said they threaten the health of the USA economy, hurt farmers and consumers, and create an unstable atmosphere for the US' trading partners.

The interview was wide-ranging.

With the Mexico standoff temporarily resolved, much of the focus will now shift back to Trump's approach with China.

If Trump carries out his threat to extend the 25% charge to all imports from China, it will start hitting vital communication tools and everyday consumer goods. "We have noted that the U.S. publicly stated many times that it looks forward to arranging a meeting between the Chinese and USA presidents on the sidelines of the G-20 summit".

But he said China has noticed the USA side has said many times it hopes to arrange a Xi-Trump meeting then.

Trump's threat about Chinese tariffs came amid growing concern by some business leaders questioning whether he is misusing tariffs - or the threat of imposing them - in ways that could hurt the USA economy.

Many US business groups have opposed the tariffs, with companies anxious about slowing demand as they pass higher prices along to consumers and manufacturers across a range of products.