Biden slams Trump over escalating trade war with China

Posted by mminnick 5 years, 11 months ago to Economics
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Speaking to reporters during a campaign stop in New Hampshire, the former vice president and front runner in the battle for the Democratic presidential nomination charged that Trump has “gone about it all the wrong way.”

Pointing to the president’s decision to raise tariffs to 25 percent on $200 billion worth of Chinese goods, Biden said that "the only people paying the price are farmers and working people right now.”
Biden’s comments came soon after China’s finance ministry announced that in response to Trump’s moves, it was raising tariffs on a wide swath of American goods and products from 10 percent up to 20-25 percent beginning in June. The latest move by Beijing will hike tariffs on some $60 billion in American goods.

These and other comments tell you exactly where Bidn would be in trade negotiations with China. Give them anything and everything they want with nothing for the US. Very reminiscent of all Dem trade deals and negotiations.
SOURCE URL: https://www.foxnews.com/politics/biden-slams-trump-over-escalating-trade-war-with-china


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