Opinion: Trump didn’t start this trade war, China did
Container ships are berthed in Hong Kong on Tuesday. By Marc A. Thiessen Marc A. Thiessen Columnist focusing on foreign and domestic policy Bio Follow Columnist May 14 at 2:56 PM Before President Trump announced that he was imposing 25 percent tariffs on hundreds of billions of dollars’ worth of Chinese goods, he got encouragement from an unlikely source: Sen. Charles E. Schumer .
But China didn’t cut a deal — and now it is paying a price. Those who suggest Trump started this trade war with China have it backward. Beijing has been waging economic warfare on the United States for years — stealing our intellectual property, forcing our companies to transfer technology as a price of doing business in China and subsidizing state-owned enterprises to prevent U.S. businesses from competing in dozens of sectors of the Chinese economy.
China’s economy, by contrast, is in trouble. Last year, China reported its slowest economic growth since 1990, and the Financial Times reports that many experts"believe its official data understates the true extent of the slowdown.” While the United States has added about half a million manufacturing jobs since Trump took office, China’s manufacturing sector is shedding jobs.
Trump is wrong when he says tariffs are good for our economy because China is paying us “hundreds of billions of dollars” in tariff revenue — money he can use to help farmers withstand the blow of lost sales to Beijing. China is not paying the cost of tariffs. American businesses and consumers are paying. But the fact that Trump mistakenly believes tariffs are good for the economy should have sent a signal to Beijing.
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