Politics: ‘I don’t see him crying uncle’: Trump believes China tariffs will help him win reelection - PressFrom - US

Politics‘I don’t see him crying uncle’: Trump believes China tariffs will help him win reelection

04:25  15 may  2019
04:25  15 may  2019 Source:   washingtonpost.com

Trump says tariffs on $200 billion of Chinese goods will increase to 25% on Friday

Trump says tariffs on $200 billion of Chinese goods will increase to 25% on Friday In addition, Trump threatened to impose 25% tariffs on an additional $325 billion of Chinese goods "shortly." The president said that trade talks with China are continuing, but are moving too slowly as Beijing tries to re-negotiate. Trump tweet: For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars....

How Trump 's favorite falsehood about China supports his reelection narrative. If this does continue, Trump ’s lie about China paying us billions in tariffs will become ever more imperative for him. Incredibly, the Times reports that Trump apparently believes this will be a political winner even if

President Trump ’s decision to renew his trade war with China could inflict lasting damage on the American economy, but the ultimate impact They blame Mr. Trump ’s fundamental misunderstanding of tariffs — which he believes are lifting the economy — for driving the country into a danger zone.

President Trump is telling advisers and close allies that he has no intention of pulling back on his escalating trade war with China, arguing that clashing with Beijing is highly popular with his political base and will help him win reelection in 2020 regardless of any immediate economic pain.

Administration officials and outside Trump advisers said Tuesday that they do not expect him to shift his position significantly in coming days, saying he is determined to endure an intensifying showdown with Chinese President Xi Jinping despite turbulence in global markets and frustration within his own party.

Trump claims China holding out on trade talks for Biden or other 'very weak' Dem president

Trump claims China holding out on trade talks for Biden or other 'very weak' Dem president President Trump’s comments came ahead of Chinese Vice Premier Liu He’s expected visit to Washington this week to discuss trade.

How Trump 's favorite falsehood about China supports his reelection narrative. If this does continue, Trump ’s lie about China paying us billions in tariffs will become ever more imperative for him. But if Trump agrees to a deal that does not win real concessions, that will reveal his agenda of “toughness”

President Trump has ignored advice from his Republican advisers that he should be careful in his efforts to lower tariffs on U.S. goods. But the President reportedly thinks that his supporters believe he is sticking his neck out for them and they’ll award him with a reelection , according to the Post.

Trump’s defiance is rooted in decades of viewing the Chinese as economic villains and driven by his desire to fulfill a core promise from his 2016 campaign: that he would dramatically overhaul the U.S.-China relationship. The confrontation is also fueled by Trump’s willingness to flout the norms of presidential behavior, including his suggestion on Tuesday that the Federal Reserve should assist his trade efforts by lowering interest rates.

“I don’t see him crying uncle anytime soon,” said Stephen Moore, a conservative economist who withdrew from consideration as a Trump Federal Reserve Board nominee amid an uproar. “It’s a high-risk strategy, but it’s not in his personality to back down. This goes back to what he said that first time he came down the escalator at Trump Tower.”

China vows 'necessary countermeasures' against Trump tariff hike

China vows 'necessary countermeasures' against Trump tariff hike China said Friday that it regrets President Donald Trump's hike in tariffs on billions of dollars of Chinese goods, and reiterated its promise to retaliate against the United States. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); The Trump administration said it would raise tariffs on $200 billion worth of Chinese imports from 10% to 25% starting at 12:01 a.m. ET on Friday. Beijing responded just minutes after the deadline passed for the tariffs to go into effect.

"Economists united: Trump tariffs won ' t help the economy". ^ "Donald Trump Says He Favors Big Tariffs on Chinese Exports". The New York Times. "How Tariffs Work, and Why China Won ' t See a Bill".

“ I don ’ t see any reason to believe at the present time that the president’s trade reforms are going to damage the economy.” The Trump administration has demanded steep cuts in Chinese tariffs and investment restrictions but has particularly focused on stopping the Chinese industrial policy initiative

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Speaking to reporters Tuesday before boarding Marine One en route to Louisiana, Trump insisted that he is in a “very, very strong position” and called the stalled negotiations “a little squabble.”

Trump cast the strength of the U.S. economy as leverage, saying, “We have all the advantage.” And he threatened to impose $100 billion in additional tariffs, saying, “We’re looking at it very strongly.”

But as Trump expresses confidence, there have been tensions inside the White House, with some advisers uneasy with Trump’s strident nationalism and firm belief in tariffs as economic weapons. The disagreements reflect broader distress within Republican circles about the president’s sharp rhetoric and refusal to budge.

“I don’t like directionally where it’s going,” said former White House communications director Anthony Scaramucci, a prominent investor. “The economy is still very strong. It’s not clear to me it will fully derail the economic story. But it could put a dent in the stock and bond market.”

Trump says in 'no rush' for China trade deal, defends tariffs

Trump says in 'no rush' for China trade deal, defends tariffs U.S. President Donald Trump said on Friday he was in "absolutely no rush" to finalize a trade agreement with China as negotiators from both countries prepared to continue talks in Washington, in a sign that discussions could go past this week. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.

Trump responded: “We’ re going to deal with the unfair trade practices. (Reuters) U.S. trading partners are furious over Trump ’s decision last week to impose tariffs on steel and aluminum imports from Canada, the European Union and Mexico as part Good to see him and very happy he is there.

President Trump implements new tariff against China , increasing tensions between the two countries. On May 10, Trump increased tariffs 25 percent, a 0 billion worth on Chinese goods, according to experts.

‘I don’t see him crying uncle’: Trump believes China tariffs will help him win reelection© Reuters U.S. President Donald Trump walks towards reporters to talk as he departs for travel to Louisiana from the White House in Washington, U.S., May 14, 2019. REUTERS/Carlos Barria

“Tariffs are blunt instruments. They can inflict harm on competitors and be a source of leverage for negotiations,” said former White House staff secretary Rob Porter, who at times engaged in heated discussions with Trump on trade. “They can also have significant consequences for global supply chains and domestic producers and consumers, and any decision on tariffs should include careful consideration of all these consequences.”

Trump has worked to contain his current advisers as the negotiations have unfolded and present a united front to the Chinese, who he believes are looking for weakness, according to multiple officials, many of whom spoke on the condition of anonymity to share private discussions. With Scaramucci, Porter and others who are alarmed now gone from the White House, Trump has found it easier to navigate his own administration and govern by his own instincts.

Trump warns China not to retaliate against tariff hike

Trump warns China not to retaliate against tariff hike U.S. President Donald Trump on Monday warned China not to retaliate against a hike in tariffs he imposed last week and said U.S. consumers would not pay for any increase in duties. There "is no reason for the U.S. Consumer to pay the Tariffs, which take effect on China today ... China should not retaliate-will only get worse!" Trump tweeted, adding that tariffs can be avoided if manufacturers shift production from China to other countries.

The Trump administration has imposed tariffs on bn worth of goods from China . After Beijing retaliated in kind, Washington announced levies on an “Everyone can have a patriotic heart, but this won ’ t improve his economy, and instead it could make us Chinese just shoot ourselves in the foot.”

“What you see in this election is not only can Democrats turn their votes out, but Trump demonstrated an Sherrod Brown won reelection . Iowa GOP Gov. Kim Reynolds also won a full term, but “There’s simply no evidence that those states are crying out for more Trump ,” said Mark Mellman, a

Trump was irritated on Sunday after National Economic Council Director Larry Kudlow acknowledged on “Fox News Sunday” that American consumers end up paying for the administration’s tariffs on Chinese imports, contradicting Trump’s claim that the Chinese foot the bill, officials said.

“Trump called Larry, and they had it out,” according to one White House official who was not authorized to speak publicly. Two other officials, however, described the conversation as cordial and said Trump and Kudlow went back and forth on trade, with Trump telling Kudlow several times to “not worry about it.”

Republicans close to the president have said they’ve come to accept the president’s hard line, even if they do not share it.

“The president believes tariffs are good economic policy. They are a tool to bring about trade,” said Sen. Lindsey O. Graham (R-S.C.), a Trump confidant. “Trump has been consistent on trade for 30 years.”

Graham said Trump often speaks about China in sweeping ways that underscore his unwillingness to flinch. Aides to the president say he comments about how many goods are made at low cost in China and how he believes China does not pay their workers or follow international laws. These people say he also bragged to aides about how much he has damaged the Chinese economy.

Trump is staking reelection on one of his biggest lies

Trump is staking reelection on one of his biggest lies How Trump's favorite falsehood about China supports his reelection narrative.

Trump cannot win a two-person race this way. But he can prevail in a field with strong independent candidates on the ballot. It would be as big a mistake to assume that Trump cannot win reelection in 2020 as it was for those of us who never thought that he could become president in the first place.

Trump will likely win reelection in 2020. As an incumbent, President Trump Donald John Trump North Korea fires short-range projectiles, South says Kim Kardashian helps secure prison release for low-level drug offender Trump adviser Kudlow: 'We' re killing it on the economy' MORE’s biggest

At a “Cocktails and Conversation” gathering of Republicans at the luxe 21 Club restaurant in New York City on Monday night, former Trump economic adviser Gary Cohn said he felt that the president might want to keep the debate over trade alive for the 2020 election because he believed it is a winning campaign issue, according to one attendee who was not authorized to discuss the meeting publicly.

Cohn, who has long been critical of tariffs, also worried aloud that the clash could do lasting damage to the nation’s farming industries and said the Trump administration’s effort to offset the effect of the trade war on U.S. farmers by supplying subsidies for them is not a sufficient approach if markets are lost, two attendees said. Cohn compared Trump’s strategy to treating cancer with a Band-Aid, they said.

Still, Cohn said, Trump could win a second term on the strength of the U.S. economy. He added that the president could run on a “3-3-3” platform, meaning about 3 percent for unemployment, GDP growth and wage growth, two attendees said.

The event, which included wealthy political donors and other GOP power brokers, was organized by a firm that employs former White House chief of staff Reince Priebus, who also spoke there, according to three people familiar with the gathering.

When Cohn was in the administration, he and Trump would have loud, profane fights over tariffs, and Trump would sometimes tell him to stop arguing because Cohn wasn’t going to change the president’s mind, according to former aides.

Trump would acknowledge in private conversations that economists broadly say tariffs cause American consumers to pay higher prices, but he would add that “you can find an economist to say anything,” in the words of one former aide who discussed the issue with him.

The media is lying to you about Trump’s China tariffs

The media is lying to you about Trump’s China tariffs The hysteria must have a political agenda because the amount that’s being charged is peanuts.

As President Trump and his lawyer, Rudolph Giuliani, appear to be focusing on Ukraine as a potential tripwire for 2020 candidate Joe Biden, officials there Trade talk this week failed to break the deadlock over President Trump ’s insistence that Beijing agree to make structural reforms to its economy in

Subscribe. To many political observers over the past year, the prospect of President Donald Trump ’s reelection looked doubtful at best. Former White House chief strategist Steve Bannon reportedly gave Trump a 30 percent chance of finishing his term.

Dozens of U.S. companies have complained that Trump’s earlier steel and aluminum tariffs drove up their costs and hurt more U.S. workers than they helped. But Trump does not see it that way and suspects companies are trying to blame him for troubles that began before he implemented tariffs, according to people familiar with the internal debate.

“For right now, it’s what is going to get him reelected, because we have unemployment rates low and wages increasing,” said Tom Bossert, a former Trump administration homeland security adviser. “Trump sees it as standing up for the American worker.”

Some Democrats wonder if Trump’s strategy is effective or more of an extemporaneous exercise without any clear end.

“China is a target that has to be confronted,” said Sen. Angus King, a Maine independent who caucuses with Democrats. “The question is whether this shock-and-awe strategy is a strategy at all. Will stronger tariffs lead to results? I’m not sure.”

Trump’s influential allies in the conservative media, such as Fox Business host Lou Dobbs, have been enthusiastically encouraging the president’s headstrong tactics and disparaging his business-friendly critics.

Dobbs, speaking on Monday night’s broadcast with longtime Trump political adviser Corey Lewandowski, railed against Trump’s opponents on trade as the “chamber of horrors” — a reference to the U.S. Chamber of Commerce — and said he should ignore “all the Wall Street firms.”

Stephen K. Bannon, the former White House chief strategist who once advised Trump on trade, said in an interview Tuesday that Trump’s outlook on trade has not changed since they first met in 2010 at Trump Tower, and argued that it will be hard for any adviser to convince him to change.

“Back then, he was watching Dobbs, reading the New York Times, following everything on China,” Bannon said. “It’s at the core of who he is.”

But there is a widening gap between Trump and congressional Republicans, who on Tuesday expressed unhappiness with the president’s refusal to measurably soften his position. A number of GOP senators have called to express displeasure in recent days, people familiar with the calls say, but Trump remains determined.

“The fact is it’s Americans who are paying the price of these tariffs,” Sen. Patrick J. Toomey (R-Pa.) told reporters on Tuesday, citing economic data showing the levies have not had the intended effect of closing the trade gap with China or measurably hurting Chinese exports.

Asked if Trump understands this view, Toomey said, “I assume the president understands how this works. But you’d have to ask him why he comes to the conclusions he comes to.” When pressed for further explanation, he declined and said he would “leave it at that.”

Vice President Pence has quietly sought to allay senators’ concerns over tariffs but has been unable to offer any meaningful concessions or promises, Senate GOP aides said this week. During a lunch with Republicans last week, Pence told senators he heard them when they berated the administration’s tariffs, but he then asked them to stand with the president, without saying much else.

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Erica Werner and Damian Paletta contributed to this report.

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