Stephen Moore, a former economic adviser to U.S. President Donald Trump, said China’s painful threshold for tariffs is “much lower.”
Moore said at an Alpha event in Dubai that China is Trump’s main target on tariffs.
He described Foreign Economic Policy as a “negotiation tool” of Trump’s script and said it represents a “fight to fight for global economic advantages and supremacy.”
Moore abandoned the label of a trade war on the current dispute, which he said is more likely to evolve into a “trade skirmish.”
He added that China “can’t win” the game of escalating tariffs because the country’s economy “was not doing well.”
“China will feel the impact of these tariffs,” he told CNBC’s Dan Murphy. “The trade war is not good for any country. But their threshold for suffering is much lower than our threshold for suffering. .”
Moore served as a senior economic adviser during Trump’s first campaign in 2016 and is currently a visiting senior fellow at the Heritage Foundation – Washington’s influential right-wing think tank and the engine behind it Project 2025 In its 900-page mission, a call for a comprehensive change to the federal government.
Europe must “make a choice”
Moore also criticized Europe’s position in China, claiming that “Europeans, British and Australians must choose between the United States and China”.
“I want Europeans to understand that it’s about the survival of the earth, and we don’t allow China to take over Asia,” he said. Beijing and the EU also participated. Trade disputes However, tariffs on electric vehicles.
Economists’ escalating tensions in trade with capital economics share grim warnings. Paul Asheworth says Trump’s initial tariff announcement was “the first strike that could be the first of a very destructive global trade war.”
Moore also supports the motives of the U.S. president for potential tariffs on Mexico, Canada and China, what the government is talking about is targeting restricting imports of fentanyl and heroin drugs.
“If Trump can actually get Canada (and) Mexico to keep these deadly drugs away from the United States, it’s worth … paying more for the goods in these countries,” he said.
China has postponed Trump’s comments on fentanyl, calling it a “domestic issue” while Mexican President Claudia Sheinbaum Trump’s claim to Mexico’s alleged alliance with the crime carteldefamation. ”
Trump says he will Suspend tariffs in Canada and Mexico As countries agreed to work to prevent fentanyl trafficking, although his tariffs on China have been lowered. China retaliates against certain imports from the United States
Since then, Trump has said he will impose duties on everyone Steel and aluminum imports Enter the United States
