Amid all out trade war with China, Trump’s tariff gambit invites charges of socialism

Although many economists and even some Republican lawmakers are warning that such a hardball approach will also end up hurting the US – particularly its farmers and farm corporations – Trump is arguing that both in the short term and in the long run, it will bring back to America manufacturing and jobs that it lost to China over the past two decades – a bleeding that he and his cohorts attribute to the fecklessness of his predecessors and to greedy US corporations which gave China a leg up in search of quick profits. He also advised US companies and consumers complaining about them having to bear the costs of Trump’s tariff on imports from China to “buy from a non-Tariffed country instead of China. ”Trump associates and advisors are resolute in their belief that he will not back down in this face-off with China, which they describe as a life-and-death issue for the United States. “China has been running an economic war against the industrial democracies for 20 years,” Trump’s former chief strategist Steve Bannon said in a CNBC interview, maintaining that the face-off with Beijing “cuts to the core of what the United States is going to be in the future,” and Trump will settle for nothing short of victory. The Trump administration is now cracking down on such “theft” with measures ranging from monitoring and constraining Chinese scholars and students visiting and studying in US, to red-flagging Chinese tech giants such as Huawei and ZTE, both of whom are expected to face a crackdown in the US in the coming days.

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