Among the many fake news stories surrounding the Trump presidency is the insistence by the fake news media that Trump shouldn’t be trying to fight a trade war with China because it only ends up hurting us more than it does them. However, a recent Harvard/Harris poll shows us just about the exact opposite of what the fake news media would want to see.
According to the poll, 67% of voters said it was “necessary” for the U.S. to confront China regarding trade, with only 33% saying it is “unnecessary”. This number includes nearly 70% of swing voters, 50% of Democrats, 86% of Republicans and 66% of “moderates” saying it was necessary to confront China on trade.
What’s more, 80% of voters said “the trade issues with China must be fixed now rather than put off in order to not rock the boat,” according to Breitbart News. This also includes 82% of voters saying they would rather fix trade issues with China now as opposed to later.
80% of Republican voters also support tariffs on Chinese imports, with 51% of swing voters and 53% of rural voters (the voters that would most be getting hurt by this, according to the media) agreeing.
This comes even despite the fact that conservative voters are the only ones saying that China is hurting more than the U.S. in this trade war, with the rest saying the U.S. was being hurt more. That is really the only “good” news for the fake news media in insisting that we are being hurt more than China. However, that is far from the truth.
While no one escapes a trade war unscathed, China will be more hurt from this trade war than the U.S., especially considering that the U.S. had, for years, been losing millions of manufacturing jobs to China since it joined the World Trade Organization.
But there is a very important aspect to the WTO agreement that Trump is very much taking advantage of in order to help Make America Great Again and fight back against China’s unfair trade policies: Section 232.
Section 232 reads as follows: “If cheaper imports result in lower employment and a decrease in government revenue, the importing country can impose high tariffs on those products.”
Basically, it’s a provision to countries who might be getting shafted by a trade agreement to punish the other country on the products. And the interesting thing about this is that it is helped an awful lot by the fact that we do not have a VAT, or a value added tax.
Countries like Canada, China, Germany, Russia, Mexico, and others have different VAT rates for products they import. Basically, if you are a manufacturer and want to export your product to any of these countries, you have to pay a tax. The U.S. does not have such a tax, and so, it becomes exponentially cheaper to get products into the U.S. In doing this, and in the fact that, as stated previously, millions of manufacturing jobs have gone from the U.S. to China, Section 232 can be implemented and that’s what Trump has been doing.
Now, that’s not to say that not having a VAT is a good thing for us altogether. The cons outweigh the pros, and having no VAT on imports means that we essentially become the dumpster of the world’s products. It’s also why products seem to be dropping in quality, at least in terms of durability. I had bought a push mower a while back (made in China, because of course it was) and one of the wheels broke off after only a month of use (the overall mower is still usable, as the wheel that broke off was not really necessary, but it’s still a testament to the poor quality of Chinese imports).
But as a result of getting so much product, and through the loss in manufacturing jobs, Trump is able (and in the right) to use Section 232 to fight back against China.
The fact that China also steals American products and makes bootleg copies of those products also gives Trump good reason to use Section 232.
Over the past couple of decades, China has been taking advantage of the U.S. Be it from stealing IPs (intellectual property) and not being held accountable to stealing away manufacturing jobs due to extremely lax environmental and humanitarian laws (which really marks corporations like Apple and Google as huge hypocrites, given their insistence on “fighting” climate change and at the same time working with a government that doesn’t care one wit about the environment), the past few decades have hurt American manufacturers far more than these tariffs ever could.
According to the IP Commission Report, China is responsible for almost $600 BILLION in losses to our economy from patent infringement alone. That is an obscene amount of money that could have helped the United States an awful lot. So why isn’t that being talked about in the news as harming farmers and manufacturers? Why are the tariffs being talked about as being the only source of economic pain for these people?
And why are we pretending like we are the only ones hurt by these tariffs? The media basically reports this trade war as follows: if China imposes tariffs on us, we are hurt by them; if we impose tariffs on China, we are hurt by them. How in the world does that make any lick of sense? The answer is: it doesn’t.
China’s economic growth has slowed the most in 27 years, largely due to the tariffs. Now, it’s not by a huge amount by any means, but it slowed down even more than was actually forecasted. And bear in mind that this is an economy largely built on the Chinese government spending tons of money in tracking their citizens, making deals with Google to spy on them and much other government spending like building ghost towns. Even with the status quo remaining as it is, that is not a sustainable economy and bound to collapse eventually (the situation in the States isn’t much better, as we still spend like there’s no tomorrow and the Left wants to spend trillions of dollars we don’t have on a climate project that will achieve nothing more than the total restructuring of the country into a new Soviet Russia). A big reason the Soviet Union fell was because of the Space Race: they were forced to spend more money than they had and eventually, they had to fold. The U.S. stuck around simply due to our economic system of capitalism, wherein we create wealth rather than steal and destroy it.
But returning to China, a trade war only accelerates China’s economic collapse. Take away their ability to steal IPs and you take away a means for them to make money. Return the jobs that went there and you increase their unemployment rates.
Of course, the Chinese government largely doesn’t care about its people. If there were a famine that kills a million or so people, they will see it as less people they will have to keep track of rather than as a tragedy.
But there is no denying that the tariffs stand to hurt China more than the U.S. considering that we are still (for the most part) a capitalist nation and we create our own wealth as opposed to stealing it and destroying it.
Of course, there will be those who disagree and think we are hurt by these tariffs more than China, but a considerable majority still backs Trump regarding trade with China regardless of who they think is hurt more by these tariffs. Eventually, China will blink and ultimately fold. That’s what communist countries do.
“Whoever oppresses the poor to increase his own wealth, or gives to the rich, will only come to poverty.”
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