Trump Reignites Trade Tariff Debate with Bold China Threats

Former President Donald Trump suggests steep tariffs on China if it acts against Taiwan, while claiming respect from Chinese President Xi Jinping. Trump also critiques Biden's trade policies, advocating for increased tariffs to boost US manufacturing. Current officials, however, warn of potential economic repercussions.

In a bold move, former President Donald Trump, now a Republican presidential candidate, announced his intention to impose hefty tariffs ranging from 150% to 200% on China should the nation engage in military actions against Taiwan, as reported by Taiwan News. During an interview, Trump dismissed the need for military force, citing his relationship with China's leader Xi Jinping, whom he claims respects him.

Throughout his presidency from 2017 to 2021, Trump maintained a firm stance against China, initiating multiple rounds of tariffs that resulted in a trade war impacting the global economy. In the same discussion, Trump commented on the ongoing conflict in Ukraine, alleging that Russia's aggressive moves would not have occurred under his administration. He recounted a conversation with Russian President Vladimir Putin, warning of severe repercussions for any potential invasion.

Challenging Vice President Kamala Harris in the forthcoming presidential elections, Trump has proposed substantial tariffs of 10% to 20% on all imported goods, specifically aiming for over 60% on Chinese imports, claiming these measures would revitalize US manufacturing, as covered by Taiwan News. However, US Secretary of the Treasury Janet Yellen criticized the approach, calling it "deeply misguided" and cautioning that it could elevate costs for American consumers while weakening the competitive edge of US businesses.

Despite Vice President Harris labeling Trump's approach as a business tax, the current administration under President Biden has not rescinded the tariffs established during Trump's tenure. Yellen highlighted that the administration is urging Beijing to tackle issues such as unfair trade practices, a cornerstone of US trade policy, reported ANI.

(With inputs from agencies.)