By John Dale Grover
Part of the Trump administration’s latest round of 15 percent tariffs on Chinese imports went into effect Sunday, with the rest to follow on December 15. These increases will impact the prices of many consumer goods that Americans rely on, including clothing, appliances, televisions, smartwatches, textbooks, diapers, coffee, and even whiskey. And given their timing, they’ll likely have an effect on holiday shopping. This makes all the more welcome President Trump’s recent statement during the G7 summit that China is looking to end the trade war and that he too is open to making a deal.
Trump is right to negotiate with Chinese President Xi Jinping, as finding an off-ramp from the trade war should be Washington’s priority. America’s interest is in out-competing Beijing, not hurting our own economy in an attempt to damage theirs. The United States has a better hand here, but we must play it to our advantage.
America’s great strength is in our freedom, our market economy, and our democratic system. The United States has attained a level of prosperity unseen in human history, and that economic engine is what fuels our military power. Without a strong economy, we cannot have a strong military.
This piece was originally published by The American Conservative on September 16, 2019. Read more HERE.