Opinion: Trump is standing firm against China. Congress must stand with him.
A Chinese investor watches as the Shanghai Composite Index falls at a brokerage In Beijing on May 6. By Henry Olsen Henry Olsen Columnist focusing on politics, populism, and American conservative thought Email Bio Follow Columnist May 6 at 3:14 PM President Trump’s threat Sunday to raise existing tariffs and impose new ones on Chinese goods surprised world markets and trade experts.
Trump’s initial move to impose tariffs was designed to force China to the bargaining table to address long-standing complaints about its manipulation of trade rules. Talks have inched along since, and reports suggest that China has been resistant to enact enforceable changes to its policies. Instead, it is said to be focusing on reducing the trade deficit by increasing purchases of U.S.-made goods and farm products.
Re-balancing our trade relationship with China is the single most important item on the president’s agenda. Ending, or at least seriously reducing, China’s favoritism toward domestic firms and theft of U.S. intellectual property would substantially slow its quest to dominate emerging technological fields. Doing that will also strengthen U.S. national security, as China is using this technology and manufacturing capacity to build a military that can contest U.S. power in the Pacific.
Still, Trump cannot yield. We know what the current trading system leads to: losses of millions of U.S. jobs and the financing of Chinese ambitions across the globe. Our symbiotic trading relationship necessarily means that some Americans will be hurt as this arrangement is reset. That pain is unfortunate, but it is necessary for long-term U.S. interests.
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