Former Trump advisor Stephen Moore believes the current trade dispute between the US and China will likely escalate into a 'trade skirmish' rather than a full-blown trade war. He argues that China's struggling economy makes it vulnerable to the impact of tariffs. Moore also criticizes Europe's stance on China, urging them to choose sides in the global economic battle. He supports Trump's justification for imposing tariffs on Mexico, Canada, and China to combat the flow of fentanyl and heroin into the US.
Former Trump advisor Stephen Moore told CNBC that the ongoing trade dispute is more likely to escalate into a ' trade skirmish ' rather than a full-blown trade war . Moore, who served as a senior economic advisor during Trump's 2016 presidential campaign, characterized the current situation as a 'battle for global economic dominance and supremacy.
' He specifically pointed out China as Trump's primary target regarding tariffs, describing the foreign economic policy as a 'negotiating tool' employed by the Trump administration. Moore, while acknowledging the possibility of a trade war, stated that it is more probable the dispute will evolve into a 'trade skirmish.' He argued that China 'can't win' the tariff escalation game due to its struggling economy. Moore asserted that China will undoubtedly feel the repercussions of these tariffs, emphasizing that 'trade wars are not good for either country.' However, he maintained that China's tolerance for pain, in terms of economic impact, is significantly lower compared to the United States. Moore, who is currently a visiting senior fellow at the Heritage Foundation, a prominent right-wing think tank in Washington, also criticized Europe's stance on China. He urged Europeans, Britons, and Australians to make a decisive choice between aligning with the US or China. He expressed his hope that Europeans would recognize the gravity of the situation, stating that it concerns the 'survival of the planet' and preventing China from dominating Asia. Furthermore, Moore supported President Trump's rationale for imposing potential tariffs on Mexico, Canada, and China. He justified this move as an attempt to curb the influx of fentanyl and heroin into the United States. Moore stated that if Trump successfully compels Canada and Mexico to collaborate in stemming the flow of these lethal drugs into the US, then paying more for goods imported from those countries would be a worthwhile investment. Meanwhile, China has refuted Trump's claims regarding fentanyl, dismissing it as a 'domestic issue.' Mexico's President, Claudia Sheinbaum, stated that the countries have agreed to work together to prevent fentanyl trafficking into the US, though this has not prevented Trump from implementing tariffs on China. In response, China has retaliated by imposing its own tariffs on certain US imports
Stephen Moore Trade War Trade Skirmish China US-China Trade Fentanyl Tariff Europe Global Economy Donald Trump
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