This morning Trump defended his 12 billion dollar bailout of farmers, arguing that China is the one targeting our farmers to try and manipulate him into letting them continue to rip us off:
Every time I see a weak politician asking to stop Trade talks or the use of Tariffs to counter unfair Tariffs, I wonder, what can they be thinking? Are we just going to continue and let our farmers and country get ripped off? Lost $817 Billion on Trade last year. No weakness!
— Donald J. Trump (@realDonaldTrump) July 25, 2018
When you have people snipping at your heels during a negotiation, it will only take longer to make a deal, and the deal will never be as good as it could have been with unity. Negotiations are going really well, be cool. The end result will be worth it!
— Donald J. Trump (@realDonaldTrump) July 25, 2018
China is targeting our farmers, who they know I love & respect, as a way of getting me to continue allowing them to take advantage of the U.S. They are being vicious in what will be their failed attempt. We were being nice - until now! China made $517 Billion on us last year.
— Donald J. Trump (@realDonaldTrump) July 25, 2018
Marco Rubio was quick to chime in, agreeing with Trump on China:
100% correct. #China plays hardball & this is the first time someone gives it back to them. For them this isn’t about just trade,they seek economic dominance at our expense. We are running out of time to get some balance. It’s now or never. We need hang tough & together on China https://t.co/uqAPIWZm42
— Marco Rubio (@marcorubio) July 25, 2018
This is the problem with a trade war. Both sides get meaner and meaner and it’s ultimately the public who gets screwed with higher prices and inflation. And now bailouts.
There has to be a better way of dealing with China than a trade war.