China has temporarily suspended tariff increases on $126 billion of vehicles and auto parts from the United States.
The 90-day suspension is China's first step in response to President Donald Trump saying he would suspend U.S. tariff increases for 90 days.
Regardless, Robert Romano of Americans for Limited Government sees this as a big win for the Trump administration –and the Trump trade agenda.
"This is something that President Trump told us was happening – that there are ongoing negotiations between the U.S. trade representative and China to try to [work out] some sort of trade deal," Romano pointed out. "We've been running record trade deficits with China on goods for years now, and it's a direct result of China's entry into the World Trade Organization (WTO) and basically China engaging in currency manipulation – and the outsourcing that's occurred from U.S. manufacturing to China."
The trade expert contended that sticking to such tough foreign trade policies is was probably the major reason why Trump won the election in 2016 – particularly in Pennsylvania, Ohio, Michigan and Wisconsin.
"This is what he promised to do, and he's using the tariff threat," Romano asserted. "They are taxes, but we do support the president using the tariffs as a negotiating tool to attempt to get China to the table. It's absolutely necessary. There's no other way."
The warning is out for anyone not listening: The so-called “Cancel Culture” that claimed Dr. Seuss as its latest trophy will never, ever be satisfied because white supremacists are supposedly hiding everywhere, not just on Mulberry Street.
News stories each weekday from reporters you can trust without the liberal bias found in much of "mainstream" media.
News stories each weekday from reporters you can trust without the liberal bias found in much of "mainstream" media.
One organization believes that the Trump administration’s taxes on China in the form of tariffs has been working.
Amazon's decision to add headquarters in Virginia and New York City is considered to be