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China’s pain threshold for tariffs is “much lower” than the United States’, according to Stephen Moore, former economic advisor of the president of the United States, Donald Trump.
Speaking at an Alfa Delive event in Dubai, Moore said China was Trump’s main objective regarding tariffs.
He described the foreign economic policy as a “negotiation tool” of Trump’s play book and said he represents a “battle for global economic domain and supremacy.”
Moore, who resigned to label the current dispute a commercial war, said that it is more likely to evolve to a “commercial skirmis.”
China “cannot win” the game of growing tariffs since the country has an economy that “is not doing everything well,” he added.
“China will feel the effects of these rates,” Dan Murphy of CNBC told Dan Murphy. “Commercial wars are not good for any country. But their pain threshold is much lower than ours.”
Moore served as a senior economic advisor during Trump’s first election campaign in 2016 and is currently a visiting member of the Heritage Foundation, an influential group of right -wing experts in Washington and the engine behind Project 2025 That, among its 900 -page mandate, it demands radical changes in the federal government.
Europe must make a decision ‘
Moore also criticized Europe’s position on China, claiming that “Europeans and British and Australians will have to make a decision” between the United States and China.
“I hope Europeans understand that it is the survival of the planet, that we do not allow China to take over Asia,” he said. Beijing and the European Union are also involved in a exchange However, on tariffs on electric vehicles.
Economists have shared gloomy warnings about climbing tensions, with the capital economy ” Paul Ashworth saying Trump’s initial fee announcement was “only the first strike in what could become a very destructive global commercial war.”
Moore also supported the motivations of the US President for possible tariffs in Mexico, Canada and China in what the Administration has described as an attempt to repress imports of fentanyl and heroin drugs.
“If Trump really can make Canada (Y) Mexico to maintain these lethal drugs outside the United States, it is worth it … pay more for the goods that come from those countries,” he said.
China has delayed Trump’s comments about Fentanil, describing it as a “domestic problem”, while Mexico President Claudia Sheinbaum refuted Trump’s claim of Mexico’s alleged alliances with criminal posters as “slander“
Trump said he would Suspend tariffs in Canada and Mexico As countries agreed to work to avoid fentanyl traffic in the United States, although their tariffs on China have advanced. China has retaliation with its own tariffs on certain imports from the United States
Since then, Trump has said that he will introduce duties in all Steel and aluminum imports In the United States
