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Andy Puzder on U.S. trade policy with China
Trade Minister Wilbur Ross, visited Beijing for China trade talks and former CEO of CKE restaurants, Andy Puzder shares his perspective.
President Trump on Saturday said, “UNFAIR” trade practices can not be tolerated, “longer”, the USA “must be treated fairly.”
The President is not suggested that the country’s trade practices, his government was “Free” or “Fair Trade”, but “Stupid Act.”
“The United States must finally be treated fairly on the trade. If we charge to sell a country to ZERO their goods, and they invite us to sell 25, 50, or even 100 per cent, in the case of us, it is UNFAIR and can no longer be tolerated. This is not Free or Fair Trade, it is a Stupid Act!” Trump tweeted Saturday afternoon.
The president’s tweets come in steel, after the government decision this week to tariffs on allies, Canada, Mexico and the European Union-and aluminum shipments in the United States, resulting in a looming trade war. The White house also threated China, with separate tariffs.
Europe, Mexico, Canada and China have vowed to strike back at American goods.
Mexico plans to retaliate against the tariffs, the attacks of the United States, cheese and other products, while looming in Europe to target-Kentucky-bourbon-and Wisconsin-based motorcycles Harley-Davidson. The jeans maker Levi Strauss is also on the EU target list.
The President first introduced tariffs on steel and aluminum in March, carved out but an exception for Canada and Mexico, while the North American Free Trade Agreement (NAFTA) negotiations.
The President initiated customs duties of 25 percent steel and 10 percent of imports to the aluminum earlier this year.
“We must no new taxes on products made in the United States,” Trump said in March. “You don’t want to pay a tax, bring your plants into the United States.”
He added: “We urge all companies to buy American. This is what we want. Buy American.”
The Associated Press contributed to this report.
Brooke Singman is a political Reporter for Fox News. You can follow her on Twitter at @Brooke FoxNews.