During the recent presidential debate hosted by ABC News, former President Donald Trump defended his stance on China policy, particularly his vow to increase trade duties. This included imposing blanket tariffs of 10% to 20% and additional tariffs of 60% to 100% on Chinese goods. Trump emphasized that these tariffs were essential for holding other countries accountable for years of taking advantage of the United States. He argued that the tariffs had already resulted in significant revenue for the country, claiming that his administration had collected “billions and billions of dollars” from China.
Contrary to some expectations, the current administration led by President Joe Biden and Vice President Kamala Harris has chosen to maintain most of the trade tariffs imposed by the Trump administration. Despite criticisms from some quarters, Biden and Harris have increased tariffs on $18 billion worth of Chinese products, including crucial items like semiconductors and electric vehicles. This strategy showcases a commitment to addressing trade imbalances with China and protecting American industries.
Vice President Kamala Harris used her platform during the debate to express concerns about the Trump administration’s approach to China. She criticized the previous administration for overseeing a significant trade deficit with China, highlighting it as one of the highest in American history. Harris also accused Trump of mishandling critical technologies, suggesting that he had facilitated China’s military advancements by allowing the sale of American chips. In response, Harris advocated for a more strategic and forward-thinking policy that prioritizes American competitiveness in the 21st century.
Economic experts and analysts have speculated on the potential directions of Trump and Harris’s China policy if either were to attain a second term in office. Trump’s approach is expected to continue focusing on imposing heavy trade tariffs as a means of rebalancing trade relations with China. In contrast, Harris is likely to emphasize targeted restrictions and collaborative efforts with U.S. allies to address common concerns related to China’s economic practices and technological advancements. This contrast signifies a fundamental difference in their philosophies towards engaging with China on a global scale.
The clash between Donald Trump and Kamala Harris on China policy illuminates the complex and multifaceted nature of U.S.-China relations. While both sides advocate for addressing trade imbalances and protecting American interests, their strategies and priorities diverge significantly. As the debate over the best approach to managing China continues, it remains essential for policymakers to consider the long-term implications of their decisions on the global economic landscape.