Trump exactly who we need vs. China

America finally has a businesssavvy president who isn’t afraid to tackle massive trade imbalances with China. That’s long overdue.

Prior administrations have allowed the Chinese to steal our intellectual property with just a slap on the wrist.

Elon Musk said China puts a 25 percent import duty on American cars, while the U.S. only does 2.5 percent for Chinese cars.

But the fear of a trade war erupting if the U.S. took any measurable action to remedy the inequity has paralyzed countless established types on both sides of the aisle — hence the unfair trade practices perpetuate.

Trump tweeted yesterday, “We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!”

He added, “When you’re already $500 Billion DOWN, you can’t lose!”

Our DisruptorinChief promised on the campaign trail he’d withdraw from bad trade deals like TPP, renegotiate NAFTA and level the playing field between the U.S. and China once and for all.

The Trump administration made good on that promise this Tuesday by releasing an official list of products im ported from China it proposes to slap with 25 percent tariffs, targeting approximately $50 billion worth of imports.

The Chinese swiftly retaliated by saying they would impose tariffs on $50 billion worth of U.S. products including soybeans and aircraft, sending markets on a wild roller coaster ride yesterday.

Larry Kudlow, Trump’s newly appointed National Economic Council director, told media yesterday, “Blame China, not President Trump. Because they’ve been going on for many years.

“Trump is really the first president to fight back and to put a shot across the bow.”

He also assuaged investors by suggesting U.S. tariffs won’t be implemented if China lowers its barrier on trade, indicating Trump’s threat to impose tariffs may simply be a negotiating tactic.

Until this pans out, Americans should brace for some shortterm pain on its path to longterm economic growth.

If anyone can fix this trade mess, it’s Trump.