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50% Tariff on Chinese Goods?

March 11, 2014 By Richard C. Young

Pat Buchanan explains how such a tactic might work.

While China is indeed moving to claim the East and South China seas, bringing her into possible conflict with Japan over the Senkakus, the GOP is not without culpability here.

It was a Bush-led Republican Party that voted to throw open America’s markets to China. Result: In the last two years, China ran up $630 billion in trade surpluses at our expense, a figure larger than the entire U.S. defense budget for 2015.

Our trade deficits with China provide her annually with enough dollars to finance her own defense budget twice over. Twenty years of such U.S. trade deficits have given the Middle Kingdom the trillions it needed to build the armed forces to drive us out of East Asia.

Are U.S. sailors and Marines now to die defending the Senkakus against a menacing China that the Bush free traders helped mightily to create?

If Sen. Rubio wants to “stand up” to China, why not call for a 50 percent tariff on all Chinese-made goods. Try that one out on the K Street bundlers and U.S. Chamber of Commerce.

Yet Marco Rubio in the primaries would be healthy for America. A showdown between non-interventionists and the neocon War Party, to determine which way America goes, is long overdue. Let’s get it on.

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Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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