Former Trump administration official Steve Moore predicted on Friday that China would face catastrophic consequences in a protracted trade war with the United States.
President Donald Trump announced a 90-day pause on reciprocal tariffs via an April 9 post on Truth Social that also announced substantial increases on tariffs on Chinese exports to the United States, a week after he initially unveiled the duties on imports. Moore tore into China, saying the communist nation should never have been allowed to join the World Trade Organization.
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“I would just remind your viewers China is one of the worst abusers, if not the worst abusers, of the global trading system. We made a huge mistake as a country 20-some years ago allowing them into the WTO,” Moore told “Faulkner Focus” guest host Julie Banderas. “Where is it today by the way that China still is considered a most favored trading nation? They should be our least favored trading nation because of their abuses and it is not just trade, Julie. They steal our technologies, they rip us off. We’ve spent billions of dollars developing a new technology or new drug and they just copycat it and violate all of the patent laws.”
“So, there is a lot of work to be done for China to get back in our good graces. But, if they do, I think Trump will get the concessions. I don’t know if it will next week or next month, or six months from now,” Moore continued. “One other point I Would make, Julie, what is not being reported by the press very often is that China is in big, deep trouble right now economically. They cannot win a trade war with the United States. Their economy will go into a Great Depression.”
Moore earlier said that Trump was proving his initial skepticism on the tariffs wrong with the potential deals with many countries, notably traditional American allies.
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“I’m a big fan of this president’s economic agenda on taxes and deregulation and the border policies. It has been miraculous what he’s done. I have not been a big fan of tariff policies. I’m not someone who thinks tariffs are a good economic tool,” Moore told Banderas. “But it appears now that Trump is proving me wrong.”
“If he gets these deals that he is talking about with China, with Japan, with Korea and with the Europeans, we could have a real boom in the stock market,” Moore continued. “Look, the last couple months have been really tough on business, tough on investors, it’s been choppy waters and a lot of losses. But I’m here to tell you I really believe if we get those deals consummated that he’s talking about and you get the trade deal, I think you will see one of the biggest booms you saw in the stock market.”
Secretary of the Treasury Scott Bessent said Thursday that an agreement with South Korea on trade could be reached as early as “next week.”
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First published by the Daily Caller News Foundation.
