Democrats and RINOs determined to undermine President Donald Trump’s second term have been feverishly blaming his trade policies for the recent downturn in the stock market.
And while Trump did acknowledge there would be some “pain” associated with the implementation of new tariffs, widely respected economist Steve Moore recently laid out the case that another global power bears much of the blame for the recent Wall Street sell-off.
As the Daily Caller reported:
“The real villain here is China. And, as you know, the reason the market tanked today is because China tried to retaliate against it. I think that was like an economic declaration of war against the United States,” Moore said.
ADVERTISEMENTMoore said that the United States must unify its allies against what he said was China’s harmful economic tactics.
“They are an enemy of the United States. They’re engaged in predatory trade practices. They don’t play by the rules. They cheat, and they steal. That’s the country we have to bring to heel here,” Moore said.
With the U.S. already deeply entrenched in this trade war, Moore said he’s confident that victory could severely weaken China’s economic standing.
China’s role in the current global trade dispute has been chronicled by a number of social media users:
Minimum wage in 2001
US: $5.15 an hour
China: roughly $.20 to $.50 cents an hour10-20 times cheaper labor
This lead to U.S. losing roughly 6,000,000 manufacturing jobs to China.
This is why Trump tariff strategy matters. 👇🏽
— Patrick Bet-David (@patrickbetdavid) March 31, 2025
Trump: China hits us with 67% — we’ll hit back with 34%.
EU hits us with 39% — we’ll respond with 20%.
We’ve been getting played for decades. That ends now.
Reciprocal tariffs. Fair trade. America first.
Who’s ready for this fight?🙋🏼♀️
pic.twitter.com/ARIhC9qI50— Desiree (@DesireeAmerica4) April 2, 2025
President Trump stole Barack Obama’s tariff policy.
Barack was for tariffs on China.
What changed?!pic.twitter.com/fy3gvoJDX5
— C3 (@C_3C_3) April 4, 2025
Trump has his own thoughts about China’s reaction, as the New York Post reported:
In a string of all-caps Truth Social posts, the president argued his duties will withstand the test of the markets, which plunged yet again in the first hour of Friday trading.
“CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT AFFORD TO DO!” he wrote.
ADVERTISEMENTIn an earlier post, the president told “THE MANY INVESTORS COMING INTO THE UNITED STATES AND INVESTING MASSIVE AMOUNTS OF MONEY, MY POLICIES WILL NEVER CHANGE.
“THIS IS A GREAT TIME TO GET RICH, RICHER THAN EVER BEFORE!!!”
The Dow Jones Industrial Average plunged more than 1,400 points in the first 70 minutes of trading Friday, as investors anticipated more retaliatory tariffs from foreign countries in response to Trump’s Wednesday announcement.
Here’s a clip of Moore’s recent remarks on the matter:
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!