Schumer backs Trump’s tough stance on China

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Sen. Chuck Schumer on Sunday said he agrees with President Trump’s “squeezing” of China on trade issues — because it’s the best way to get at North Korea.

“China is not helpful to the United States, they’re happy to see us in trouble. And the way to get at them is by what is the motherload for China — their trade with us,” the Democrat said in an interview with “The Cat’s Roundtable” host John Catsimatidis.

“They take advantage of American workers of American wealth, of American companies regularly, I call them rapacious,” he added.

The Senate minority leader said Trump’s tough stance with China will help in negotiations with North Korea, noting that 90 percent of North Korea’s trade is with China, he said.

“If we keep squeezing China, I believe China could ultimately squeeze North Korea and we could get a good deal,” he said. “But if we stop being tough with China on trade they’ll stop pushing North Korea and we’ll get nowhere.”

Schumer’s view on trade is closer to Trump’s than those of former presidents Obama and Bush, the senator said.

“It’s economics that’s the key to getting to China and Trump is on the right path,” he said.

But Schumer still doesn’t agree with how Trump did “certain things,” including implementing tariffs, he said.

In recent weeks, the Trump administration announced $50 billion in tariffs against Chinese imports to the US and has threatened to impose another $100 billion.

China has promised to fight back with its own tariffs and lawmakers have expressed concerns that this could spark a trade war.

 

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