Former Vice President Mike Pence expressed his support for the aggressive tariff policies advocated by President-elect Donald Trump against China during a speech delivered to the China General Chamber of Commerce. Pence emphasized the seriousness of these tariffs, asserting they are not merely a threat but a tangible strategy aimed at improving U.S.-China relations over time. He characterized China as a “rival” and “economic adversary” but stressed the importance of not allowing this dynamic to devolve into outright enmity. Pence conveyed a vision of a future where the U.S. could harmonize its competitive stance with China, benefiting from Trump’s tough posture rather than suffering from it.
Trump’s proposed tariffs are part of a broader conversation about trade relationships, particularly with neighboring nations, as he considers imposing a 25% tariff on all goods from Mexico and Canada to incentivize border control measures. Biden has raised concerns that such tariffs could jeopardize the 2020 U.S.-Mexico-Canada Agreement (USMCA), which established duty-free trade among the three countries. Furthermore, Trump also threatens to impose an additional 10% tariff on Chinese goods until China addresses issues like illegal fentanyl trade. Pence insisted that these tariffs, which function as taxes on imports intended to deter certain goods, are necessary despite the financial burden they place on American consumers and businesses.
In recent years, tariffs have become a significant aspect of trade policy, with the Trump administration imposing approximately $80 billion in new tariffs during its tenure. The Biden administration continued with many of these tariffs and introduced additional tax increases, resulting in a total of around $79 billion in active tariffs. These tariffs were calculated to impose an average annual tax increase of $625 on American households, according to findings from the Tax Foundation. Despite concerns over these tax burdens, Pence underscored the need for tariffs as a crucial mechanism to persuade China to return to negotiations and address trade abuses, such as intellectual property theft.
While acknowledging worries regarding potential economic repercussions, Pence reassured those in attendance that the tariffs are intended to be a catalyst for positive negotiations rather than a precursor to a damaging trade war. He expressed his hope that similar to past experiences during Trump’s administration, the proposed tariffs would encourage China to re-engage in diplomatic discussions. He recognized the short-term hardships that could accompany these policies but reiterated that they ultimately serve a greater goal for both American and Chinese interests. His focus on long-term benefits suggests a strategic approach to managing a complex international economic landscape.
Pence’s perspective indicates confidence in Trump’s ability to blend diplomatic efforts with firm economic policies. He believes this dual approach will not only address pressing economic concerns but also foster a more cooperative relationship between the U.S. and China. The former vice president’s understanding of Trump’s mindset, stemming from their four years in office together, reinforces his optimism about the potential for both nations to engage in constructive exchanges moving forward. By framing the tariffs as a vehicle for reform rather than a means of isolation, Pence is advocating for a balanced strategy that could yield significant advantages in the future.
In conclusion, Pence’s support for Trump’s tariff policies reflects a strategic viewpoint aimed at navigating the intricacies of U.S.-China relations. While the toll of these tariffs on American consumers and the potential for escalating trade tensions are genuine concerns, Pence remains hopeful about the long-term outcomes. He envisions a framework where hard economic policies can lead to better diplomatic relations, underscoring the idea that the path to improved relations with China lies not in concession but in robust negotiations bolstered by clear, firm stances. This approach aims to foster an environment that aligns economic interests while mitigating risks of hostility, ultimately striving for a partnership that benefits both the U.S. and China.
