Former CEO of CKE Restaurants Andy Puzder said on Wednesday that the U. S. would emerge victorious in the trade war with China. On “America’s…
Former CEO of CKE Restaurants Andy Puzder said on Wednesday that the U. S. would emerge victorious in the trade war with China.
On “America’s Newsroom” Puzder told Jon Scott and Sandra Smith, “We’re definitely the party that’s the strongest here. They can punish us with about $130 billion dollars worth of what we export to China. We’ve got over $400 billion of what China exports to us. We’re in a much stronger position.”
Earlier this month, President Trump hiked tariffs from 10 percent to 25 percent on $200 billion dollars worth of Chinese exports after China backtracked on commitments it had made in previous trade talks. The U. S. is also preparing to add levies to all Chinese-made products later this year.
In a tweetstorm last week, the President explained this latest move: “When the time is right we will make a deal with China. My respect and friendship with President Xi is unlimited but, as I have told him many times before, this must be a great deal for the United States or it just doesn’t make any sense.
