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Trump stands by tariffs as a major trade tool against China

Former President Donald Trump is sticking by his plan to raise tariffs on all Chinese exports to the U.S. and said he isn’t worried about retaliatory levies from Beijing.
Mr. Trump said Monday that China was “petrified” of tariffs he imposed during his term, giving the U.S. leverage in the trade relationship.

“China is right now our boss, they are the boss of the United States — almost like we’re a subsidiary of China,” Mr. Trump said on CNBC’s “Squawk Box.” “The whole topic of tariffs to me is so simple. It’s great economically for us and it brings our companies back. If you don’t have tariffs, we have nothing whatsoever on them.”

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