Pompeo: US Would Win Trade War with China
Secretary of State Mike Pompeo vows the United States will be victorious in any trade war with China, a day before the Trump administration's latest tariffs on Chinese imports go into effect.
Pompeo told Fox News on Sunday. "We are going to get an outcome which forces China to behave in a way that if you want to be a power, a global power… you do not steal intellectual property."
The Trump administration has argued tariffs on Chinese goods would force China to trade on more favorable terms with the United States.
It has demanded that China better protect American intellectual property, including ending the practice of cyber theft. The Trump administration has also called on China to allow U.S. companies greater access to Chinese markets and to cut its U.S. trade surplus.
Last week, the United States ordered duties on another $200 billion of Chinese goods to go into effect on September 24 (Monday). China responded by adding $60 billion of U.S. products to its import tariff list.
The Untied States already has imposed tariffs on $50 billion worth of Chinese goods, and China has retaliated on an equal amount of U.S. goods.
Earlier this month, President Donald Trump threatened more tariffs on Chinese goods — another $267 billion worth of duties that would cover virtually all the goods China imports to the United States.