China will retaliate if Trump imposes ‘sweeping’ tariffs: Eurasia Group director

By White HouseFOXBusiness

Tariffs against China would hurt US consumers: Eurasia Group China director

Eurasia Group China Director Michael Hirson discusses the problems that may occur if President Donald Trump imposes broad tariffs against the Republic of China.

President Donald Trump shouldn’t impose “sweeping” tariffs against China because U.S. consumers will face higher prices and China will likely retaliate, according to Eurasia Group’s Michael Hirson.

Continue Reading Below

“It is almost certain that China will retaliate against this move,” Hirson, who is responsible for the group’s coverage of China, told FOX Business’ Ashley Webster on “Countdown to the Closing Bell.”

As reported by Reuters, Forty-five U.S. trade associations have sent the president a letter opposing potential tariffs against China.

Hirson said Trump’s 25% steel and 10% aluminum tariffs are different from the potential China duties.

“This is different from the steel and aluminum tariffs that the administration released a few weeks ago,” he said. “This is not really, I think, about short-term politics … So it is motivated by a deeper set of concerns about the level playing field, lack of a level playing field with China and national security issues.”

Tariffs shouldn’t be out of the question as long as they’re not broad, according to Hirson.

“If we’re talking about some concrete aims where we think there is room for negotiation with Beijing, I don’t think many people would argue with that,” he said.

What do you think?

Click the button below to comment on this article.