President Trump is heading to the G20 Summit of the world’s leading economies in Buenos Aires, Argentina.
All eyes are going to be on high stakes discussions between President Trump and Chinese President Xi Jinping.
These negotiations come as trade tensions between the two countries continue to escalate into what some observers are calling a trade war. Most recently, the United States imposed 10% tariffs on 200 billion dollars in goods exported by China to our country.
President Trump recently said in an interview with the wall street journal that he is “highly unlikely” to step back from a planned increase of those tariffs to 25% that is due to go into effect on January 1 of next year.
Since our trade deficit with a China is so large—hundreds of billions of dollars—the tariffs impact the Chinese economy much more than the tariffs the Chinese have imposed on American goods in retaliation.
President Trump is often been criticized for his negotiating style – however I believe that his approach: putting a firm line in the sand, establishing consequences and clearly stating his intentions, is a productive way to continue negotiating with a tough adversary like China.
Here’s the bottom line: President Trump is only going to agree to a deal with China that keeps jobs in our country, protects American intellectual property, and protects American economic interests, overall.
While a full-scale deal with China at the G20 is unlikely, hopefully this meeting serves as a productive step towards ending this so-called trade war with china.
EDITOR'S NOTE: Boris Epshteyn formerly served as a Senior Advisor to the Trump Campaign and served in the White House as Special Assistant to The President and Assistant Communications Director for Surrogate Operations.