President Donald Trump decried the taxes the Chinese government imposes on the import of U.S. cars, insisting that his announced tariffs on Chinese goods are the antidote to “stupid trade” practices allowed for years by his predecessors.
“When a car is sent to the United States from China, there is a Tariff to be paid of 2 1/2%. When a car is sent to China from the United States, there is a Tariff to be paid of 25%,” Trump wrote on Twitter just after 6 a.m. Monday morning. “Does that sound like free or fair trade. No, it sounds like STUPID TRADE – going on for years!”