President Donald Trump touted the success of his widely criticized “border security or tariffs” battle with Mexico and elaborated on why he thinks he will see the same success in his deals with China.
When Trump announced he would be hitting Mexico with a 5 percent tariff if it didn’t put forward efforts to stop migration to the U.S., he faced many critics. As IJR previously reported, even many Republicans questioned the decision, with several sounding the alarm that the tariffs could cost the American people.
But the tariffs never came to fruition. Trump met with Mexican officials and agreed to halt the tariffs in return for the deployment of around 6,000 Mexican troops to its southern border to stop migrants from coming north from Central America.
In an interview on CNBC on Monday morning, Trump explained that he knew Mexico would cave on the border dispute because it wants to maintain its access to American consumers. He predicted that America would have the same success using tariffs in the trade deal with China.
Watch Trump’s interview below:
— Donald J. Trump (@realDonaldTrump) June 10, 2019
“People haven’t used tariffs, but tariffs are a beautiful thing when you’re the piggy bank, when you have all the money. Everyone’s trying to get our money — China. And the China deal’s going to work out. You know why? Because of tariffs. Because right now, China is getting absolutely decimated by companies that are leaving China, going to other countries, including our own, because they don’t want to pay the tariffs.”
The president claimed that China will make a deal with the U.S. because it cannot afford to be excluded from the U.S. economy.
“China’s going to make a deal because they’re gonna have to make a deal,” the president said.
For now, it isn’t clear what the next steps are for negotiations between the U.S. and China, though Trump was planning to meet with Chinese President Xi Jinping at the upcoming G-20 conference. Trump noted in his CNBC interview that he will levy more tariffs if China refuses to meet with him at the G-20.