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President Trump took a bold stand for American farmers on Tuesday, elevating their great contribution to the United States and noting they have been on the “Front Line” of being taken advantage of when it comes to the ebb and flow of trade wars.
“Our farmers are GREAT, but because of their GREATNESS, they are always put on the Front Line with our adversaries, such as China, whenever there is a Trade negotiation or, in this case, a Trade War,” the president wrote on Truth Social.
This statement comes amid escalating tensions with China as President Trump has utilized the power of tariffs to force the Asian country to pay their fair share to the American market. As reported by RSBN, the president increased China’s tariffs to 125 percent last week. However, the total tariff rate on China is 145 percent, due to a previous 20 percent fentanyl-related tariff penalty that came from Trump in February, via CNBC.
President Trump explained that a similar scenario played out during his first term in office.
“China was brutal to our Farmers, I [urged] these Patriots to just hold on, and a great trade deal was made. I rewarded our farmers with a payment of $28 Billion Dollars, all through the China deal. It was a great transaction for the USA, until Crooked Joe Biden came in and didn’t enforce it,” Trump wrote on Tuesday.
He slammed China for reneging on the deal under Joe Biden and explained that the country had “ZERO respect” for the previous administration.
He added, “Interestingly, they just reneged on the big Boeing deal, saying that they will ‘not take possession’ of fully committed to aircraft. The USA will PROTECT OUR FARMERS!!!”
Previously, Trump explained that his tariffs against China was based on a “lack of respect” shown to the world markets.
“At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” he said last week.