HPI: Atomic! Walorski calls for Trump/Xi summit

Here are your Tuesday power lunch talking points: With another round of tariffs on China ($200 billion) and retaliation on just about every U.S. product, and both Presidents Trump and Xi defiantly guarding their super power status, U.S. Rep. Jackie Walorski is calling on the two leaders to meet. “We need to hold China accountable for its unfair trade practices, but I am increasingly concerned about the harmful impact tariffs are having on Hoosier farmers and manufacturers,” Walorski said. “It’s time for President Trump and President Xi to meet face-to-face and find a long-term solution  that ensures American farmers, businesses, and workers are treated fairly. Until such an agreement is reached, the administration should work with Congress to minimize the negative effects of these tariffs.”

Trump believes that China will pay for the tariffs, when the reality is that it will be American consumers who foot the bill  while manufacturers and farmers twist in the wind. Trump tweeted: “Tariffs have put the U.S. in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country – and yet cost increases have thus far been almost unnoticeable. If countries will not make fair deals with us, they will be ‘Tariffed!'” And yet there are signs Trump may be gaining the upper hand, per New York Times: “‘Chinese officials “are generally confused,’ said Raúl Hinojosa-Ojeda, a UCLA trade specialist, who has been traveling around China speaking with officials, businesspeople and workers. ‘They don’t know what to do. They worry that the tit-for-tat model is playing into Trump’s hands.’”

Walorski appears to be weathering a challenge from Democrat Mel Hall, though tariffs could be a defining issue  on this referendum election on Trump. Hall told HPI’s  Jacob Curry, “Pork has dropped 44 cents, and milk has gone from about $22/100 to $13/100. So, farmers are really hurting. When it comes to tariffs, I think first of all ‘do no harm,’ and I don’t think all the costs of  tariffs have been well thought out.”

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