Gingrich: China’s economy ‘can’t take the battering’ POTUS Trump is set to deliver

By Jon Dougherty

Former House Speaker Newt Gingrich is confident that the tariffs imposed by POTUS Donald Trump on China, including the latest round of 25 percent levies on $200 billion worth of goods, is much more than Beijing will eventually be able to weather.

During an appearance on “Sunday Morning Futures” withÂ Fox Business host Maria Bartiromo, Gingrich responded to a Twitter post by the president hinting that the Chinese government is “waiting” him out hoping that 2020 Democratic presidential contender Joe Biden wins the presidency next year and things can go back to ‘normal.’

“I think the Chinese are caught in a real box,” Gingrich said. “Because frankly, even if you think Trump’s not going to get reelected — and I personally think he’s gonna get reelected — but even if you thought he wasn’t, you’re talking about January 2021.”

Continuing, Gingrich said that China’s “economy is not going to take the battering that Trump can deliver if they refuse to negotiate” for a much more favorable trade arrangement as far as the U.S. is concerned.

“Remember, the biggest customer (the United States) has a huge advantage in negotiations because the other side needs the sale,” he added. “We don’t need the sale, the Chinese do.”

The former GOP House speaker from Georgia went onto note that he agrees with the president in that the U.S. and China have “had a very one-sided” arrangement regarding trade for decades.

Also, he said China has engaged in wholesale intellectual property theft, their country is essentially “a closed market” that won’t allow American technology companies to compete, even as the Communist government, “in many ways,” subsidizes certain industries.



