Delaney Statement on Trump Raising Tariffs on Chinese Goods

FRIENDSHIP HEIGHTS, MD – President Trump escalated his trade war with China this morning, raising tariffs on $200 billion worth of goods. Presidential candidate John Delaney releases the following statement:

“It is clear that Donald Trump has little to no understanding of how the economy works or what the true risk from China really is. His trade war is hurting rural America and causing a rise in bankruptcies for farmers. We cannot continue down this path.

“The fact that the President bankrupted his various companies doesn’t mean that we should allow him to bankrupt Americans all across this country. If the President is as great a deal maker as he claims, he should close this deal and allow Iowans to stay in their homes. Instead, the President is overly fixated on the trade deficit – as opposed to intellectual property theft – and is abandoning the American worker.”