ALASKA HAS THE GOODS TO CLOSE THE GAP, HE SAYS
Could Gov. Bill Walker become the new China-U.S. trade negotiator for the Trump Administration?
President Donald Trump upped the ante in the tariff war with China today, ordering U.S. officials to add another $200 billion worth of Chinese goods to the list of those that would be hit with an additional 10 percent tariff.
Last week, China said it would retaliate against the first round of $50 billion in announced U.S. tariffs. China issued a list of nearly 550 U.S. products that will be hit by a 25 percent tariff starting July 6. It included Alaska seafood.
“This latest action by China clearly indicates its determination to keep the United States at a permanent and unfair disadvantage, which is reflected in our massive $376 billion trade imbalance in goods,” Trump said today.
“This is unacceptable. Further action must be taken to encourage China to change its unfair practices, open its market to United States goods, and accept a more balanced trade relationship with the United States,” Trump said.
Meanwhile, Gov. Bill Walker of Alaska also made a statement today about the trade war, but it was soothing, and indicated that Alaska can “dramatically” soften the trade imbalance with the state’s natural gas, baby food, beer, and seafood. His statement in full:
“Alaska has abundant resources, from natural gas and seafood to beer and baby food. These resources enable our state to dramatically reduce the trade deficit between the United States and China, if we can finalize agreements to increase exports of our products. Trade negotiations between leaders from both countries are ongoing. I am confident that we will, in the end, embrace the opportunity for mutual economic growth that we can achieve by working together. Next week, I will meet in Washington with leaders from both governments who have been at the table leading the efforts to avoid an unnecessary trade war. I will continue to work directly with both sides to make sure Alaska’s interests are protected.”