Uh the current Pres is Obama. Funny how this is somehow Trump's fault. Let me guess, because Trump answered his phone on election night?
Once Trump is sworn in, he'll send these rats scurrying. All he has to do is threaten tariffs on China and they'll get down on their knees.
We have had tariff's on China for decades.
Of course Trump has threatened 30% tariff's on China.
Which translates to 30% higher costs for most of what Walmart customers buy.
And what will China do?
China will put similar tariff's on American imports- Boeing planes, agriculture(screw American farmers- they are getting too rich as it is!) and products from American manufacturers.
And then we get to plunge into a full blown trade war.
Sounds good- right?
The difference is China will have a hard time replacing the imports it imposes tarriffs on, especially the agricultural products, and some of the higher end products, like mining equipment, airplanes, and the like.
Couple that with it's own restive population, it has more to lose in a tit for tat fight than the US does.
Agriculture?
China is already sourcing from South America and Australia- if the U.S. is not competitive they can source from there.
Mining equipment? The EU and Canada will gladly take those jobs.
Airplanes? Airbus is already making competition tough on Boeing.
The United States is a huge market for China, but China is a huge market for the United States. We would be two guys in a canoe shooting holes in the canoe to get back at each other.