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We don't want to be in a war over trade: Art Laffer



Former Reagan economic adviser Art Laffer on the Trump administration’s trade talks with China, the Federal Reserve and the European economy.

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45 comments

  1. Those so called economists or economic advisers all say free trade is good, but they don't request "Free trade" from China.

  2. And we certainly cannot continue to fund China's military buildup with huge trade surplus. China wants Asia, then world dominance, and we have to, and will, confront their ambitions in future. I cannot believe a former Reagan economic adviser can be so short-sighted. Maybe that is why the US is in such a mess right now.

  3. There never has been any "free trade" between the US and China. Only one side, the US, is free. China never has done any free trade. It closed its own market to the US and the world.

  4. This guess talking is a little annoying

  5. Laffer, the trickle down theory man. Last name is apt.

  6. This guy is pro-China! He must have benefits from Chinese government! Sounds like CCP's representative. There's no deal to make! More deal, more loss on U.S.! Way too Naive! No business with China!

  7. WE ARE AT WAR! CHINESE COMMUNISTS AND ISLAMOFASHIST GLOBAL REGIMES have UNIFIED WITH CHINA, THE EU AND the U.S. DEMOCRAT/ COMMUNIST PARTY that HAS DECLARED WAR ON the UNITED STATES! OBAMANIANS STILL HOLD the EXECUTIVE BRANCH to include ALL SECURITY FORCES and ALL MAJOR BRANCHES of the MILITARY (WITH MEXICAN/CHINESE DRUG CARTELS together HAVE MORE BANKING, TRADE and FINANCIAL resources than THE ENTIRE NATIONAL NET WORTH! CHINA with OBAMA and CORRUPT U.S. GOVERNMENT LEGISLATORS have SEIZED ALL AMERICAN ASSETS and HIJACKED THE UNITED STATES GOVERNMENT!!!! COMMUNISM MUST BE DESTROYED from WITHIN! THEY ARE IN THE PROCESS of SEIZING AMERICANS ONLY MODE to FIGHT BACK AND PROTECT THEMSELVES! IF NOT ALL WEAPONS the HAVE ALREADY LIMITED and CONFISCATED AMMUNITION AND MAGAZINES! CHINA and THE AMERIC-OBAMANIAN COMMUNIST PARTY HAS DECLARED WAR. AMERICA will go down in defeat is Trump is not supported and the US MILITARY TAKE BACK OUR COUNTRY from the REBEL COMMUNIST CONFEDERATES!

  8. HEY LAFFER DON'T CARE FOR CHINA PRODUCT, LOOK WHAT THEY'RE DOING TO HONK KONG, TAIWAN, PHILIPPINES, TO BE CHINA A SUPER MILITARY POWER. WE STILL DOING REAL GOOD WITHOUT CHINA PRODUCT. THE NUCLEAR WAR DOES NOONE ANY GOOD BUT DESTRUCTION OF HUMANITY. LAFFER U MUST LIVE IN CHINA PERIOD.

  9. Art your the greatest..up lifting!!

  10. Yes President Trump a trade to be a win..win!!
    🔴🌟⚪🌟🔵🌟🔴🌟⚪🌟🔵🌟🔴🌟⚪🌟

  11. If it were going to help China as much as it helps the U.S. then China wouldn’t have backed out! Where do you get these losers that think they can lie to us and that we are dumb enough to believe their BS narrative.

  12. CHINA IS NOT A NATURAL ALLY WHEN THEY WANT TO CONTROL US !!!

  13. PRESIDENT HAS ALREADY OFFERED CHINA HIS TRADING DEAL. LEVEL TRADING FIELD, AND NO STEALING OF PROPERTY. TAKE IT,,,,,OR LEAVE IT.

  14. He is right China seems to have forgotten we save them from their 1937 war with Japan and the complete takeover of China and until our nationalism and the brave people of America save them and now they threaten us with war an ungrateful people

  15. No deals with communist or socialist countries. Let's the trade wars continue

  16. China backed by Russia will never sign a fair deal. Invest in America period.

  17. Making a deal with China is like making a deal with Democrats. Pelosi has no say over the squad or the NadlerSchiff impeachment gang and the same is true the the Central government of China as it is a conglomerate of corrupt entities.

  18. Dear Arthur, your a dumbass…

  19. Many ignorant people continue blaming Trump for everything, and China continues saying it's confusing and continues stealing American jobs and technology! Everything is as clear as day. China has been stealing Americans blind for years. China's unfair trade with the US and theft of American technology have cost Americans about $1 trillion each year for over 25 years, which is the greatest transfer of wealth in history. Sadly, NONE of the previous US presidential administrations could even get a cent from China until the American people elected Trump-then billionaire businessman, president. So far, over $65 billion from tariffs on Chinese goods has flown smoothly to the US treasury, and the money could reach over $100 billion next year as a result of Trump's new tariffs on Chinese goods. Having an extra $100 billion to spend is not that bad, is it? "The Trump administration has drawn a clear line in the sand that the outright theft and coercive tactics China has employed to gain access to and control over our intellectual property won’t be tolerated any longer. The decision to impose tough sanctions on China is long overdue. America’s economic and national security interests are at stake." Trump's actions send a clear message: China's era of intellectual property theft is over! Trump's message to China is simple and clear. What else confused China and those ignorant people? Stop stealing to make a fair trade deal. Period.

  20. Lets not get too close to a communist country. I say we should buy from free countries instead.

  21. CHINA HAS BEEN IN A WAR WITH US NOW IS TIME FOR US EVEN!! THE ODDS!!! AMERICA!! FIRST!!!❤🇺🇸❤🇺🇸❤🇺🇸❤TRUMP 2020!!!👏👏👏👏👏💪💪👍💪

  22. Mr art has invested in china .

  23. XI IS ONLY WAITING TO MOVE THE PLA INTO HONGKONG TO ARREST ALL THE CIA AGENTS AND SEND THEM TO THE GOBI DESERTS TO PLANT TREES

  24. Laffer either has his head in the sand over China or he is on the take. The Chinese do not want to be our friend or have mutually beneficial trade, they want to be the global hegemon. They say as much in their white papers. China is trying to cripple the US and the hedge fund managers, investment bankers and multinational mega corporations that are so heavily invested in China are happy to help.

  25. Economy is phenomenal. Unemployment is all time low. Stock market is great. Consumers have so much money to spend.

    Isn't the solution obvious? US does not need a deal nor doing anything else. Just keep the tarrifs as it is forever. Why rock the boat?

  26. It's not a threat. It's leverage. China also needs to pay the dictatorship tax as many other dictatorships and human rights violating countries should, many middle eastern countries would come to mind as well as African countries including my home country of South Africa. I'm 21, have no experience or education. How can it be that I understand these concepts yet older, more experienced and educated people seem unable to. Or is it that they do understand but modern confirmation bias and partisanship inhibits them? I hypothesise that it is both the former and the latter. But surely my arguments make no sense because of the colour of my skin, my gender, sexuality and convictions. For these define my identity and my identity removes the merit in my argument.

  27. The Orange Menace couldn't even finish a coherent thought during the G-7(-I) . It is obvious he is suffering from the early stages of dementia. When you add that to his pathological lying and malignant narcissism, you got one toxic cranial concoction. His mind is a steaming crazy soup. If you could look into his head all you would find is a putter, a Big Mac, someone else's credit card and a porno tape.

  28. USA v China? Bring it on!! 1776-2021 new era in American history 🇺🇸

  29. This guy wants to march with China! LOL!

  30. Art Laffer can go screw it , his lovey Dovey talk up of China is revolting and vile may he roast in hell over his Chinese investments no doubt ! Choke on them laffer baby lol 😆 we don’t need them he fell in love with him when Chinese soft money found it’s way into his pockets ahh a sleeper eh? Been in China in the 70’s practically illegal back then unannounced visits and long stays there wow

  31. THIS GUY IS A SHILL FOR CHINA AND A CLOWN

  32. GOOD NO CHINA DEAL…. WE, US, DON'T NEED CHINA

  33. China does not want a good deal for the US !!!Their goal is to be number one .There is no room for the US in their eye.They want everything we have by suppressing peoples rights. Once they have everything in place they will take our rights
    As well.

  34. 3:55 At what point did the most significant trade factor become: being nice to Trump?

  35. These talking heads are in an alternate reality. Trump behaves like an incompetent buffoon. The least he could do is behave like a competent buffoon.

  36. Laffer, take a breath and let Varney get a word in. Every time you pause, and Varney tries to respond, you start talking over him and keep on going.

  37. This is the guy who welshed out on the dollar bet with Peter Schiff.

  38. Yeah, the Art of the Deal! You MUST BE guessing what Trump will do next. He wants you in the dark, so he can SPRING ideas on you and you don't expect it. That's how the tiger gets it's dinner. It doesn't walk up and shake hands! We're tired of lame-duck presidents that GIVE AWAY all of Americas assets and lose at trading! TRUMP 2020!

  39. Trumps been great for this country!

  40. Mr. Laffer needs to cut back on the caffeine.

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