Graham On Trade War: At Point Where Prices Go Up At Walmart, China Trying To "Wait Trump Out"

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Sen. Lindsey Graham spoke about the ongoing trade war with China during an inteview Sunday on CBS's "Face the Nation." Graham warned that we are reaching the "part in the trade war where you feel price increases at Walmart"

"The Chinese government, the Chinese army and the Chinese business community are one in the same. They're very mercantile," Graham said. "The Chinese Communist Party runs everything in China. Until they feel the pain, they're not going to stop."





"I think they're trying to wait Trump out," he explained. "I think they've made a calculation that our elections are right around the corner. They can play this game to 2020. If Trump keeps piling on, I don't know if they can make it that long because the supply chain is beginning to move. The more expensive it create- you to produce products in China, the more likely you are to relocate the supply chain which would be a death blow to the Chinese economy."

CBS, MARGARET BRENNAN: How much pain should people of South Carolina be prepared for?

SEN. LINDSEY GRAHAM: Some. Consumer prices on commodities are gonna go up. We're now that part in the trade war where you feel price increases at Walmart. The president has backed off because he's worried about the Christmas shopping season. I'd tell you, Mr. President, listen, you got more bullets than they do. They sell us a lot more stuff than we sell them and the goal is get them to change their behavior. The Chinese government, the Chinese army and the Chinese business community are one in the same. They're very mercantile. You don't have these disputes among democracies, but the Chinese Communist Party runs everything in China. Until they feel the pain, they're not going to stop. They- they need to change their intellectual property theft practices. They need to open up their markets to us. They need to become a reliable trading partner rather than a mercantile system that cheats everybody out of market share.

MARGARET BRENNAN: And they- a lot of people, as you say, support the president in that China hasn't agreed to do those things--

SEN. GRAHAM: Right.

MARGARET BRENNAN: -- up to this point--

SEN. GRAHAM: And they never will until they pay a heavier price.

MARGARET BRENNAN: So, you think possibly not until after the election--

SEN. GRAHAM: I think they're trying to wait Trump out. I think they've made a calculation that our elections are right around the corner. They can play this game to 2020. If Trump keeps piling on, I don't know if they can make it that long because the supply chain is beginning to move. The more expensive it create- you to produce products in China, the more likely you are to relocate the supply chain which would be a death blow to the Chinese economy.

MARGARET BRENNAN: That's been happening for- for some time but do you, because South Carolina has so many auto plants in particular--

SEN. GRAHAM: Steel and aluminum tariffs hurt us a lot. But, you know, the steel and aluminum business has a chance of coming back. China produced more steel in one year than the entire world consumed. That's an unfair trade practice. They should be in the WTO as a developed nation not a developing nation. Everybody- I had a bill with Chuck Schumer seven or eight years ago to label China a currency manipulator and to put a 27 and a half percent tariff on every product that benefited from currency manipulation. Bush would never do it. Obama would never do it. Trump did it. So to my Democratic colleagues, he's doing the things you've been calling for all these years.


Watch the full segment via CBS:

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