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Debate highlights on trade and tariffs
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Debate highlights on trade and tariffs

Former U.S. President and Republican presidential candidate Donald Trump speaks during a presidential debate with U.S. Vice President and Democratic presidential candidate Kamala Harris at the National Constitution Center in Philadelphia, Pennsylvania, on September 10, 2024.

Saul Loeb | AFP | Getty Images

Donald Trump and Kamala Harris clashed over China policy during the presidential debate hosted by ABC News on Tuesday night in the United States.

Trump defended his recent promises to raise trade tariffs, including across-the-board tariffs of 10% to 20% and additional tariffs of 60% to 100% on China.

“Other countries are finally going to pay us back, after 75 years, for everything we’ve done for the world, and the tariffs are going to be substantial,” the former president said, adding that his administration had received “billions and billions of dollars” from China.

He also pointed out that the Biden-Harris administration maintained most of the Trump administration’s tariffs on China.

“They never took the tariff off because it was so much money. They can’t do that, it would completely destroy everything they were planning to do,” he said.

Former President Trump Defends Tariffs in ABC Debate

Trump also downplayed concerns that his tariff policies would raise prices for consumers.

“What’s going to happen and who’s going to get the higher prices is China and all those countries that have been ripping us off for years.”

Meanwhile, Harris argued that the Trump administration has been weak on China.

“Under the presidency of Donald Trump, he ended up selling American chips to China to help them improve and modernize their military,” Harris said, apparently referring to the current administration’s efforts to restrict the sale of advanced semiconductors to adversaries.

“He has in fact betrayed us, when policy towards China should be about ensuring that the United States of America wins the competition of the 21st century,” she said.

“To do that, we have to focus on relationships with our allies, on investing in American technology so that we win the race, on AI, on quantum computing, and on what we need to do to support the American workforce.”

Economists and policy experts previously told CNBC that Trump’s economic policy toward China in a second term was expected to center on heavy trade tariffs. In contrast, Harris is expected to focus more on targeted restrictions in coordination with U.S. allies.

Read more about CNBC’s political coverage