Colorado's former governor, John Hickenlooper, a presidential candidate for 2020, said on Thursday that President Donald Trump's tariffs on Chinese goods will not merit recognition if they bring Beijing to the negotiating table.
Hickenlooper, one of the nearly two dozen Democrats vying for a chance to kick Trump out of the 2020 elections, said China was ready to negotiate before Trump imposed several Chinese import duties on Chinese goods Billion dollars.
"They were at the table," Hickenlooper said of China in CNBC's "Closing Bell."
"They were ready to bargain, and there was a give and take," added Hickenlooper, noting that "maybe we were." Do not go as fast as we wanted.
Rising US-China trade tensions, which were held behind closed doors for a long time, seemed to boil over in mid-May, and both sides dug in the heels when it came to disagreements Trump claimed Thursday that China "had the deal even though he also said that the country "would like to make a deal" with the US.
Trump, who has long argued that the US will eventually win a trade war with China, said The recently raised tariffs on Chinese Goods "are having a devastating effect on China."
Hickenlooper disagreed, saying he did not believe that "anyone really takes into account the risk of alienating US allies as a result of a trade war."
"Just like our policy towards Iran … to isolate them again, some of our allies now find various ways to trade, so they do not consider US dollars Trade medium, "said Hickenlooper.
Hickenlooper said he "certainly will not argue that China is not cheating on international agreements" by stealing intellectual property, as the US has long maintained. "You can not let that happen," he said.
But "the risk here is damn high," he added.
"If you look at some of these electronics companies and how they need to rebuild their supply chains based on these tariffs, then these are … supply chains designed to create jobs in the United States," said Hickenlooper. "And now these jobs are probably going away and forever out of the country."