Wilbur Ross just claimed on CNBC that China will not retaliate with tariffs of its own as such action would hurt its own economy by raising prices for Chinese consumers. Agreed, but why does that same logic not apply to our tariffs hurting American consumers?

Wilbur Ross just claimed on CNBC that China will not retaliate with tariffs of its own as such action would hurt its own economy by raising prices for Chinese consumers. Agreed, but why does that same logic not apply to our tariffs hurting American consumers?

— Peter Schiff (@PeterSchiff) March 2, 2018