Economist Steve Moore joined Fox News host Jesse Watters on Friday with a strong message. He pointed the finger at China for the sharp drop in the stock market. Moore called China the “real villain” behind the market’s steep decline.
U.S. stocks took a nosedive for the second day in a row. The Dow Jones fell 2,200 points after President Trump rolled out new tariffs. Global markets were shaken by the announcement.
Moore didn’t hold back during “Jesse Watters Primetime.”
“The real villain here is China. And, as you know, the reason the market tanked today is because China tried to retaliate against it. I think that was like an economic declaration of war against the United States,” Moore said.
He said the U.S. needs to stand firm—and not alone. Moore called for uniting allies to push back against China’s economic behavior.
“They are an enemy of the United States. They’re engaged in predatory trade practices. They don’t play by the rules. They cheat, and they steal. That’s the country we have to bring to heel here,” Moore said.
Moore believes China is overmatched in this trade war. He said Trump’s strategy could work if the U.S. stays the course.
“They cannot win a trade war with the United States. They cannot possibly win that. And Trump is using that leverage to force them to play by the rules,” Moore said.
In retaliation, China is slapping a 34% tariff on all U.S. imports. The new tariffs take effect April 10, according to China’s Finance Ministry.
Trump fired back on Truth Social. He said China “played it wrong” and predicted a “boom” in the markets thanks to his economic policies.