GAI president Peter Schweizer told Fox Business’s Larry Kudlow that China is already suffering the effects of President Trump’s tariffs in an appearance late Friday, May 9.
Kudlow asks Schweizer if the problems are perhaps deep or painfuil enough for the Chinese Communist Party’s (CCP) grip on power to be in jeopardy.
“It’s a very brittle political system,” Schweizer said. “You’ve got 100 million members of the CCP and a billion or a billion and a half people in the general population.”
China’s system is not a true Marxist-Leninist system, nor is it a market capitalist system, Schweizer explains. “They have a market-Leninist system. But it’s directed by the regime. When you get a disruption like tariffs, it presents huge problems, and this is not a regime that can turn on a dime.”