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Fox Business Network's Charles Payne urged President Trump to explain to Americans his strategy behind what some have called a new "trade war" against China. 

On Twitter Wednesday morning, Trump said the U.S. is not in a "trade war" and that the country has been losing to China for years due to "foolish" trade policies. 

Trump said Tuesday the U.S. can no longer "live with" the trade imbalance and that negotiations with China are ongoing. Meantime, the administration said new 25-percent tariffs were planned for 1,300 products from China.

Beijing responded with new proposed tariffs on more than 100 U.S. products, including soybeans, cars and orange juice, pushing the U.S. stock market lower once again. 

Payne said on "America's Newsroom" that he agrees with Trump's policies and that the U.S. has been losing a trade war to China for decades. 

But he said Trump needs to explain his thinking to Americans ahead of the midterm elections. 

"President Trump is gonna get a lot of pushback from the media that wants to see him fail. I think the only mistake President Trump is making right now is not articulating this to the American public ... beyond tweets," said Payne, adding there will be "near-term pain" but also long-term benefits. 

Watch Charles on "Making Money," weeknights at 6:00pm ET on Fox Business Network


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