Trump Claims China Suffers More in Ongoing Trade War
Donald Trump claimed China is suffering more than the US in the trade war, stating they have treated the US badly. He emphasized his administration’s efforts to revive American jobs through significant investments. China announced a 34% increase in tariffs on US goods, prompting further tensions between the two nations.
Donald Trump asserted on Saturday that China has faced greater hardships in the ongoing trade war than the United States. This assertion comes in light of the recent decline in US stock markets, which raised concerns of a potential global recession. Trump expressed that the United States had endured unfair treatment, stating, “They, and many other nations, have treated us unsustainably badly. We have been the dumb and helpless ‘whipping post’ but not any longer.”
Trump emphasized that his administration’s economic policies aim to revive American jobs and businesses. He claimed an unprecedented investment of over five trillion dollars, declaring, “We are bringing back jobs and businesses like never before. THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN. HANG TOUGH, it won’t be easy, but the end result will be historic. We will, MAKE AMERICA GREAT AGAIN.”
In a recent announcement, China stated it would impose additional tariffs of 34% on all US goods starting April 10. The Chinese finance ministry specified that this tariff increase would be added on top of the existing rates. Moreover, China’s foreign ministry reiterated its commitment to taking necessary actions to protect its national interests and criticized the US’s use of tariffs against China.
In response to China’s tariff decision, Trump remarked that China miscalculated its position and could not afford the implications of such tariffs. He stated, “China played it wrong, they panicked – The one thing they cannot afford to do.” Overall, the situation illustrates the escalating tensions and complexities in US-China trade relations, with both sides taking firm stances on tariffs and trade policies.
In summary, Donald Trump has asserted that China has been adversely affected by the tariff war initiated by the United States. His comments follow a period of stock market declines and his emphasis on reviving American jobs and businesses through significant investments. China’s recent tariff announcements further exacerbate the ongoing tensions, with both nations taking resolute positions on their economic strategies. The situation underscores the critical and evolving dynamics in international trade relations.
Original Source: www.hindustantimes.com
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