Advertisements
Latest News:

Trump blames everyone else but himself for trade war with China

This week President Trump surrounded by Cabinet officials before a White House meeting on Monday said the trade deal between the U.S. and China includes “the most lopsided set of trade rules and regulations that anybody has ever seen.”

Rather than blame Beijing, however, Trump criticized previous U.S. presidents, representatives, and negotiators for the current trade situation.

In response to Trump’s tariffs Beijing has threatened to target $50 billion worth of U.S. products – including soybeans and small aircraft – for possible tariff increases.

Experts have warned that if the tariffs go into effect, U.S. farmers, who rely heavily on exporting their agricultural products to China, will be among the first casualties.

Earlier Monday, Trump decried “stupid trade” with China, contending that U.S. automakers are hurt by hefty tariffs on their exports while the U.S. imposes a much smaller tax on imported Chinese vehicles.

Trump’s “bipolar” broadside against China came a day after he predicted the U.S. and China would resolve their escalating fight over tariffs; but, there was no immediate end to the standoff, with the Chinese Foreign Ministry saying that trade talks with the U.S. are impossible under current conditions.

Advertisements
About Staff Writer - RN1 (2087 Articles)
Bringing real independent news to all people

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: