​Trump speaks on United States ‘war’ with China NEWS

TOPICS: President Donald Trump on Wednesday stated that the United States is not in a trade war with China.
“We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S.,” Trump said in a tweet.

The tweet came on the heels of China unveiling new tariffs on 106 U.S. products early Wednesday morning.

Stock futures fell, and the Dow Jones industrial average was set for a nearly 500-point decline.

China’s ambassador to the United States has explained to CNBC on Tuesday evening why his country was striking back against U.S. trade measures.

“We certainly don’t want to have any trade war with anybody, but people have to understand who started all this,” ambassador Cui Tiankai said.

Speaking ahead of the official announcement, Tiankai said China would resort to the World Trade Organization dispute settlement mechanism.

Cui’s comments come after President Donald Trump’s White House unveiled a list Tuesday of Chinese imports the administration proposes to target as part of a crackdown on what the president deems unfair trade practices.

However, Commerce Secretary Wilbur Ross, maintains that China’s new tariffs aren’t a threat to the U.S.

Credit: Dailypost.ng


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

This site uses Akismet to reduce spam. Learn how your comment data is processed.