Thursday, August 9, 2018

Trump versus China -- Round #2

China Launches 
Personal Attack 
on Trump, 
Starting Last Weekend



FRIDAY
(China)
Beijing's announced
that it would add duties, 
ranging from 5% to 25%, 
on an additional $60 billion 
in US goods. 



A heated war of words followed:



SATURDAY
(US)
Trump told supporters that 
playing hardball on trade
is "my thing" and said that  
“we have really rebuilt China, 
and it’s time that we rebuild 
our own country now."



SUNDAY
(China) 
Global Times editorial
declared China 
is prepared 
for a "protracted war" 
and doesn’t fear
sacrificing short-term 
economic interests, 
"considering the 
unreasonable 
US demands, 
a trade war is an act 
that aims to crush 
China’s economic sovereignty, 
trying to force China to be 
a U.S. economic vassal."


(US) 
In his Twitter posts, 
Trump said the 
US’ punitive tariffs 
were “working big time” 
and the US is winning 
the trade war, 
highlighting the dropping 
Shanghai Composite
offset by the resilience 
in the S&P500.


MONDAY
(China)
A front-page editorial
in the overseas edition 
of People’s Daily
said Trump was
"starring in his own 
carefully orchestrated 
street fighter-style 
deceitful drama 
in which diplomacy 
had been reduced 
to nothing but a 
trading game 
in which everything 
should follow the rule 
of America first”.

People's Daily 
also claimed 
that the US 
was “turning 
international trade 
into a zero-sum game 
in the hope 
of forcing China 
to make a
tremendous 
compromise." 

“But China 
will never surrender 
to blackmail 
and will definitely rise 
to defend itself 
when it involves 
national interests 
and national dignity,”
it said.

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