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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