TEHRAN, May 14 - US President Donald Trump has claimed that the United States is in a "fantastic position" in a trade war with China.
TEHRAN, Young Journalists Club (YJC) - "China buys MUCH less from us than we buy from them, by almost 500 Billion Dollars, so we are in a fantastic position," he wrote.
"Make your product at home in the USA and there is no Tariff. You can also buy from a non-Tariffed country instead of China. Many companies are leaving China so that they will be more competitive for USA buyers," Trump continued. "We are now a much bigger economy than China, and have substantially increased in size since the great 2016 Election. We are the 'piggy bank' that everyone wants to raid and take advantage of. NO MORE!"
"China buys MUCH less from us than we buy from them, by almost 500 Billion Dollars, so we are in a fantastic position," he wrote.
"Make your product at home in the USA and there is no Tariff. You can also buy from a non-Tariffed country instead of China. Many companies are leaving China so that they will be more competitive for USA buyers," Trump continued. "We are now a much bigger economy than China, and have substantially increased in size since the great 2016 Election. We are the 'piggy bank' that everyone wants to raid and take advantage of. NO MORE!"
On Monday, Trump warned Chinese President Xi Jinping that his country would be "hurt very badly" if a deal to end the escalating trade war is not reached between the two countries.
"I say openly to President Xi & all of my many friends in China that China will be hurt very badly if you don’t make a deal because companies will be forced to leave China for other countries," Trump said.
"Too expensive to buy in China. You had a great deal, almost completed, & you backed out!” he said.
The Washington-Beijing trade dispute escalated on Friday, when the US increased tariffs on $200 billion worth of Chinese goods from 10 percent to 25 percent after Trump accused Beijing of “breaking the deal” by reneging on earlier commitments made during months of talks.
Trump also ordered US Trade Representative Robert Lighthizer to begin imposing tariffs on all remaining imports from China, a move that would affect about an additional $300 billion worth of goods.
Beijing has vowed to respond to the latest US tariffs, but has announced no details yet.
Speaking earlier on Monday, Chinese Foreign Ministry spokesman Geng Shuan said Beijing will never surrender to external pressure.
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