Trump: “We Are Not In A Trade War With China; That War Was Lost Many Years Ago…”
by Tyler Durden
ZeroHedge.com
Wed, 04/04/2018
With US stock futures plunging toward their Wednesday lows following China’s decision to strike back against the US by announcing 25% tariffs on on some $50 billion of US imports, including soybeans, airplanes, cars and chemicals, as the news revived fears of an escalating trade war.
But in a pair of tweets sent Wednesday, President Trump suggested that the market had it wrong. We aren’t about to start a trade war with the Chinese, the president said. Rather, we’ve been fighting a losing battle for years.
“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 US. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!”
And before that, the president lashed out at the US’s weak border laws for the fourth time in a week – after announcing last night that he would mobilize the military to protect the US’s southern border as a caravan of Central American immigrants draws closer.
“Our Border Laws are very weak while those of Mexico & Canada are very strong. Congress must change these Obama era, and other, laws NOW! The Democrats stand in our way – they want people to pour into our country unchecked….CRIME! We will be taking strong action today.”
The Rest…HERE
