On Tuesday, the United States President Donald Trump has said that he had to oppose China over trade even if it causes short-term obstacle to the economy of the United States because Beijing had been cheating Washington for decades.
“Somebody had to take China on,” President Trump told sources during a White House visit by Romanian President Klaus Iohannis, adding that “this is something that had to be done. The only difference is I am doing it.”
The US President said that “China has been ripping this country off for 25 years, for longer than that and it’s about time whether it’s good for our country or bad for our country short term. Long term it’s imperative that somebody does this.”
Concerned about a possible stagnation on last week’s financial market and likely to put administration officials on the outline about whether the United States economy would hold up till the 2020 Presidential Election scheduled in November.
On Sunday, Democrats has further argued that Donald Trump’s trade policies were posing short-term and acute risk. Last week, the United States stock market on recession fears with all three major indexes closing drown around 3 percent, parts their losses by August 23.
Donald Trump is seeking re-election, again rejected the recession fears claims, “We’re far from recession.”
President Trump’s tariff plans have roiled the global market and also discouraged investors as the trade war between the world’s two largest economies stretches into its second year without any end in sight.