On Saturday, US President Donald Trump defended his decision to put heavy tariffs on Chinese goods, saying that the US had become a foolish and helpless pillar in global trade. This comment has come at a time when China has warned the US against using tariffs as an economic weapon, which has increased tension in high-day trade deadlock between the world’s two largest economies.
Trump said, “China has suffered more harm than the US. China and many other countries have treated us unbearablely. We have been silent and helpless whipped columns, but not anymore. My administration is reversing the economic decline for years.”
He said, “We are bringing back more jobs and business than ever. It has already invested more than 5 trillion dollars and it is growing rapidly. It is an economic revolution and we will win. Be patient, it will not be easy, but the end results will be historic. We will make America great again.”
On Saturday, China’s Foreign Ministry said that it will continue to take strong steps to protect its sovereignty, security and development interests. According to the report by news agency Reuters, he also urged the US to stop using tariffs as a weapon to suppress China’s economy and trade and prevent the valid development rights of Chinese people from weakening.
Let us know that Trump imposed an additional 34 percent tariff on Chinese goods earlier this week, which made the total US duty on imports from China to 54 percent this year. The move started immediate retaliation from Beijing, which announced on Friday that he would impose an additional 34 percent tariff on all American goods. Chinese tariffs will be effective from April 10. Reacting to Beijing’s decision, Trump said on Wednesday, “China took wrong steps, they got nervous – one thing they cannot tolerate.”