Chinese newspaper mocks Trump’s claim of winning trade war as ‘wishful thinking’

Irving Hamilton
August 10, 2018

A truck transporting a shipping container is seen at a cargo terminal at a port in Qingdao, Shandong province, China April 6, 2018.

China's state media continued its aggressive rhetoric against U.S. President Donald Trump's administration, accusing Washington of being "double-faced" amid an ongoing trade dispute.

The Trump administration has threatened to slap more tariffs on an increasing amount of Chinese goods while sending signals "through various ways that it is willing to negotiate with China", it said.

US President Donald Trump holds a Make America Great Again rally in Olentangy Orange High School in Lewis Center, Ohio August 4, 2018.

Chinese media has fired several shots at the United States leader this week, as it takes an increasingly aggressive stance towards Trump and the tariffs he has placed on Chinese imports.

"China market has dropped 27 percent in the last four months".

The latest criticism from the overseas edition of the ruling Communist Party's People's Daily newspaper singled out Trump, saying he was starring in his own "street fighter-style deceitful drama of extortion and intimidation".

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The newspaper argued that the tariffs were not effective, noting that the Chinese stock market had been suffering before the tariffs and that the USA trade deficit had increased by $3 billion in June.

The US trade deficit climbed US$3 billion to US$46.3 billion in June, the first increase in four months, the US Commerce Department said on Friday, undermining Trump's claim that "tariffs are working big time" said the paper.

Reuters reported that the Chinese government often uses the English-language newspaper to send global messages.

Trump cited losses in China's stock market as he predicted the USA market could "go up dramatically" once trade deals were renegotiated.

"Leading China's economy on a stable and far-reaching path, we have confidence and determination", another commentary in the main edition of the People's Daily said.

Recent data showed growth in the world's second largest economy has already started to cool.

Beijing has responded by releasing more liquidity into the banking system, encouraging lending and promising a more "active" fiscal policy.

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