Chinese state media say Trump tariffs won't work
China’s strictly controlled news outlets have frequently rebuked the United States and the Trump administration as the trade conflict has escalated
They have largely refrained from specifically targeting Trump.
Trump’s desire for others to play along with his drama is “wishful thinking”, a commentary on the paper’s front page said, arguing that the United States had escalated trade friction with China and turned international trade into a “zero-sum game”.
“Governing a country is not like doing business,” the paper said, adding that Trump’s actions imperilled the national credibility of the United States.
The heated dispute between the world’s two biggest economies has roiled financial markets including stocks, currencies and the global trade of commodities from soybeans to coal in recent months. Last month, the International Monetary Fund warned that escalating trade conflicts following U.S. tariff actions on its trading partners threaten to derail the global economic recovery.
The United States and China implemented tariffs on $34 billion worth of each other’s goods in July. Washington is expected to soon implement tariffs on an additional $16 billion of Chinese goods, which China has already said it will match immediately.Published: by Radio NewsHub