Thursday, May 09, 2019

EDITORIAL_ Trump is just fighting back in a trade war that China started long ago

NEW YORK POST

OPINION  -  EDITORIAL

Trump is just fighting back in a trade war that China started long ago

By Post Editorial Board

May 8, 2019 | 7:12pm

Photo:
Da qing - Imaginechina/Sipa USA


China is up to its old tricks on trade, but it’s learning the hard way that there’s a new sheriff in town: President Trump.

On Wednesday, Reuters confirmed Team Trump charges that Beijing had reneged on its vows to make numerous key concessions on trade, upending months of talks between Chinese and US officials.

A cable from Beijing on Friday contained “systematic edits to a nearly 150-page draft trade agreement” that “undermined core US demands,” sources told Reuters.

Instead of OKing the deal anyway, Trump fired back, moving to toughen tariffs on Chinese goods: Thursday, the White House filed notice that it would hike fees on $200 billion in imports to 25 percent, up from 10 percent, starting Friday. Trump is also vowing to slap tariffs on more Chinese goods “soon,” absent a deal.

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READ MORE: https://nypost.com/2019/05/08/trump-is-just-fighting-back-in-a-trade-war-that-china-started-long-ago/



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