Trump said that the United States lost a trade war with China many years ago

Trump said that the United States lost a trade war with China many years ago

MOSCOW, 4 APR — RIA Novosti. The US President Donald trump said that Washington many years ago lost a trade war Beijing, and because of this, today, the United States received billions of dollars in trade deficit with China.

“We are not in a state of trade war with China, that war was lost many years ago stupid or incompetent people who represented the United States. Now we have a trade deficit of 500 billion dollars a year and the theft of intellectual property another $ 300 billion. We cannot allow this to continue,” wrote trump on Twitter.

Earlier Wednesday, the United States published a list of the 1.3 thousand Chinese products, against which may be imposed import tariffs as a response to the violation by China of intellectual property rights for American products. So the United States intends to overcome the multi-billion dollar trade deficit with China. Counting the American administration China will lose out on these fees about $ 50 billion annually. The U.S. claim that this is only the first step in the issue of countering China in the field of trade.

China’s state Council made the decision in response to introduce a fee at the rate of 25% on the 106 items of goods imported from the United States. The timing of the introduction of trade measures will depend on when U.S. authorities announced the introduction of its duties on Chinese goods.

Deputy Minister of Commerce of China shouven Wang said that China does not want a trade war with the United States, but if Washington is going to war, Beijing is ready for this.