President Trump escalated his war of words with the Chinese government this week, threatening to impose one of America’s largest trading partners with $200 billion in new tariffs should they continue to put the US at an “unfair disadvantage.”
According to the New York Times, the President slammed Beijing’s unfair trade policies and currency manipulation in a written statement, saying China has “no intentions” of changing their practices that continue to “threaten” American workers and businesses.
“China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology,” said the President. “Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong.”
“The administration is essentially saying it is willing to bring a substantial amount of commercial activity in the Asia-Pacific to a screeching halt,” said a senior analyst of Pacific Trade.
Read the full report at the New York Times.