Trump Slams Faltering Chinese Economy, Declares US ‘Winning’ Trade War

Fight Censorship, Share This Post!

The leadership in Beijing probably wasn’t too disappointed with the country’s slowest in nearly 30 years 6.2% annualized GDP print published early Monday morning local time, after all, in keeping with China’s “no surprises” mandate on economic data – every number is goalseeked to perfection to match the consensus, even if the Q2 number was slightly lower than Q1.

But with stocks at record highs, allowing Trump the upper hand in the interminable trade war, it appears the president couldn’t resist a few minutes to gloat.

As Trump has long claimed, thousands of companies are leaving China for other non tariiffed countries (though, the rest of China’s economic data wasn’t nearly so downbeat as the GDP number, which suggests that, once again this is merely more Trump showmanship).

China “wishes it hadn’t broken the original deal in the first place,” Trump says. But the US has plenty of time to hold out for better terms, since money is pouring into the coffers of our Treasury – taxes paid by American importers, but we magine Trump will continue to pretend our adversaries in China are footing the bill.


This post has been republished with implied permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

Fight Censorship, Share This Post!

Read the original article.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.