Donald Trump takes on mission to confront China over trade
Donald Trump takes on mission to confront China over trade

Every public address of the US President is memorable because of his dramatic tone. Moreover, even his tweets are capable of roiling financial markets and completely changing investors’ sentiment. Speaking in front of the White House, Donald Trump gave a pompous answer when asked about new tariffs he slapped on China’s imports in August. “China has been ripping this country off for 25 years,” he began his speech. “Somebody had to take China on. This is something that had to be done. The only difference is I am doing it,” he said. "I am the chosen one” to tackle trade imbalances with China, the US leader acknowledged his exceptional part in US history. Donald Trump unleashed the trade war with Beijing being aware that it would cause short-term harm to the US economy. Indeed, its GDP growth was downgraded to 2.0% in Q2 2019 on a yearly basis from a solid 3.1% gain in the previous quarter. Economic expansion has been dented by declining exports, business investment, manufacturing, and the housing market. All these are the predictable fallout from the year-long trade conflict.

Meanwhile, Donald Trump is enjoying his presidency. Lately, he quoted the words of radio host Wayne Allyn Root in his Twitter account. “President Trump is the greatest President for Jews and for Israel in the history of the world, not just America, he is the best President for Israel in the history of the world...and the Jewish people in Israel love him like he is the second coming of God,” the cunning broadcaster flattered the President.

Published: 2019-09-03 11:05:06 UTC
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