President Donald Trump on Sept. 30 said the U.S. is “winning” the trade war with China, one day ahead of China’s “National Day,” when the Chinese communist regime celebrates the 70th anniversary of its takeover.
Trump, in a tweet, quoted Johnathan Ward, an analyst on U.S. national strategy to China and the founder of Atlas Foundation, a Washington and New York-based consultancy: “After many years, the United States is finally waking up to Beijing’s plans and ambitions to pass us as the dominant economic [and] military superpower in the 21st Century.”
“We are winning, and we will win,” Trump added, and ended the tweet by wishing China a “Happy Birthday.”
He also said that China “should not have broken the deal.”
The tit-for-tat trade war between the world’s two largest economies has continued for over a year, with both parties imposing retaliatory taxes on billions of dollars worth of goods.
The trade war has taken a toll on China’s economy and waned investor confidence.
Growth in China’s industrial production in August fell to its weakest in 17-and-a-half years while exports tumbled amid spreading pain from the trade war and softening domestic demand.
The People’s Bank of China in early September cut the reserve requirement ratio for the third time this year, to free up funds for loans and stimulate the economy.
Although manufacturing activity rebounded in September, analysts say the figures are unlikely to indicate an end to the slowdown in the industrial sector.
China’s foreign ministry spokesperson in a news conference on Sept. 30 urged the two sides to meet “halfway” on a solution to the trade disputes.
“We have just begun!” he added.
