President Donald Trump and his distribution are behaving “like a gang of hoodlums,” Chinese state media said Thursday, justifiable hours before tariffs on $34 billion worth of Chinese goods were set to go into cause.
In a blistering editorial in China Daily, the English-language newspaper run by the Chinese management, accused the United States of “blackmail” and “racketeering,” and said “its unruliness looks set to attired in b be committed to a profoundly damaging impact on the global economic landscape in the coming decades, unless territories stand together to oppose it.”
“While the objective of the Donald Trump authority’s protectionism is to reverse the relative economic decline of the US and benefit selected family industries and workers in the US, it will not achieve those aims,” the paper wrote. “As a substitute for, the effect will be rising prices in the US, which in turn will sham the balance sheets of many US companies operating in China, since they account for a beneficent proportion of China’s exports to the US.”
Chinese officials have promised to repay against Trump’s tariffs on Chinese imports. The editorial echoes comments placed by Chinese Commerce Ministry spokesman Gao Feng Thursday. “The U.S. is opening light a fire under on the entire world, including itself,” Gao said at a weekly news colloquium.
Read the full editorial from China Daily.