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Trump Attacks ‘Foolish’ and ‘Incompetent’ Past U.S. Leaders as Stocks Dive on Trade Uncertainty

Andy Towle April 6, 2018 Leave a Comment

Donald Trump on Friday morning tweets attacked “foolish” and “incompetent” past U.S. leaders for having already lost “a trade war with China”.

Trump retweeted a tweet from April 4 that claimed: “We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!”

Screen Shot 2018 04 06 at 9.17.32 AM

Trump also tweeted: “Despite the Aluminum Tariffs, Aluminum prices are DOWN 4%. People are surprised, I’m not! Lots of money coming into U.S. coffers and Jobs, Jobs, Jobs!”

Trump threatened more tariffs on China on Thursday night, the NYT reports:

President Trump said Thursday that the United States would consider slapping tariffs on an additional $100 billion in Chinese goods, escalating a potentially damaging trade dispute with Beijing. Mr. Trump said in a statement that he was responding to “unfair retaliation” by China, which published a list on Wednesday of $50 billion in American products that would be hit by tariffs, including soybeans and pork. That move was a direct reaction to the tariffs on $50 billion in Chinese goods that the White House detailed on Tuesday.

The Dow closed down 229 points at open on Friday.

Topics: Uncategorized More Posts About: China, Daily Resist, Donald Trump

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