Read more at https://www.channelnewsasia.com/news/asia/china-will-win-any-trade-war-with-us-state-media-10108518
(Updated: )
Ricky Lim ·
In Washington, US administration officials continued to seek to allay market fears of a trade war, and expressed a willingness to negotiate a resolution with China.
"There is a process here. There's going to be some back and forth, but there's also some negotiations," White House National Economic Council Director Larry Kudlow said. "I think we are going to get a deal over a period of time," he said in an interview with Fox Business Network.
"Within 24 hours of the US publishing its list, China drew its sword, and with the same strength and to the same scale, counterattacked quickly, fiercely and with determination," the paper said in a commentary on Thursday.
"The confidence to know that will win the trade war comes from the scale of consumer market," the paper said, noting that China's market potential is incomparable to other economies.
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This is an indication that "Trump is blinking first".
Trump will not be getting support from his lawmakers and US business group - and Trump has a very tight deadline ---- the November Congressional mid-term election.
If Trump don't get a quick result ---- Trump will lose big - and may eventually lose his Presidency.
China has withholding power, and its business group and political group - throw the whole weight into this trade war started by Trump.
If China can hold it out ----- Trump will lose and LOSE BIG!
Thus Trump's downside is very high !
"There is a process here. There's going to be some back and forth, but there's also some negotiations," White House National Economic Council Director Larry Kudlow said. "I think we are going to get a deal over a period of time," he said in an interview with Fox Business Network.
"Within 24 hours of the US publishing its list, China drew its sword, and with the same strength and to the same scale, counterattacked quickly, fiercely and with determination," the paper said in a commentary on Thursday.
"The confidence to know that will win the trade war comes from the scale of consumer market," the paper said, noting that China's market potential is incomparable to other economies.
--
This is an indication that "Trump is blinking first".
Trump will not be getting support from his lawmakers and US business group - and Trump has a very tight deadline ---- the November Congressional mid-term election.
If Trump don't get a quick result ---- Trump will lose big - and may eventually lose his Presidency.
China has withholding power, and its business group and political group - throw the whole weight into this trade war started by Trump.
If China can hold it out ----- Trump will lose and LOSE BIG!
Thus Trump's downside is very high !
Like · Reply · 1m
Ricky Lim ·
And this is the best opportunity and best time to crush the big bully - Trump - and teach him a good and expensive lesson --- so that he won't act rashly in future.
Like · Reply · 1m
Ricky Lim ·
"China's counter tariffs are a spectacular way of standing up to America's bullying tactics, not only for itself, but for other countries threatened by the United States' new trade policies," the nationalist Global Times said in an editorial on Thursday.
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Yes for this counter-attack started by Trump ---- China is doing the World a big favor and hopefully China can and will win this trade war --- and crush this aggressive Trump.
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Yes for this counter-attack started by Trump ---- China is doing the World a big favor and hopefully China can and will win this trade war --- and crush this aggressive Trump.
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