Trump Slams Faltering Chinese Economy, Declares US ‘Winning’ Trade War
With US stocks at record highs, it appears the president couldn’t resist a few minutes to gloat…
from Zero Hedge
The leadership in Beijing probably wasn’t too disappointed with the country’s slowest in nearly 30 years 6.2% annualized GDP print published early Monday morning local time, after all, in keeping with China’s “no surprises” mandate on economic data – every number is goalseeked to perfection to match the consensus, even if the Q2 number was slightly lower than Q1.
But with stocks at record highs, allowing Trump the upper hand in the interminable trade war, it appears the president couldn’t resist a few minutes to gloat.
As Trump has long claimed, thousands of companies are leaving China for other non tariiffed countries (though, the rest of China’s economic data wasn’t nearly so downbeat as the GDP number, which suggests that, once again this is merely more Trump showmanship).
China’s 2nd Quarter growth is the slowest it has been in more than 27 years. The United States Tariffs are having a major effect on companies wanting to leave China for non-tariffed countries. Thousands of companies are leaving. This is why China wants to make a deal….
— Donald J. Trump (@realDonaldTrump) July 15, 2019
….with the U.S., and wishes it had not broken the original deal in the first place. In the meantime, we are receiving Billions of Dollars in Tariffs from China, with possibly much more to come. These Tariffs are paid for by China devaluing & pumping, not by the U.S. taxpayer!
— Donald J. Trump (@realDonaldTrump) July 15, 2019
