China rips prez ‘extort’
Chinese state media launched a blistering personal attack on President Trump, claiming his trade policies amounted to “extortion,” according to a report on Monday.
The overseas edition of the Communist Party’s People’s Daily newspaper said Trump was starring in his own “street fighter-style deceitful drama of extortion and intimidation,” Reuters reported.
The commentary on the paper’s front page went on to characterize as “wishful thinking” Trump’s efforts to get other countries to cooperate with the United States against China and blasted the administration for turning international trade into a “zero-sum game.”
It also delivered a shot to the billionaire former real-estate tycoon’s business acumen.
“Governing a country is not like doing business,” the paper said.
The United States and China — the world’s two largest economies — have been engaged in a tit-for-tat tariff war that the International Monetary Fund warned could affect the global economy.
In July, the United States and China slapped $34 billion worth of tariffs on each other’s goods.
And Washington is expected to impose additional levies on $16 billion worth of Chinese goods that Beijing promised it would immediately match.
China’s finance ministry also said it would place tariffs of up to 25 percent on 5,207 goods imported from the United States worth $60 billion if Washington follows through on a proposal to put a 25 percent tariff on $200 billion worth of Chinese imports.