US, CHINA TRADE WAR “We are not in a trade war with China” TRUMP (US PRESIDENT) TWITTER

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!

It looks like the repeat of 1929 – 1934 trade war that took place in the world and caused great depression mighty take place if the is no surrender both world economic giants, USA and Chine if there is no clear agreement or negotiations on the trading relationship both of these countries. US imposed aluminum and steel tariffs in early March in order to protect the American industries. Mr Trump announced 25% tariffs on $50 billion to $60 billion in Chinese exports to the US, including aerospace, information and communication technology, and machinery. The Chinese also responded with their tariffs on the US exports in China, those including scrap aluminum, sparkling wine and apples. Trump returned with more tariffs on Chinese products, which targeted about 1, 300 Chinese products. In hours later, Chinese came out with more tariffs on the US in the variety of the US products, including Soya Beans and Boeing Planes.