The duties imposed by U.S. president Donald Trump became a "real gift" to Chinese president Xi Jinping due to the fact that they shaken global assurance in the credibility of the United States “ Wall Street diary reports.
Previously, Bloomberg reported that advanced duties on imports from China imposed by Trump could shortly lead to a shortage of goods in the US. The Agency stressed that the US imposed advanced tariffs on Chinese goods at a critical minute for retailers, as it was in March and April that they began to accumulate stocks for the second half of the year in order to be able to complete orders on time before the start of the school year and Christmas.
‘It is incorrect to think that duties only origin interior damage. Forced attacks on friends and rivals have shaken global assurance in the credibility of the United States.... The United States has given up global economical leadership in vain. China is already utilizing this, appealing to US allies as a more benign giant market... Trump's duties against allies are a real gift for Xi Jinping," wrote the newspaper.
According to the publication, the ‘tariff shock’ caused by Trump could ruin his second term. According to the Wall Street Journal, the voters chose Trump in part due to the fact that they "remember its economy in its first term", but in its second word it vents "its obsessions with trade and abroad policy", the first effects of which are negative.
"He (Trump – ed.) will neglect if he does not perceive to the warnings," concludes the publication.
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Trump’s customs became a gift to China, reports the media
