'I am the Chosen One': Trump defends China trade war

'I am the Chosen One': Trump defends China trade war

The US president, who seems somewhat anxious over fears of a recession and volatility in financial markets because of tit-for-tat tariffs imposed on hundreds of billions of dollars of imports between the US and China, has claimed that he will take on China even if it causes some short-term economic pain in the US, including a recession.

"This is a trade war that should have taken place a long time ago", Trump said. My life would have been a lot easier if I didn't take China on. And you know what? "And it should have been done by previous Presidents, but I took it on", he said.

The nonpartisan Congressional Budget Office on Wednesday became the latest independent institution to warn about the consequences of tariffs Trump has ordered imposed against China and a host of other countries. The administration has already imposed 25% tariffs on $250 billion worth of Chinese products and Trump has vowed to impose 10% tariffs on $300 billion worth of U.S. imports from China by September 1. Some of the new tariffs have since been postponed until mid-December.

Trump was reportedly talking about the trade war with China and how he is the one tasked with taking on the country's unfair trading practices. "We're winning", Trump said, claiming a title often used to refer to religious figures such Jesus and Mohammed.

Chinese Foreign Ministry spokesman Geng Shuang reiterated a threat to put sanctions on USA companies that sell weapons to Taiwan, saying such sales are a serious interference in China's internal affairs and violation of Chinese sovereignty.

"Somebody had to do it", Trump said, before looking up to the heavens and adding: "I am the Chosen One".

He added: "China wants to make a deal, and that's good".

"The time has come for China to come to the table, open their markets, and live by the rules of global commerce like every other industrialized nation does", Pence added.

U.S. Vice President Mike Pence was also critical of Beijing's trade practices while giving a speech at the Detroit Economic Club on August 19.

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