US-China trade war will only make us stronger - China’s People’s Daily

Omkar Godbole FXStreet Contributor

The trade war with the US will only make China stronger and will never bring the country to its knees, the Communist Party’s People’s Daily wrote in a front page commentary on Friday, according to Reuters news.

Trade tensions escalated earlier this month after Trump hiked tariffs on $200 billion worth of Chinese goods from 10% to 25% and threatened to impose tariffs on additional goods.

China, in retaliation, taxed $60 billion of US goods, reviving the tit-for-trade war.

Tensions worsened this week after the Trump administration added China’s Huawei Technologies Co Ltd to a trade blacklist.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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