China's Media Calls Trump Delusional
President Donald Trumps decision to impose tariffs on imports from China is a symptom of paranoid delusions, Chinas state-run media announced Friday as the two countries ramp up their threats of a full-scale trade war.
The woes the administration is inflicting on Chinese companies do not simply translate into boons for U.S. enterprises and the U.S. economy, the official China Dailysaid in an editorial. The fast-shrinking Chinese investment in the U.S. reflects the damage being done to China-U.S.-trade relations ... by the trade crusade of Trump and his trade hawks, it added.
On June 15, Trump released two lists of Chinese products that his administration plans to slam with tariffs of around 25 percent starting next month. The administration already imposed tariffs of up to 25 percent on Chinese steel, aluminum and other products like solar panels and washing machinesand has routinely accused China of stealing intellectual property from U.S. companies.
Beijing, meanwhile, has accused the U.S. of violating international trade norms, and has said that it will hit back with its own set of tariffs against U.S. imports. Officials in China said their country's tariffs would be qualitative and quantitative. Trump responded to Chinas statement by threatening to impose even more tariffs, leading many to fear that a full-scale trade war is about to break out. Some analysts say that leaders from the two countries are waiting to see who will back down first so that real trade negotiations can take place.
Chinese media argued on Friday that the U.S. administration is failing to recognize that it is the U.S. that will be hurt by Trumps trade war. U.S. economists, meanwhile, agree that U.S. consumers and workers will be among the first to feel the impact of Trumps trade war.
https://www.msn.com/en-us/news/world/chinas-media-calls-trump-delusional/ar-AAz1Oq2?li=BBnb7Kz
I don't think they fail to recognize such. They just don't fucking care.