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President Trump last week raged about China's high tariffs against American products. The mainstream media breathlessly predicted a devastating trade war — one the MSM gleefully declared the U.S. would lose — and said the aggressive move would devastate the stock market.
Neither happened. In fact, the exact opposite occurred.
On Tuesday, Chinese President Xi Jingping announced plans to "open" China and vowed to "significantly" lower tariffs on automobile imports from the U.S.
"China does not seek trade surplus. We have a genuine desire to increase imports and achieve greater balance of international payments under the current account," Xi said at the economic Boao Forum for Asia.
Mr Xi also pledged to reject attempts to impose barriers on world trade, saying that “China’s door of opening up will not be closed and will only open up even wider."Read the rest from Joseph Curl HERE.
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