President Donald Trump today said the US is not in a trade war with China as the war was lost many years ago by the previous "foolish and incompetent" American leadership.
Trump, however, asserted that the current trade situation with China cannot be allowed to continue.
"We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the US. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue! he tweeted
In another tweet Trump said, "When you're already $500 Billion DOWN, you can't lose!"
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