'We're going to win!' Pompeo vows China trade war will last until Americans get what they 'deserve'

As the latest US and Chinese tit-for-tat tariffs are about to take effect, Mike Pompeo has reassured Americans that any inconveniences they might suffer in the trade war are temporary, before they emerge victorious and prosperous.

» Top New Products

The Candlestick Trading Bible

The  Most  Powerful  Trading  System  In  History  Used  By  Munehisa  Homma                                                                   

Parenting and Families Products

A  great  collection  of  eBooks  on  parenting    and    family  related  products.                                                       

Protect Your e-Books and Videos

Protect  your  digital  contents  with  the  best  protection  software  on  the  market.                                           

Internet profits

60  Entrepreneurs    and    Millionaires  Reveal  The  Secrets  In  Business    and    Life                                             

Learn That Language Now

Want  the  quickest,  fastest  method  to  learn  a  foreign  language?  Read  now                                                         

Guide to resume writing

With  simple  language  and  formatting  refinements  improve  your  response  rate  by  as  much  as  50%.             

Model Train Layout Ideas

Learn  The  Methods  That  Helps  You  Plan,  Build    and    Maintain  Amazing  Model  Train  Layouts  By  Your  Own 

How To Spray Paint Your Car

Learn  the  secrets  of  professional  car  spray  painting  and  body  work  repair  in  2  hours.                             

Matlab Algorithmic Trading App

MATLAB  App  for  Advanced  Algorithmic  Trading  Strategies  Development  in  Minutes,  not  Months.                   

Training for rock climbing

A  proven  plan  to  help  you  become  a  better,  stronger  and  more  technical  rock  climber.                               

Solve Baby Sleep Problems

3  Tear-free  tips  to  help  your  Baby  Sleep  Through  the  Night.                                                                                 

Marathon training plan

The  100  Day  Marathon  Plan.  Helps  All-level-runners  Achieve  Their  Marathon  Goals.                                       


After a vast number of American businesses and multinationals expressed concern about the damage from the new tariffs and potential further escalation of the trade war, the chief US diplomat stressed that Washington strives to protect US workers and force China to play by its rules.

“We’re going to get an outcome which forces China to behave in a way that if you want to be a power – a global power transparency, rule of law, you don’t steal intellectual property – the fundamental principles of trade around the world: fairness, reciprocity,” Pompeo told Fox News on Sunday.

“Those are the things the American people are demanding and the American workers deserve,” he stressed, after the US Trade Representative (USTR) finalized a new round of tariff hikes on $ 200 billion in Chinese imports. Starting Monday night, a 10 percent tax on Chinese goods will be slapped on as they enter the country, before rising to 25 percent at the end of the year.

China tariffs hammer drops: Trump announces new duties on $ 200bn worth of Chinese goods

In a retaliatory response to the latest round of US protectionist measures, China said it would impose levies on $ 60 billion worth of US goods, effective September 24. Beijing also warned that foreign companies will bear the brunt of the trade conflict between the world’s two largest economies.

Read more

© Thomas Peter

“According to preliminary data, the [US] tariffs will affect consumer industry goods, as well as textile, medical and electromechanical goods. Half of the companies [affected by US tariffs] will be with foreign capital,” China’s Commerce Ministry spokesman Gao Feng noted Thursday, stressing that Beijing is looking into ways to protect Chinese and foreign companies during the crisis.

While the US tariffs so far have spared popular consumer products like phones and computers, other electronics, such as printed circuit boards, power assemblies and computer chips, will be impacted. Washington’s move will also affect everyday consumer goods such as air conditioners, shoes, fruit juice and kids’ goods, damaging US multinationals doing business in China.

Walmart, Sears, Petland, Dollar General and Target have already sent letters to US lawmakers strongly opposing the tariffs, stressing that import hikes will “penalize American families.” A coalition of roughly 300 retailers, including IKEA North American Services, Kohl’s, the Gap and Macy’s, have also noted that the looming trade war will impact their business. Over 6,000 letters against new tariffs were received by the US Trade Representative Robert Lighthizer leading up to the new round of tit-for-tat actions.

Despite the fears being voiced, on Friday Donald Trump threatened to impose even more levies on Chinese goods until the trade imbalance is fixed and until Chinese corporations stop ‘stealing’ American technology and intellectual property. Previously, the White House expressed its readiness to slap additional tariffs on around $ 267 billion of Chinese exports if Beijing doesn’t back down.

Amid the escalating tensions, China has reportedly cancelled a mid-level delegation visit to Washington next week, that was supposed to pave the way for further trade negotiations with President Xi’s envoy Liu He. Despite the worsening trade relations, further exacerbated by recent sanctions against China’s leading arms acquisition body over the purchase of Russian weapons, Pompeo believes that Washington will win the trade war.

“The trade war by China against the United States has been going on for years,” Pompeo said. “Here’s what’s different in this administration. To the extent one wants to call this a trade war, we are determined to win it.”

Think your friends would be interested? Share this story!

Let’s block ads! (Why?)

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.