China Condemns US Vice President’s "Ignorant and Impolite" Comments
China-US Trade Tensions Escalate
BEIJING: China on Tuesday condemned US Vice President JD Vance as “ignorant and impolite”, after he referred to Washington borrowing money from “Chinese peasants”.
China’s Reaction
“China’s position on China-US economic and trade relations has been made very clear,” foreign ministry spokesman Lin Jian said. “It is surprising and sad to hear such ignorant and impolite words from this vice president,” he added.
US Trade Policy Under Fire
US President Donald Trump has upended the world economy with sweeping tariffs that have raised the spectre of an international recession, but has ruled out any pause in his aggressive trade policy despite a dramatic market sell-off.
Vice President’s Comments
Speaking to Fox News on Thursday, Vance defended those tariffs as an antidote to a “globalist economy” he said had not worked for ordinary Americans. “We borrow money from Chinese peasants to buy the things those Chinese peasants manufacture,” the vice president said. “That is not a recipe for economic prosperity. It’s not a recipe for low prices, and it’s not a recipe for good jobs in the United States of America,” he said.
Trump’s Tariff Plan
Trump believes the tariffs will revive America’s lost manufacturing base by forcing foreign companies to relocate to the United States, rather than making goods abroad. But most economists question that and say his tariffs are arbitrary.
Global Economic Impact
The ongoing trade tensions between the US and China have far-reaching consequences for the global economy. The tariffs imposed by the US have led to retaliatory measures from China, causing a significant decline in international trade.
Conclusion
The situation highlights the growing tensions between the two economic superpowers, with each side refusing to back down. The consequences of this trade war are not only limited to the US and China, but have a ripple effect on the global economy. It is crucial for both countries to find a mutually beneficial solution to avoid a global recession.
FAQs
Q: What did US Vice President JD Vance say about China?
A: He referred to Washington borrowing money from “Chinese peasants” to buy goods manufactured in China.
Q: How did China react to Vance’s comments?
A: China condemned the comments as “ignorant and impolite” and reaffirmed its position on China-US economic and trade relations.
Q: What is the current state of China-US trade relations?
A: The relationship is strained due to the ongoing trade tensions and tariffs imposed by both countries.
Q: What are the consequences of the trade war for the global economy?
A: The tariffs have led to a decline in international trade, raising concerns of a global recession.