'We're going to win!' Pompeo vows China trade war will last until Americans get what they 'deserve'
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."
The US is “making false accusations against many countries and regions, particularly China, intimidating other countries through economic measures such as imposing tariffs.”