The United States has underestimated the Chinese people's will to fight a t...
SHANGHAI - The United States has underestimated the Chinese people’s will to fight a trade war and Beijing is prepared for a long economic battle, an influential Chinese Communist Party journal said on Sunday.
The editorial represented “a further mobilization of Chinese society” in the struggle against U.S. trade pressure, wrote Hu Xijin, editor-in-chief of the state-run Global Times newspaper, in a tweet. The United States kicked off a tariff battle with China in 2018, seeking sweeping structural changes from Beijing and alleging that the Chinese have engaged in intellectual property theft over many years, which China denies.
Qiushi said U.S. consumers and businesses had reaped huge benefits from trade with China and warned that trade frictions would inevitably have a serious negative impact on the U.S. economy.
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