Wilbur Ross: Trade War Is Hurting China More Than US | WHAT REALLY HAPPENED


Wilbur Ross: Trade War Is Hurting China More Than US

Contrary to claims made Monday by the pro-Communist Global Times, Commerce Secretary Wilbur Ross said Monday during an interview on CNBC that President Trump's trade war is hurting China more than it is hurting the US - implying that Beijing will relent and strike a trade deal with the US.

Ross claimed that US tariffs are impairing China's ability to "create jobs" and "stave off social unrest." Because China exports far more to the US than the US does to China, Beijing is facing a "binary decision", and it's finding out just how much it depends on the US.

Webmaster's Commentary: 

I wouldn't look for that "relenting" any time soon; this is a question of "face", and of national pride on the part of China's President, Xi Jinping .

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