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Chinese state newspaper says Donald Trump’s claims of winning trade war are ‘wishful thinking’

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Shipping containers are seen on a cargo vessel at the Dachan Bay Terminals in Shenzhen, Guangdong province, China July 12, 2018. REUTERS/Stringer

A Chinese state newspaper on Tuesday described as “wishful thinking” U.S. President Donald Trump’s belief that a fall in Chinese stocks was a sign of his winning the trade war and an example of his “ability to elasticize the truth.”

The commentary in the official China Daily comes as rhetoric in state media, which is actively controlled by Beijing, has taken an increasingly aggressive stance against Trump, a shift from their previous approach, which mostly limited direct criticism to U.S. policies.

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On Monday, the Communist Party’s People’s Daily newspaper singled out Trump, saying he was starring in his own “street fighter-style deceitful drama of extortion and intimidation.”

China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, following a proposal by the administration of U.S. President Donald Trump for a higher 25 percent tariff on $200 billion worth of Chinese imports.

The paper referred to a Saturday Tweet by Trump which said “Tariffs are working far better than anyone anticipated. China market has dropped 27 percent in last four months.”

China’s stock market was performing poorly before the administration’s tariff attack, said the China Daily, and is due in part to Beijing’s attempts to cut corporate debt.

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The U.S. trade deficit climbed $3 billion to $46.3 billion in June, the first increase in four months, the U.S. Commerce Department said on Friday, undermining Trump’s claim that “tariffs are working big time” said the paper.

Trump has repeatedly criticized China for its trade deficit with the U.S., which he feels is a sign of unfair trade practices.

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Despite the tariffs, China’s exports are expected to have grown in July, according to a Reuters poll of economists.

Reporting by Engen Tham in Shanghai; Editing by Sam Holmes

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

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White nationalist Republican ridiculed after only 2 people show up for his town hall meeting

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Embattled Rep. Steve King (R-IA) suffered further humiliation on Saturday when only two people showed up for his town hall meeting with Iowa constituents.

King, who was stripped of all committee assignments for his white nationalism, was been an embarrassment for Republicans with his constant racism and misogyny.

A photo of the town hall meeting was posted on Twitter by Reuters photo editor Corinne Perkins.

https://twitter.com/corinne_perkins/status/1162806565109473280

Rep. King was quickly mocked in the comments.

Here's some of what people were saying:

https://twitter.com/sedespres/status/1162811223186006018

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2020 Election

Democrats could flip the Texas state house in 2020 — and reshape the national map

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Blue Texas? Democrats have long dreamt of winning Texas’s 38 electoral votes in the presidential election. That may still be a long shot, but a recent “Texodus” from Congress has given new talk to a political transformation across the Lone Star State that could have massive ramifications down the ballot and for decades to come.

This article was originally posted at Salon.

Four of the state’s GOP members of Congress have announced their retirements in recent weeks, an unusual torrent of departures signaling that a storm is coming. And evidence shows that it’s not just hitting Texas’s federal delegation. It’s coming to Austin, too.

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‘There’s an awful lot of really good Republicans out there’: Joe Biden at Cape Cod fundraiser

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Former Vice President Joe Biden defended Republican lawmakers in DC as "decent people" during a campaign fundraiser held at Cape Cod.

"There’s an awful lot of really good Republicans out there," Biden argued, according to Washington Post reporter Matt Viser.

"I get in trouble for saying that with Democrats, but...every time we ever got in trouble with our administration, remember who got sent up to Capitol Hill to fix it? Me," he said.

”Because they know I respect the other team. I do. They’re decent people," Biden claimed. "They ran because they care about things, but they’re intimidated right now.”

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