Trump afraid of losing the election because of China's interference
Donald Trump accused China of interfering in the midterm elections in the US Congress by pressure on American farmers.
The story of interference in the elections in the US continues. This time it is not Russia. And in the role of a victim, not the Democrats and Hillary Clinton, but Donald Trump, position themselves. The American president accused China of trying to influence the midterm elections in the US Congress. But not by the hands of hackers, as it was in the history of Russia, but through trade duties.
China has openly stated that they are actively trying to impact and change our election by attacking our farmers, ranchers and industrial workers because of their loyalty to me. What China does not understand is that these people are great patriots and fully understand that.....
- posted Trump in his Twitter.
The owner of the "Oval Office" has in mind that China restricts the import of agricultural products from the United States, in particular - soy. And this can cause dissatisfaction among American farmers who will accuse Trump of losing their money because of the trade war unleashed by him.
In another publication, the head of the White House accused Beijing of trying to gain an advantage in trade. But Trump promises to put an end to this and threatens with "economic retaliation" if American industrialists and agrarians suffer:
.....China has been taking advantage of the United States on Trade for many years. They also know that I am the one that knows how to stop it. There will be great and fast economic retaliation against China if our farmers, ranchers and/or industrial workers are targeted!
That is, it turns out that the United States will unilaterally introduce new trade duties against China, and the Chinese should endure. And for every Chinese response, Trump is going to react asymmetrically.
After a series of tariffs on September 17, Trump approved unprecedented measures. 10 percent duty on Chinese goods worth $ 200 billion. This is slightly less than half of China's total exports to the US amounting to $ 480 billion.
Beijing responded more modestly, with tariffs against US imports of only $ 60 billion. But taking into account lower exports of the US to China - $ 170 billion, the reaction of the Chinese government is quite commensurate. In addition, recently the Chinese reduced their investments in the US public debt by 7 billion.
However, these are rather preventive measures of financial pressure, given that China's aggregate share of US treasury securities is about a trillion dollars.
Using the argument "interference in elections", Trump, in addition to the economic, receives a political justification for the "trade war" with China. And the goal remains unchanged - the elimination of a huge trade deficit with China, equal to $ 300 billion. This is slightly less than Russia's total exports.
Chinese influence worries the White House not only in the economic and political field, but also in the information field. Yesterday, the leading Chinese news agencies Xinhua News Agency and China Global Television Network were registered by the US Justice Department as "foreign agents".