- “No More Turning The Other Cheek”: Chinese President Vows He’ll Strike Back At The U.S.
by Tyler Durden, https://www.zerohedge.com/
… With the market tumbling today on worries that the tit-for-tat trade war escalation between the US and China is now “irreversible“, the WSJ just poured gas on the fire with a report that China President Xi Jinping is responding to the Trump administration’s trade-clash escalations “with a bare-knuckle approach that makes a bruising fight more likely.”
Citing people who were present at a meeting last Thursday between Xi and a group of 20 mostly American and European multinational chief executives, the WSJ reports that Chinese president said that Beijing plans to strike back.
“In the West you have the notion that if somebody hits you on the left cheek, you turn the other cheek,” the Chinese leader said, according to the people. “In our culture we punch back.”