Chinese Regime Shocked by Tariff Increases; Chinese Netizens Celebrate

[TomSea]

Chinese Regime Shocked by Tariff Increases; Chinese Netizens Celebrate
Chinese stock markets take a pounding on Monday while official media try to keep silent the news of the tariff hikes
By Jennifer Zeng
May 6, 2019 Updated: May 6, 2019

Two tweets by President Donald Trump about raising tariffs on Chinese goods caused Chinese stock markets to tumble and media to speculate that the trade negotiations with China wouldn’t go forward.

And while Chinese official media have been silent on Trump’s decision to raise tariffs, Chinese netizens are celebrating and calling Trump the “Great Savior” of the Chinese people.

On the morning of May 5, Trump wrote in a tweet that he would raise tariffs on $200 billion of Chinese goods from 10 percent to 25 percent on May 10, and tax the currently untaxed $325 billion of Chinese goods at a rate of 25 percent “shortly.”

In a second tweet, Trump said: “The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!”

Read more at: https://www.theepochtimes.com/chinese-regime-shocked-by-tariff-increases-chinese-netizens-celebrate_2909515.html