Has The U.S. Already 'Lost The Trade War' Against China?

Newsy: Trump Says The US Has 'Already Lost The Trade War'

When asked about the tariff tensions currently brewing with China, the president said the U.S. has already lost that battle.

President Donald Trump had a radio interview with WABC Friday morning, and he doubled down on what he's recently said about tariffs and China.

"Well, fellas, we've already lost the trade war," Trump said. "We don't have a trade war."

When asked about the tensions over trade currently brewing with China, Trump said the U.S. had already lost.

"We've lost the trade war because for many years, whether it's Clinton or the Bushes, Obama, all of our presidents before, for some reason it just got worse and worse," Trump said.

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WNU Editor: When your number one economic competitor has trade surpluses with you in the hundreds of billions per year ... coupled with the transfer of millions of jobs and a good part of your manufacturing infrastructure .... the answer is yes .... you have already lost the trade war. The key now is to bring balance to this trade and investment. Unfortunately, the Chinese have shown no interest to change this status quo, and fro my vantage point are hoping that President Trump's opponents, the media, and business interests who prosper greatly from this imbalanced trade will .... in the end .... persevere.

More News On The U.S. - China Trade War

Trump predicts trade concessions from China despite rising tensions -- Reuters
Trump suggesting China will ‘take down’ its trade barriers -- AP
Amid trade fight, Trump says China will do the 'right thing' -- Washington Post
China-US trade talks hit dead end but ‘there’s still room to move’ -- SCMP
Tech sector frets as US-China trade tensions simmer -- AFP
China's state media urges U.S. industry to rally against Trump tariff threat -- Reuters
As trade dispute grows, China’s state media says Beijing should hit US so hard ‘it remembers the pain’ -- SCMP
'Never retreat': How Chinese media is talking about trade tensions -- Yahoo News
Xi Jinping to outline economic reforms amid trade tension -- Financial Times