According to the US Secretary Mike Pompeo, America will soon defeat China in the trade war. He is referring to the United States plans to return all lost income due to ‘intellectual property theft.’
Mr Pompeo also stated that Xi Jinping was ‘very impressed’ by Trump, nevertheless, the President intends to ‘return what American workers are entitled to’.
From September 29th, tariffs for Chinese goods imported into the United States with a value of over USD $200 billion will come into effect. China in its turn, also imposed tariffs on exports from the United States thereby resulting in USD $50 billion dollar losses for the American economy.