On Friday, US President Donald Trump lashed out at China saying that if the latter is considered a developing country, then the United States is also a developing one. He alleged that Beijing has taken advantage of his country.
In response to a reporters question at his daily White House news conference, the US president said, “China has been unbelievably taken advantage of us and other countries. You know, for instance, they are considered a developing nation. I said well then make us a developing nation too."
“They get big advantages because they are a developing nation. India, a developing nation. The United States is the big developed nation. Well, we have plenty of development to do,” he said.
Trump said that the Chinese economy started booming only when it became a part of the World Trade Organization, adding that the United States was taken advantage of by the WTO.
“If you look at the history of China, it was only since they went into the WTO that they became a rocket ship with their economy. They were flatlined for years and years,” he said.
“Frankly, for many, many decades. And it was only when they came into the WTO that they became a rocket ship because they took advantage of all -- I’m not even blaming them. I’m saying how stupid were the people that stood here and allowed it to happen,” he said.
He alleged that China has been taking advantage of the United States for 30 years through the World Trade Organization and using rules that are unfair to the States.
“They should have never been allowed it, this should have never been allowed to happen”, he added.
“When China joined and was allowed to join under those circumstances the WTO, that was a very bad day for the United States because they have rules and regulations that were far different and far easier than our rules and regulations,” he said.
China has "ripped off," the US all these years said Donald Trump, adding that the US is now gaining “billions and billions and billions of dollars in tariffs from China” since he came along.