Donald Trump: China hitched USD 500 bn 'piggy bank' ride

Donald Trump

China has taken out USD 500 billion and more a year from the US to rebuild itself, President Donald Trump said, as he referred to US as a the world's 'piggy bank,' and defended his controversial trade policies, including the latest move to slap duties on USD 200 billion worth of Chinese imports.

He said China rebuilt itself with the "tremendous amount" of money pouring out of the US. "Over the last number of years, China has taken out of this country USD 500 billion and more a year. That would go a long way for Poland, wouldn't it? You could rebuild your whole country. And that's what China did," he said while addressing a joint news conference with the visiting Polish President Andrzej Duda at the White House.

Trump said he keeps a close watch on trade deficits as it was "very important". Trump has repeatedly pointed to the large US trade deficit as one of the primary reasons his administration has embarked on trade fights with China, the European Union, Canada and Mexico.

"When a country has USD 375 billion in trade deficits, and then many billions of dollars in other liabilities of all different types, one has to do something about it," said the US President. Trump said the US has become a "piggy bank" to the world. "We have been ripped off by China. We've been ripped off by the European Union. We've been ripped off by everybody," he said.

Li appeals for global support
Amid the escalating trade war with US, Chinese Premier Li Keqiang on Wednesday appealed for global support for free trade, saying "unilateralism" does not offer solutions to trade disputes. Without directly referring to the ongoing tariff war, Li said solutions, "Need to be worked out through consultations...No unilateralism will offer a viable solution."

'Trump has an unusual penis'
Pornographic film star Stormy Daniels, in her tell-all memoir "Full Disclosure", has claimed that US President Donald Trump has "an unusual penis." She wrote, "I lay there, annoyed that I was getting f''''d by a guy with Yeti pubes and a dick like the mushroom character in Mario Kart."

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