China is pushing back Tuesday after Vice President JD Vance told Fox News last week that the U.S. borrows ‘money from Chinese peasants to buy the things those Chinese peasants manufacture.’ <\/p>\n
Vance, during an interview with ‘Fox & Friends,’ made the remark while speaking about the effects of the Trump administration\u2019s tariffs. <\/p>\n
‘I think it’s useful for all of us to step back and ask us, ask ourselves, what is the globalist economy gotten the United States of America? And the answer is fundamentally, it’s based on two principles — incurring a huge amount of debt to buy things that other countries make for us, and to make it a little bit more crystal clear, we borrow money from Chinese peasants to buy the things those Chinese peasants manufacture,’ Vance said. <\/p>\n
When asked about Vance\u2019s comments on Tuesday, Chinese Foreign Ministry Spokesperson Lin Jian said, ‘To hear words that lack knowledge and respect like those uttered by this Vice President is both surprising and kind of lamentable. <\/p>\n<\/p>\n
‘China has made its position perfectly clear on its trade relations with the U.S.,’ he added. <\/p>\n
The White House did not immediately respond to a request for comment from Fox News Digital. <\/p>\n
China\u2019s criticism of Vance on Tuesday comes as the U.S. and China are involved in an escalating dispute over tariffs. <\/p>\n<\/p>\n
‘Remember the during the first Trump administration, everybody said that Trump’s tariffs were going to be inflationary back then. What actually happened — we had 1.5% inflation, we had the fastest growing economy in a generation. And we had the beginning of a manufacturing renaissance in the United States of America,’ Vance told Fox News. ‘Then, of course, we had four terrible years of the Biden administration.’ <\/p>\n
‘We’ve seen closing factories. We’ve seen rising inflation. We’ve seen the cost of housing so high that most Americans can’t afford to buy a home right now,’ he also said. ‘President Trump is taking this economy in a different direction. He ran on that. He promised it. And now he’s delivering.’ <\/p>\n<\/p>\n
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