Trump defends his stance on new China tariff



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Trump defends his stance on new China tariff

Despite a swath of combat of quotes underway following United States’ new China tariff on all of remaining imports worth of $300 billion, US President Donald Trump said in a tweet on Saturday, the 3rd of August 2019, that, things were going well with China claiming US consumer would not be a subject to import taxes that he had inclined on Chinese goods, though a perspicacious bunch of economists and analysts all over United States had been quoted saying that the American citizens would have to cover up additional bills for Trump’s erratic tariff hike on last Thursday (August 1st).

Adding that Beijing was paying off the additional tariffs by instrumenting a flurry of FX rigging equipment, Trump said on Twitter on Saturday (August 1st), “Things are going along very well with China. They are paying us Tens of Billions of Dollars, made possible by their monetary devaluations and pumping in massive amounts of cash to keep their system going.

So far, our consumer is paying nothing - and no inflation. No help from Fed! That countries are asking to negotiate ‘REAL trade deals.’ They don’t want to be targeted for Tariffs by the U.S. ” In point of fact, Trump’s latest comment came forth after Beijing had expressed strong intent to retaliate yesterday (August 2nd) adding that China could not be blackmailed.