Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Aug 05, 2019

Trump Says China Is Paying U.S. ‘Tens of Billions of Dollars’

(Bloomberg) --

President Donald Trump said “things are going along very well with China,” and repeated his contention that Beijing is paying the U.S. “Tens of Billions of Dollars” after successive rounds of import tariffs.

This was “made possible by Chinese government's monetary devaluations and their pumping in massive amounts of cash to keep their system going,” Trump said in a pair of tweets early Saturday.

The president also reiterated his view that the American consumer had “paid nothing” and suggested there had been “no inflation” as a result of the U.S. tariff regime.

In an earlier tweet, Trump wrote that countries were “coming to us wanting to negotiate REAL trade deals” and “don't want to be targeted for Tariffs by the U.S.”

To contact the reporter on this story: Daniel Zuidijk in London at dzuidijk@bloomberg.net

To contact the editors responsible for this story: Katerina Petroff at kpetroff@bloomberg.net, Ros Krasny

©2019 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search