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Trump Says Tariffs on China Aren't Increasing Domestic Prices

Published 08/13/2019, 09:12 AM
Updated 08/13/2019, 09:33 AM
Trump Says Tariffs on China Aren't Increasing Domestic Prices

(Bloomberg) -- President Donald Trump decried China’s “massive” intervention to suppress the yuan, portraying the U.S. as the beneficiary of his tariffs on Chinese imports and signalling the policy isn’t pushing up domestic prices.

“Through massive devaluation of their currency and pumping vast sums of money into their system, the tens of billions of dollars that the U.S. is receiving is a gift from China,” Trump said on Twitter Tuesday. “Prices not up, no inflation. Farmers getting more than China would be spending. Fake News won’t report!”

Latest comments

people just criticized Trump but without citingany basis. He said inflation has not increased, and counter to It?
go trump. buy gold and silver as long as he is in office. short equity on every rise but always cash out on dip cuz he will try to say something to pump it after after fall but down is the inevitable trend.
Just talked to farmer went to but some items prices were increased 30% made in China
Trump continues to live in his own little dream world so out of touch with reality.
He is making a new reality concerning China - and long overdue.  Don't you just long for Obama's 8 years of a US economy falling apart all the while fattening up China?
How?
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