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8/15, 12:44 AM (Source: TeleTrader)
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Trump: China eating tariffs with devaluation of currency

United States President Donald Trump said that trade war is taking its toll on China, while the American consumer is "fine" with or without the delay of tariffs on certain Chinese goods.

"Good things were stated on the call with China the other day. They are eating the Tariffs with the devaluation of their currency and “pouring” money into their system. The American consumer is fine with or without the September date, but much good will come from the short deferral to December. It actually helps China more than us, but will be reciprocated. Millions of jobs are being lost in China to other non-Tariffed countries. Thousands of companies are leaving. Of course China wants to make a deal. Let them work humanely with Hong Kong first!" Trump tweeted.

Breaking the News / KP