Trump Praises US Economy Amid China Spat, Vows to Back Farmers

FILE PHOTO: U.S. President Donald Trump and China's President Xi Jinping pose for a photo ahead of their bilateral meeting during the G20 leaders summit in Osaka, Japan, June 29, 2019. REUTERS/Kevin Lamarque/File Photo
FILE PHOTO: U.S. President Donald Trump and China's President Xi Jinping pose for a photo ahead of their bilateral meeting during the G20 leaders summit in Osaka, Japan, June 29, 2019. REUTERS/Kevin Lamarque/File Photo

U.S. President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China, saying the United States was “in a very strong position,” a day after his administration ratcheted up tensions by labeling Beijing a currency manipulator.

Trump, who said last week he would slap tariffs on a further $300 billion in Chinese imports starting Sept. 1, also sought to appease U.S. farmers after China shut the door to American agricultural purchases and raised the specter of additional tariffs on U.S. farm products.

The U.S. currency move on Monday further inflamed an escalating dispute between the world’s two largest economies that is dragging into a second year, rattling financial markets. Wall Street notched its worst day of 2019 on Monday.

Trump on Tuesday appeared unbowed, tweeting: “Massive amounts of money from China and other parts of the world is pouring into the United States for reasons of safety, investment, and interest rates! We are in a very strong position. Companies are also coming to the U.S. in big numbers. A beautiful thing to watch!”

The Republican president also said he would continue to back American farmers, who have seen his administration already offer a $16 billion aid package to recoup losses from the ongoing trade war.

“Our great American Farmers know that China will not be able to hurt them in that their President has stood with them and done what no other president would do – And I’ll do it again next year if necessary!” Trump wrote on Tuesday.

(Reporting by Susan Heavey; Editing by Bernadette Baum and Paul Simao)

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WellHungChad
Member

The General is the one who is confused as usual. The topic here is the strength of the US economy despite the on going trade disputes with China. They have much more to lose and they know it. We’ve subsidized our farmers many times before and it’s not an exclusive province of Republicans OR Democrats. I’d rather support our hard working farmers than the unemployed (mostly due their own lifetime of laziness and bad choices) losers in the inner cities that vote for their Democrat Santa Clause around election time (see my reference to “lifetimes of laziness and bad choices).

Sirvando Vargas
Member

Pres. TRUMP is right, foreign companies are pouring into the U.S. where , they know they’re money will be protected. Recent protests in Hong Kong only shows distrust in Bejing.

General Confusion
Member

““Our great American Farmers know that China will not be able to hurt them in that their President has stood with them and done what no other president would do – And I’ll do it again next year if necessary!” Trump wrote on Tuesday.” Article

The Great American Way: capitalize the gains, socialize the losses. This confuses Republicans, such as Confused James.

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