(VOVWORLD) - US President Donald Trump on Saturday defends his hardline trade policy against China, saying the tariffs on Chinese goods earn the US billions of USD.
Trump twitted that things are going along very well with China. He said China is paying the US tens of billions of dollars, which made possible by China’s monetary devaluations and pumping in massive amounts of cash to keep its system going. President Trump said many countries are wishing to have trade deals with the US.
Mr. Trump decided last Thursday to slap 10% tariffs on another 300 billion USD in Chinese imports, stunning financial markets and ending a month-long trade truce.