Trump calls China trade tensions a ‘little squabble’

WASHINGTON – President Trump needled China throughout the ongoing trade battle, labeling it a “little squabble.”

But he acknowledged the US was in a larger place to prevail throughout the tiff over tariffs.

“Our economy is fantastic. Theirs is not so good,” Trump acknowledged on the White House Tuesday sooner than departing on a journey to Louisiana.

“We’ve gone up trillions and trillions of dollars since the election. They’ve gone way down since my election. I think it’s going to turn out extremely well, we’re in a very strong position,” Trump added of the trade talks which have hit bumps in newest days.

Those hiccups introduced concerning the stock market to plummet on Monday, solely to rebound Tuesday after the U.S. president sounded further optimistic about a large-scale trade deal.

On Monday night on the White House, Trump gave a shout-out to Treasury Secretary Steven Mnuchin. “He just got back from China. We’ll let you know in about three or four weeks whether or not if was successful,” the president acknowledged. “But I have a feeling it’s going to be very successful.”

The Chinese delegation had visited the U.S. ultimate week, nonetheless left Washington with out a deal. Prior to that, the Chinese had tried to renegotiate parts of the deal, irritating Trump.

But Trump on Tuesday rejected the idea the trade talks had “collapsed.”

“We had a deal that that was very close and then they broke it,” he acknowledged.

“We’re having a little squabble with China,” was how the president described the drama Tuesday.

The president acknowledged he wasn’t shocked by China’s decision to retaliate with a tariff improve after the U.S. threatened to take motion first. The exact course of for model spanking new tariffs to be put in place may take a handful of months, monetary adviser Larry Kudlow acknowledged Sunday.

“We’re looking at it very strongly,” the president answered when requested if further tariffs is likely to be on the desk.

The president moreover argued, counter to what many economists say, that Americans wouldn’t be hurt by his tariffs.

“You have no tariffs to pay whatsoever if you’re a citizen, all you have to do is build or make your products in the United States, there’s no tariff whatsoever,” Trump acknowledged. “So that really works out very well.”

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