US President Donald Trump made sharp remarks against China
Washington, DC: As the US imposed retaliatory tariffs in an attempt to close trade imbalances with a number of nations, US President Donald Trump made scathing statements about China. The stock markets have also been affected by this. “We have a tremendous deficit problem with China,” Trump said while speaking aboard US Air Force One.
China is now suffering greatly as a result of the US’s tariffs, he said, since “everyone knows we’re (the US) right… we’re talking about a trillion dollars.” I assume you are aware of it. The right of purchasing pencils from China won’t cost us a trillion dollars.
Trump went on to discuss the impact of the tariffs on the stock market, saying, “What’s going to happen with the market with the tariffs that I’ve already imposed… I can assure you that, over time, our nation has become much stronger. It will be a unique nation. It will be the world’s most economically powerful nation.
When questioned about the stock market’s carnage, Trump said, “I don’t want anything to go down, but sometimes you have to take medicine to fix something.”
“We have been treated so badly by other countries because we had stupid leadership that allowed this to happen,” he said, criticizing former US President Joe Biden. They stole our companies, our money, and our jobs, and they relocated a large portion of it to China, Mexico, and Canada. This is not sustainable. We will not do that at this time. Hundreds of millions of dollars are coming into our nation every month. Trump said in his speech that “it’s pouring, it’s already started, because they put tariffs on, so eventually it’s going to straighten out, and our country will be solid and strong again.”
Following US President Donald Trump’s announcement of a fresh wave of tariffs, Asian financial markets saw a significant sell-off on Monday. As concerns about the effects of the tariffs on international commerce and economic expansion grew, the markets began with strong selling pressure.
