President Donald Trump has claimed the US is winning the worsening trade war with China and that his tariffs on imports will help reduce the US national debt, firing back a day after Beijing threatened retaliatory tariffs on $60bn of imports from the US.
“Tariffs are working big time,” Mr Trump wrote on Twitter on Sunday. The day before he had said China was “doing poorly against us” and tariffs “are really hurting their economy”.
The president also compared the fall in China’s stock market to the US’s recent strong performance, arguing that trade tariffs imposed by his administration had led to steel plants reopening across the US.
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