Trump tweets during his visit to the UK
The tweet reads:
“China is subsidizing its product in order that it can continue to be sold in the USA. Many firms are leaving China for other countries, including the United States, in order to avoid paying the Tariffs. No visible increase in costs or inflation, but U.S. is taking Billions!”
He’s playing down the effects of its tariffs with the final sentence on costs and inflation but it’d be imprudent to assume that they won’t have any side or spillover effects on the US economy. From his tone, he’s continuing to paint a picture that the Chinese camp is the losing side in all of this but they’re still standing firm that it’s not an issue. Stalemate…