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Trump Defends Stance on China Trade After New Tariffs

Reuters

   WASHINGTON - U.S. President Donald Trump said on Saturday that things
   are going well with China, insisting U.S. consumers are not paying for
   import taxes he has imposed on goods from that country although
   economists say Americans are footing the bill.

   "Things are going along very well with China. They are paying us Tens
   of Billions of Dollars, made possible by their monetary devaluations
   and pumping in massive amounts of cash to
   keep their system going. So far our consumer is paying nothing - and no
   inflation. No help from Fed!" Trump said on Twitter.

   He also said - without presenting evidence - that countries are asking
   to negotiate "REAL trade deals," saying on Twitter, "They don't want to
   be targeted for Tariffs by the U.S."
   

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