Tariffs on China did not affect American economy - Trump

Date: 14/08/2019     Time: 9:33 PM

US President Donald Trump on Wednesday said that his administration's tariffs on China had not adversely affected the American economy or consumer, but had led to massive amounts of cash flowing into the US. "So far, there has been a USD 300 billion tariff on Chinese products, but you can't say that has hurt our economy," said Trump on his official Twitter account. "It really did not result in any kind of serious price hikes at the consumer level," he added. On Tuesday, Trump announced that the start of the latest tariffs on China had been postponed until December this year, noting that he had received very good and fruitful contact from the Chinese on trade talks between the two sides.