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Trump Says US 'Wants To Help China, Not Hurt It', Days After Tariff Threat

President Donald Trump said Sunday the United States wants to help China, not hurt it, striking a conciliatory tone days after threatening an additional 100 per cent tariff on the world's second-largest economy. Trump's statements on Friday as well as his threat to cancel a meeting with Xi later this month sent Wall Street stocks tumbling into negative territory as traders worried the trade war between Washington and Beijing could reignite. "The USA wants to help China, not hurt it!!!" Trump said in Sunday's post on Truth Social, adding that "respected President Xi (Jinping)... doesn't want Depression for his country." Trump on Friday said that he would impose the extra levies from November 1 in response to what he called "extraordinarily aggressive" new Chinese export curbs on the rare-earths industry. Beijing, in turn, accused Washington of acting unfairly, with its Ministry of Commerce on Sunday calling Trump's tariff threat a ...
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Tomorrow, PM Modi's Big Chance to Woo Voters Before Polls

Fiscal deficit is forecast to widen to 3.5 per cent of the gross domestic product in the year to March, and reach 3.3 per cent in the next financial year, according to the median estimate in a...

from NDTV News - Special http://bit.ly/2MFuOUR
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