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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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“Just before Covid, we had the most inclusive economy in my lifetime. The lowest unemployment ever recorded for African Americans, Hispanics, and Asian-Americans. The lowest for women in nearly 70 years. Wages were growing faster for the bottom 25% than the top 25%.


By BY JEANNA SMIALEK from NYT U.S. https://ift.tt/3eBzdqg
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