The president and Terry Moran when talking about the import tax, with Moran arguing the tariff is going to “raise prices on everything from electronics, to clothing, to building houses.”
“You don’t know that, you don’t know whether or not China’s going to eat it,”
“That’s mathematics,” Moran said.
“China probably will eat those tariffs,” Trump replied. “But at 145, they basically can’t do much business with the United States. And, they were making from us a trillion dollars a year, they were ripping us off like nobody’s ever ripped us off.”
“They make up bargaining chips out of thin air, bully and go back on their words,” Zhao Chenxin, deputy director of China’s economic agency.
Zhao added that the method “makes everyone see one thing more and more clearly, that is the so-called ‘reciprocal tariffs’ severely go against historical trends and economic laws, impact international trade rules and order and seriously impair the legitimate rights and interests of countries.”
“You don’t know that, you don’t know whether or not China’s going to eat it,”
“That’s mathematics,” Moran said.
“China probably will eat those tariffs,” Trump replied. “But at 145, they basically can’t do much business with the United States. And, they were making from us a trillion dollars a year, they were ripping us off like nobody’s ever ripped us off.”
“They make up bargaining chips out of thin air, bully and go back on their words,” Zhao Chenxin, deputy director of China’s economic agency.
Zhao added that the method “makes everyone see one thing more and more clearly, that is the so-called ‘reciprocal tariffs’ severely go against historical trends and economic laws, impact international trade rules and order and seriously impair the legitimate rights and interests of countries.”
9 days ago
