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Home / Business / Donald Trump Resurrects Lie that China pays its rates

Donald Trump Resurrects Lie that China pays its rates



President Donald Trump praised Sunday that the US is "winning" trade war with China – and revived its lie that China is paying the tariffs it has imposed on imported Chinese products.

"We win and we are winning big because we have created an economy that is second to none," he said at a press conference in South Korea. The previous day, he said that trade negotiations with China were on hold when he agreed to suspend his threatened new round of 25% tariffs of $ 300 billion in Chinese imports indefinitely. He also said that US companies could continue to do something about China Huawei Technologies.

Trump also insisted Sunday: "We are [currently] gathering 25 percent at $ 250 billion, and China is paying for it, as you know, because you haven't seen inflation rise." [1

9659002] In fact, tariffs on Chinese products are paid by US companies that import the goods and are usually transferred to consumers. Although Chinese companies can lower their selling prices to remain competitive in America, they pay nothing to the US Treasury. Economists have estimated that commercial war costs US companies and consumers over $ 3 billion a month.

But Trump told Fox Business Network: "Don't let anyone tell you we're paying. We don't pay. China pays for it."

The Associated Press announced in a troubleshooting report that comment: "The Americans pay for it."

The rest of any event may have been discussed by Trump and China's President Xi Jinping remains unclear. Trump insisted that China promised to buy "huge quantities" of agricultural products from American farmers. "We will give them a list of things we want them to buy," he said. But Chinese state media reported that Trump hopes China will import more US goods as part of the war trade, Bloomberg reported.

When Trump suspended threatened tariffs against Mexico earlier this month, he also said the nation had promised to buy "large quantities" of agricultural products from the United States. But neither Mexican nor American officials said they were aware of any such agreement. The president has not referred to it since.