Trump praised the impact of tariffs on China’s economy

Трамп оценил влияние пошлин на экономику Китая

The American President expressed the satisfaction of knowing what effect have the trade duties against China.

US President, Donald trump declared that imposed on China trade tariffs work better than anyone could have imagined.

“Rates are much better than anyone was expecting. The Chinese market fell 27% in the last 4 months and they are negotiating with us. Our market is stronger than ever, and will effectively grow after these horrible trade deals will be successfully revised. America in the first place!” – wrote the leader of the United States on Twitter.

Trump also noted that fees have shown a good effect on the American steel industry.

“China, which for the first time to cope badly with us, spends a fortune on advertising and PR trying to convince and intimidate our politicians to join with me in fighting about taxes – because they really damage their economy. Similar to other countries. We win, we must be strong!” he said.

Tariffs are working far better than anyone ever anticipated. China market has dropped 27% in the last 4months, and they are talking to us. Our market is stronger than ever, and will go up dramatically when these horrible Trade Deals are successfully renegotiated. America First…….

— Donald J. Trump (@realDonaldTrump) August 4, 2018

We will remind, in July the United States established a duty of 25% on the total amount of 50 billion dollars on imports of certain Chinese goods. Later, China imposed retaliatory measures by raising tariffs on American goods 659 to 25%.

In this regard, China initiated proceedings in the world trade organization. And trump has threatened to impose duties on the import of all Chinese goods if necessary.

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