Trump Says Tariffs on China Aren’t Increasing Domestic Prices By Bloomberg

Trump Says Tariffs on China Aren't Increasing Domestic Prices By Bloomberg



(Bloomberg) — President Donald Trump decried China’s “massive” intervention to suppress the yuan, portraying the U.S. as the beneficiary of his tariffs on Chinese imports and signalling the policy isn’t pushing up domestic prices.

“Through massive devaluation of their currency and pumping vast sums of money into their system, the tens of billions of dollars that the U.S. is receiving is a gift from China,” Trump said on Twitter Tuesday. “Prices not up, no inflation. Farmers getting more than China would be spending. Fake News won’t report!”

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