(Mallory Shelbourne – The Hill)
President Trump on Monday slammed China’s trade practices as “stupid” rather than free and fair.
“When a car is sent to the United States from China, there is a Tariff to be paid of 2 1/2%. When a car is sent to China from the United States, there is a Tariff to be paid of 25%,” the president wrote on Twitter.
“Does that sound like free or fair trade. No, it sounds like STUPID TRADE — going on for years!”
Washington and Beijing have exchanged tariff threats in recent weeks. Click here to read more.
- How Trumpworld is Winging a Trade War (Axios)
- Trump’s Tariff Threats Are Not a ‘Negotiating Tactic’ With China: Navarro (NBC News)
- Larry Kudlow on Rising Trade Tensions With China (Fox News)
- China Blames U.S For Trade Frictions, Says Negotiations Currently Impossible (Reuters)