Trump says tariffs are a gift from China

News

Trump is tweeting

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. Prices not up, no inflation. Farmers getting more than China would be spending. Fake News won’t report!

Inflation data today showed US prices up just 1.8% y/y and 2.2% excluding food and energy.

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