In a series of tweets today, Trump indicates he’s now in no rush to seal the trade deal with China, given that new tariffs are already in plan. Trump said “Talks with China continue in a very congenial manner – there is absolutely no need to rush – as Tariffs are NOW being paid” going “directly to the Treasury”.
And, additionally Trump said with over USD 100B in tariffs, “we will buy agricultural products from our Great Farmers, in larger amounts than China ever did, and ship it to poor & starving countries in the form of humanitarian assistance.”
Also, “If we bought 15 Billion Dollars of Agriculture from our Farmers, far more than China buys now, we would have more than 85 Billion Dollars left over for new Infrastructure, Healthcare, or anything else. China would greatly slow down, and we would automatically speed up!”
It actually sounds a bit like a mix of state capitalism and socialism.
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