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‘Easier & quicker’: Trump says tariffs are actually better than deal with China
Increased levies on Chinese goods would work faster and better than a traditional agreement so there is no need to speed up ongoing trade talks, US President Donald Trump said after slapping Beijing with additional duties.
The US’ decision to hike tariffs from 10 percent to 25 percent came into effect on Friday, as the final day of tough talks between the two countries to avert further trade war escalation takes place in Washington.
However, the US leader said that matters are good enough as they stand now and the deal can wait, as “massive payments go directly” to the US Treasury.
“Tariffs will bring in FAR MORE wealth to our country than even a phenomenal deal of the traditional kind. Also, much easier & quicker to do,” Trump wrote in one of his morning tweets on Friday.
Tariffs will bring in FAR MORE wealth to our Country than even a phenomenal deal of the traditional kind. Also, much easier & quicker to do. Our Farmers will do better, faster, and starving nations can now be helped. Waivers on some products will be granted, or go to new source!
— Donald J. Trump (@realDonaldTrump) May 10, 2019
....The process has begun to place additional Tariffs at 25% on the remaining 325 Billion Dollars. The U.S. only sells China approximately 100 Billion Dollars of goods & products, a very big imbalance. With the over 100 Billion Dollars in Tariffs that we take in, we will buy.....
— Donald J. Trump (@realDonaldTrump) May 10, 2019
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