Trump praises US economy amid China spat, vows to back farmers

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China's shunning of US agricultural products further inflames an escalating dispute between the world's two largest economies that is dragging into a second year, rattling financial markets. FMTNews

US President Donald Trump said China’s Xi Jinping “acted responsibly” after seven weekends of demonstrations in Hong Kong

Trump, who said last week he would slap tariffs on a further US$300 billion in Chinese imports starting September 1, also sought to appease US farmers after China shut the door to American agricultural purchases and raised the spectre of additional tariffs on US farm products. Trump on Tuesday appeared unbowed, tweeting: “Massive amounts of money from China and other parts of the world are pouring into the United States for reasons of safety, investment, and interest rates! We are in a very strong position. Companies are also coming to the US in big numbers. A beautiful thing to watch!”

 

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