President Donald Trump pushed back at the Wall Street Journal, which ran an article saying the U.S. was under pressure to make a deal with China.
The Hill Dot Com says Treasury Secretary Steven Mnuchin recently invited Chinese officials to come to Washington for negotiations, which Beijing accepted.
The Wall Street Journal reported that the invite came about because of political pressure on Trump to at least ease up on trade fights ahead of the November midterms. Trump announced on Twitter that, “The Wall Street Journal has it wrong. We are under no pressure to make a deal with China. They are under pressure to make a deal with us. Our markets are surging, theirs are collapsing. We’ll soon be taking in billions in tariffs and making products at home. If we meet, we meet.”
While the U.S. economy is seeing faster economic growth and joblessness at near record-low levels, China’s economy is facing long-term questions, including a sharp drop in its currency value.
A new group called Americans for Free Trade launched an advertising campaign to fight back against Trump’s tariffs, saying they’re hurting the U.S. economy.
Source: National Association of Farm Broadcasting News Service.