Trump claims China tariffs help US, trade talks 'congenial'
WASHINGTON (AP) - President Donald Trump says trade talks between China and the U.S. are continuing in a "very congenial manner" despite new tariffs the U.S. imposed Friday on $200 billion in Chinese imports.
Trump tweeted Friday that the increased tariffs will bring "FAR MORE wealth" to the United States, although a study by the Federal Reserve Bank of New York and Columbia and Princeton universities says the burden of tariffs falls on U.S. consumers and businesses that buy imports.
Some lawmakers have recently expressed concern about the effect of the tariffs on farmers. Trump suggested on Twitter Friday that money from the additional tariffs would allow the U.S. to buy more agricultural goods from U.S. farmers and ship it to "poor & starving" countries.
Talks between the U.S. and China continue Friday.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Southeastern regains sole possession of first place in Southland standings with win...
Max Johnson in the mix for LSU starting quarterback job
Coach O admits to mistakes, takes steps to correct them in the...
Saints QB Jameis Winston gets emotional discussing Drew Brees
Southern football on the road to play Texas Southern