Donald Trump called on the Federal Reserve to help win the trade war with China, saying victory would be inevitable if the US central bank matched stimulus moves in Beijing.
“China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing,” the US president said in a tweet on Tuesday. “If the Federal Reserve ever did a ‘match’, it would be game over, we win! In any event, China wants a deal!”
Speaking to reporters later on Tuesday, Mr Trump said the US economy was doing well “by every measure” and described the tussle with China over trade as “a little squabble”. Tensions with Beijing stemmed from its unfair treatment of the US, he argued, predicting the situation would turn out extremely well. “We’re in a very strong position,” said the president.