Trump: Imposing tariffs on China has saved the US from massive trade losses

Trump explained the reasons for imposing tariffs on China on an NBC program:

"When we trade with China, we lose thousands of billions of dollars every year. Now we have actually suspended business dealings with China, saving this huge amount of money. It's simple."

Trump said: "By imposing such high tariffs, we have essentially cut off trade relations. That's fine. We just cut it off. This means we are no longer suffering losses."

This is indeed ridiculous.

Original article: https://www.toutiao.com/article/1831228236731529/

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