Trump Tweets
China’s 2nd Quarter growth is the slowest it has been in more than 27 years. The United States Tariffs are having a major effect on companies wanting to leave China for non-tariffed countries. Thousands of companies are leaving. This is why China wants to make a deal....
....with the U.S., and wishes it had not broken the original deal in the first place. In the meantime, we are receiving Billions of Dollars in Tariffs from China, with possibly much more to come. These Tariffs are paid for by China devaluing & pumping, not by the U.S. taxpayer!
Ah, from one of my industry comics:
https://www.electronicsweekly.com/news/business/652567-2019-07/
Chinese exports of tariff-hit goods to the US dropped 14% or $18 billion – representing 3% of China’s total annual shipments to the U.S.
American exports of tariff-hit goods to China dropped 38%, or $23 billion – representing 15% of America’s annual exports to China.
The article also points out that the Chinese tariffs targeted goods that China could easily obtain from other countries.