Trump says ‘pain’ from China tariffs will make US ‘much stronger’
By John Bowden - 04/06/18 08:40 AM EDT
President Trump says in a new interview that tariffs targeting China over intellectual property theft could cause some "pain" in the U.S. economy, but promised that America would emerge stronger as a result.
"I'm not saying there's not gonna be any pain," Trump said Friday in an interview with "Bernie & Sid in the Morning" on 77 WABC in New York City.
He also acknowledged the initial reaction from markets is likely to be negative.
They “could lose a little bit," he said.
Dow Jones industrial average futures plummeted on Thursday after news broke that Trump has asked officials in the administration to prepare tariffs on another $100 billion of imports from China, escalating a fight with Beijing.
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http://thehill.com/policy/finance/381933-trump-says-pain-from-china-tariffs-will-make-us-much-stronger
