Business

China ‘pouring money’ into economy to take care of US tariffs: Trump

PTI

China is “pouring money” into its economy to minimise the adverse impact of the massive American tariffs, US President Donald Trump has claimed, days after the world’s two largest economies agreed to re-launch the stalled negotiations to end the bruising trade war.

President Trump and his Chinese counterpart Xi Jinping, during a bilateral meeting at the G-20 Summit in Osaka, Japan, decided to hold off on imposing new tariffs on imports of each other’s goods and move forward with a new round of trade negotiations.