Trump Remains Confident US Will Beat China

August 6, 2019 Share Print 0

President Donald Trump said Tuesday the U.S. is in a “very strong” economic position, and claimed that interest rates and investment opportunities are attracting “massive amounts of money from China.”

“Massive amounts of money from China and other parts of the world is pouring into the United States for reasons of safety, investment, and interest rates!” the president said on Twitter. “We are in a very strong position. Companies are also coming to the U.S. in big numbers. A beautiful thing to watch!”

The president’s comments came amid an intensifying trade war between the U.S. and China, with the White House announcing last week plans to slap additional 10% tariffs on $300 billion worth of Chinese imports.

That triggered a wave of retaliatory rhetoric and action from Beijing, which has asked its state-run companies to stop buying U.S. agricultural products.

Via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.