US Pres. Trump: We are now a much bigger economy than China

Eren Sengezer FXStreet

U.S. President Trump, as usual, is delivering his daily comments on the impact of the tariffs they are imposing on Chinese imports in a series of tweets.

"China buys much less from us than we buy from them, by almost 500 billion dollars, so we are in a fantastic position. Make your product at home in the USA and there is no tariff," Trump said.

"Many companies are leaving China so that they will be more competitive for USA buyers. We are now a much bigger economy than China, and have substantially increased in size since the great 2016 Election. We are the “piggy bank” that everyone wants to raid and take advantage of. No more!

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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