Trump said on Twitter on Friday that the U.S. will use the money collected from tariffs to buy American agricultural products “in larger amounts than China ever did” and send it to “poor & starving countries” for humanitarian aid. The president indicated potential purchases of $15 billion from farmers.
Meanwhile, China is responding by CAPITALISM. With over a billion people and a middle class now as large or larger than that in the US, Chinese Premier Li Keqiang on Friday called for more efforts to implement tax and fee cuts in a bid to let domestic markets expand. Besides tax and fee-reduction policies, China plans to unveil more measures to deepen reform and opening-up, encourage entrepreneurship and innovation as well as foster fair competition to withstand economic hardship amid downward pressure, China is already expanding its trade outside the US .. from Canada to Mongolic, from Germany to Saudi Arabia, China, Inc. looks becoming the #1 world brand!