Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Trump acknowledges China policies may mean US economic pain

 

August 21, 2019

Doug Mills – New York Times

President Donald Trump speaking to reporters while meeting with President Klaus Iohannis of Romania in the Oval Office of the White House, in Washington, Aug. 20, 2019. Trump on Tuesday confirmed that he is considering "various tax reductions," including a payroll tax cut, to stimulate the economy as many of the indicators his administration has used to showcase a Trump-fueled economic "boom" have fizzled on the back of the president's escalating trade fights. (Doug Mills/The New York Times)

WASHINGTON - President Donald Trump acknowledged Tuesday his aggressive China trade policies may mean economic pain for Americans but insisted they're needed for more important long-term benefits. He contended he does not fear a recession but is nonetheless considering new tax cuts to promote growth.

Asked if his trade war with China could tip the country into recession, Trump brushed off the idea as "irrelevant" and said it was imperative to "take China on."

http://www.startribune.com/trump-says-lower-interest-rates-key-to-economy/556988172/

 

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