President let fly a jaw-dropping lie in a chatty interview with Monday, saying that because of his get-tough trade war with , the Asian nation’s economy has lost since the day I was elected.”
The Chinese economy is worth an (it was , according to the World Bank). To wipe out 150% of China’s would erase the country from the world economy and would be pretty ― incredible.
Contrary to Trump’s whopper, the Chinese economy has continued to .
The Trump trade war is hurting the Chinese economy, because tariffs make Chinese products more costly and less competitive in the American market. But because U.S. companies and consumers pay the cost of tariffs on imported goods, the trade