Trump Sees Gain in China Tariffs Despite Consumer Pain
- U.S. inaction would leave consumers worse off, official says
- Trump’s $200 billion round of China duties take effect Monday
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The Trump administration said it needs to confront China over its trading practices to defend U.S. long-term interests even as escalating tariffs cause discomfort for American consumers.
Inaction by the U.S. would leave the American economy and consumers worse off over the longer run, a senior administration official told reporters at a briefing on Friday, speaking on the condition of anonymity.