Economics
Trump Suggests Fed ‘Match’ China in Any Aid on Trade-War Impact
- China will be ‘pumping money’ to offset tariffs, Trump says
- Says in tweet it would be ‘game over’ if Fed matched stimulus
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President Donald Trump called on the Federal Reserve to “match” what he said China would do to offset economic hardship being caused by tariffs as he sought to draft the U.S. central bank into his simmering trade war.
“China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing,” the president said in a tweet Tuesday. “If the Federal Reserve ever did a ‘match,’ it would be game over, we win! In any event, China wants a deal!”