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Bloomberg
President Donald Trump declared the US was “winning†the trade war a day after reaching a temporary truce with Chinese President Xi Jinping.
On a visit to South Korea following the Group of 20 summit in Japan, Trump said at a news conference that the Federal Reserve “has not been of help to us at all†in his trade spat with Beijing.
“Despite that, we’re winning, and we’re winning big because we have created an economy that is second to none,†he said. Trump said after the G-20 meeting that he would hold off indefinitely on tariffs planned for an additional $300 billion in Chinese imports while allowing US companies to continue to do some business with China’s Huawei Technologies Co., one of the country’s most prominent firms.
The move drew criticism back home, where many members of Congress agreed with the administration’s assessment that Huawei is a threat to national security and don’t want the company treated as a bargaining chip.