Donald Trump downplays China tariff impact, says US kids may get ‘2 dolls instead of 30’
[ad_1] US President Donald Trump (Pic credit: AP) US President Donald Trump on Wednesday said that his tariff strategy might result in fewer and costlier products for American consumers, but the economic pain would hit China harder.Speaking to his Cabinet amid fresh signs of economic slowdown, Trump downplayed concerns that the US economy is heading toward a recession. "Maybe the children will have two dolls instead of 30 dolls," Trump said, referring to the potential impact of tariffs on consumer goods. "So maybe the two dolls will cost a couple bucks more than they would normally."His comments came just hours after the US commerce department reported that the economy shrank by 0.3 per cent in the first quarter of the year, the first contraction since the start of his second term. The decline was driven by a sharp surge in […]