President TrumpDonald TrumpBaldwin calls Trump criticism following 'Rust' shooting 'surreal' Haley hits the stump in South Carolina Mary Trump files to dismiss Trump's lawsuit over NYT tax story MORE on Wednesday dismissed “free and interesting" advice he says he is getting from critics of the ongoing trade war with China, claiming the unnamed detractors “have tried to handle it before and failed miserably” on the issue.
“So interesting to read and see all of the free and interesting advice I am getting on China, from people who have tried to handle it before and failed miserably - In fact, they got taken to the cleaners. We are doing very well with China. This has never happened to them before!” Trump tweeted.
So interesting to read and see all of the free and interesting advice I am getting on China, from people who have tried to handle it before and failed miserably - In fact, they got taken to the cleaners. We are doing very well with China. This has never happened to them before!— Donald J. Trump (@realDonaldTrump) August 28, 2019
The ongoing standoff between the world's top two economies has spurred anxiety about its potential effects on the U.S., particularly after the yield curve, a frequent historical predictor of recessions, inverted in recent weeks.
Trump administration officials have repeatedly dismissed warnings about a potential economic downturn.
The farming and agriculture industries in the U.S. have said they have particularly been hurt by tariffs placed on U.S. goods by China in retaliation to levies placed on Chinese goods.
The Iowa Corn Growers Association on Tuesday said a combination of climate change, the Trump administration’s issuance of 31 refinery waivers tied to ethanol and the administration’s trade war with China have put farmers in “one hell of a bad situation.”
“The government put us in this situation, and they need to help us get out of it,” Vic Miller, a corn farmer from Fayette County, said in a statement.
Trump's tweet was one of several the president sent Wednesday morning, with other topics including disparaging San Juan, Puerto Rico, Mayor Carmen Yulín Cruz as the island prepares for Tropical Storm Dorian and criticizing New York Times columnist Bret Stephens after he had a viral feud with a George Washington University professor.