Senator Wyden Denounces President Trump's Tweets Over China Tariffs
President Trump’s latest salvo of tweets on China’s retaliatory tariffs isn’t making the markets any more stable, says Oregon Senator Ron Wyden.
The Democrat says Trump should put down the smart phone and enact “smart policy” with Congress, then work with other nations to address China’s actions.
“That would be the best first step given this flawed policy that has become almost incoherent," Wyden tells KLCC. One day we have tariffs, the next day we take them off.
"What I can tell you is that it’s taken a great toll in Oregon, particularly for our exporters, because there’s no certainly and no predictability.”
Prior to the market open, China declared new tariffs that would affect $75 billion worth of American goods.
President Trump tweeted “We don’t need China.” He even suggested the Dow’s drop of 573 points was because Massachusetts Representative Seth Moulton bowed out of the 2020 presidential race.
Copyright 2019, KLCC.