Trump takes victory lap for slowdown in Chinese economy

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US President Donald Trump and Chinese President Xi Jinping shake hands during a business meeting at the Great Hall of the People in Beijing on November 9, 2017

President Donald Trump on Monday took credit for a slowdown in the Chinese economy that he says will lead to more favorable trading terms with the world’s second-largest economy.

China on Sunday night reported second-quarter GDP growth of 6.2%, the worst showing in at least 27 years.

Over two tweets, Trump said China wants to make a trade deal and insisted that U.S. taxpayers aren’t paying tariffs.

U.S. taxpayers do directly pay the tariffs on Chinese goods, though Trump said devaluation and what he called “pumping” offset those costs.

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