Asia stocks rise: Japan surges on Takaichi bets, China buoyed by positive GDP
Investing.com -- President Trump addressed the complex relationship with China amid escalating trade tensions between the two economic powers.
"You have to be careful with China," Trump stated, noting that while he maintains "a great relationship with President Xi," their interactions occasionally become "testy because China likes to take advantage of people."
The president’s comments come as both Washington and Beijing implemented additional port fees on ocean shipping companies on Tuesday. This development contributed to Wall Street’s main indexes retreating from their record levels.
Trump emphasized that the United States would respond appropriately to challenges from China, saying, "You got to put up the blocks. We have a lot of punches being thrown and we’ve been very successful."
The trade tensions have recently intensified with China imposing rare earths export controls.
Trump concluded his remarks by asserting that the relationship with China would be "fine," but added, "if it’s not, that’s okay too," suggesting the United States is prepared for either outcome in the ongoing trade relationship.
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