Wednesday, President Trump said his trade war with China has hurt the performance of the US stock market, but that he had to confront the country’s economic practices.
“Let me tell you, if I wanted to do nothing with China, our stock market, our stock market would be 10,000 points higher than it is right now but somebody had to do this,” the President told reporters at the White House. “It was out of control and they were out of control.”
The Dow Jones Industrial Average (DJIA) stands at 26,312.75 as of 3:30p EDT in Washington, + 0.75% on the day.
President Trump increased tariffs on Chinese imports this week to try to elbow Beijing into resuming talks on a far-reaching trade deal.
“We’ll see what happens, if they want to make a deal, they’ll make a deal, if they don’t want to make a deal, that’s fine,” he said.