Trump blames companies impacted by his trade war (Politico link): President Donald Trump on Friday appeared to accuse companies of falsely claiming that they've been hurt by his escalating trade war with China, instead saying they're mismanaging their businesses.
“If the Fed would cut, we would have one of the biggest Stock Market increases in a long time. Badly run and weak companies are smartly blaming these small Tariffs instead of themselves for bad management...and who can really blame them for doing that? Excuses!” Trump wrote on Twitter Friday.
In one example of corporate America complaining about Trump's trade war, the Footwear Distributors and Retailers of America wrote a letter to the president this week stating that the planned tariffs would drive up costs for consumers.
Trump defended his strategy after Sen. Pat Toomey (R-Pa.) said “there’s no question” the trade war is contributing to a slowdown of the economy.
Mod: As most know, there is no indication if anything Trump or anyone associated with his administration says is actually true.