Trump: US Economy Heading in Right Direction, China Will Probably Eat Tariffs

President Donald Trump defended his trade policies on April 29 and sought to ease Americans’ concerns about the economy, saying that China “probably will eat those tariffs.” Trump made the comments in an interview with ABC News anchor Terry Moran when asked if Americans can expect “hard times ahead.” Trump said he did not believe this to be the case, stating that “great times are ahead” for the U.S. economy and that it is “all heading in the right direction.” The interview focused significantly on concerns about the overall outlook for the U.S. economy and the impact of the administration’s tariffs, which include a 10 percent universal baseline levy on most U.S. trading partners, currently in effect.​...