Trump says that customs duties stimulate US investment, which will harm China

president Donald Trump He said on Wednesday that his management tariff stimulates investment in the United States, while China “is doing very poorly now.”

“I heard that Samsung – now because of the definitions – will build huge facilities in the United States,” Trump said during the cabinet meeting. “If we do not do the definitions, they will not do it.”

Trump said earlier this month It has attracted more than $ 7 trillion in private investments since his election, from companies such as Apple, Eli Lilly and Stargate, as well as countries such as Saudi Arabia, the United Arab Emirates and Japan.

He told reporters on Wednesday: “We have more money that is spent more than any time in our country’s history. We are about $ 8 trillion, and I think I can say,” he told reporters on Wednesday. “This includes chips, car companies. Every form of manufacturing, super technology companies. Nobody has ever seen anything like that.”

American definitions can cost China from 5 to 10 million jobs, “responsibility” on Beijing, says Besent

“What they need is an incentive to enter, and the definitions- they are building because of the definitions. I would like to say they are building because of November 5, elections and definitions. But I will become more severe,” Trump also said.

Meanwhile, China “is very poorly operating now” in its trade war with the United States, according to Trump.

Chinese caves on a 125 % tariff for the main American export after the White House expects that Beijing cannot keep up with it

“I have just seen some reports graduating – and I don’t want to happen China – I love the president so much. President Shi, I don’t want to happen. I was actually sad to hear it. “They are fully penetrated in China,” Trump said.

“They send boats, the largest boats in the world, carry goods as it has never been unprecedented. These are the largest boats in the world, and the largest shipping ships in the world. They are coming and they wander around the Pacific.

Click here to read more on Fox Business

“We are talking to China, but their factories are closed all over China because we do not take its products. We do not want their product unless they are fair with us. This includes intellectual property and other things. There are many things that go beyond just buying/selling. So we will see what is happening,” Trump said. “I want China to work well. I want every country to do a good job, but they have to treat us some extent too.”

Greg Wehner in Fox Business contributed to this report.