Trump ‘Not Ready’ for China Trade Deal, Dismisses Recession Fears

Trump ‘Not Ready’ for China Trade Deal, Dismisses Recession Fears
Trade Representative Robert Lighthizer (front R) gestures while speaking to President Donald Trump during a meeting with China's Vice Premier Liu He (L) in the Oval Office of the White House in Washington on Feb. 22, 2019. Mandel Ngan/AFP/Getty Images
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WASHINGTON—President Donald Trump and top White House officials dismissed concerns that economic growth may be faltering, saying on Aug. 18 they saw little risk of recession despite a volatile week on global stock markets, and insisting their trade war with China was doing no damage to the United States.

“We’re doing tremendously well, our consumers are rich, I gave a tremendous tax cut, and they’re loaded up with money,” Trump said on Sunday.