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"We have a very powerful country, a very strong economic and military country that's never been better," Trump told reporters in Morristown, New Jersey, on Tuesday. "The stock market is way up today for various reasons, including tariffs."
"We're [delaying the tariffs] for Christmas season, just in case some of the tariffs would have an impact on U.S. customers, but so far, they've had virtually none," Trump said. "What we've done is we've delayed it so that they won't be relevant for the Christmas shopping season."
We've delayed it so they won't be relevant for the Christmas shopping season.
Trump went on to say the U.S. has collected close to $59 billion in tariffs thus far from China, which he called "amazing." He said his call on Monday with China was "very productive," but he said he thinks China wants to do something "dramatic."
"I was not sure whether or not they wanted to wait until a Democrat had a chance to get in. Hopefully that's not going to happen because the economy would go to hell in a handbasket very fast, but [China] really would like to make a deal," Trump said.
The economy would go to hell in a handbasket very fast.
Products in this group include, for example, cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing.
FOX Business' Ken Martin contributed to this report.