WASHINGTON: President Donald Trump remains optimistic about his trade strategy despite China’s retaliatory 125% tariffs on US goods, and expressed confidence in reaching an agreement with the country after his recent steps deepened the tensions between the two economic giants. Investors dumped US government bonds, the dollar tumbled and stocks seesawed after Beijing’s retaliation against Trump deepened concerns on already traumatized global markets. Trump sent financial markets into a tailspin by announcing sweeping import taxes on dozens of trade partners last week, only to abruptly roll them back to 10 percent…
Trump optimistic about deal despite strong response from China
