Putin says US tariffs are designed to hold back China's rise

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Putin says US tariffs are designed to hold back China's rise
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Trade tariffs by the U.S. on China are aimed at holding back the country's economic rise, Russian President Vladimir Putin said Thursday.

U.S. trade tariffs and sanctions are aimed at holding China and Russia back, Russian President Vladimir Putin said Thursday.

"What do they want to do? They want to curb the rise of China, the same is happening in the case of Russia and it will continue to happen," he said during the live TV broadcast, according to a translation. Talks are ongoing to reach some kind of trade deal and a meeting between President Donald Trump and Chinese President Xi Jinping is taking place next week, though hopes for an immediate deal being signed are low. In the meantime, Trump has faced pressure to take a tougher stance on Russia, particularly in light of its alleged meddling in the 2016 U.S. election.

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