India, April 7 -- US President Donald Trump on Monday boasted the success of tariffs on its "biggest abuser," China, claiming that Chinese markets have been crashing since the imposition of duties on US imports.

In a post on TruthSocial, Trump said, "Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place."

He added, "This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning...