New Delhi, April 7 -- Donald Trump on Monday denied an inflation problem in the United States, claiming there is "no inflation" and food prices are down, before shifting his attack to China.

Taking to his social media platform Truth Social, Trump also justified his tariff move.

"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 said.

Donald Trump further took a dig at China, saying that the country did not acknowledge his warnings of retaliatory tariffs.

"This is despite the fact that the biggest abuser of them all, C...