Trump is tweeting

Through massive devaluation of their currency and pumping vast sums of money into their system, the tens of billions of dollars that the U.S. is receiving is a gift from China. Prices not up, no inflation. Farmers getting more than China would be spending. Fake News won't report!

Inflation data today showed US prices up just 1.8% y/y and 2.2% excluding food and energy.