TRUMP IS RIGHT! China Is In Terrible Economic Condition; Cannot Afford to Lose the US Market
President Trump yesterday announced that the US will increase tariffs on China and then ordered all US firms to begin seeking alternatives to doing business with China!
The Chinese regime is in a lethal position and has only two choices.
The regime can either give the US what it wants or perish.
President Trump recognizes that China is in an all out war with the US in regards to information and economics. For years Western leaders have done nothing but negotiate into weak positions, never standing up to the Communist regime. Former US Presidents treated China like they did Russia 50 years ago, as their superior always giving them what they wanted and never standing up to their abuse and criminal acts.
It is different with President Trump. The President knows he has the authority and ability to inflict a fatal blow to the Chinese economy. The US is arguably in its best economic period in history while China’s economy is its weakest in 30 years.
This morning President Trump tweeted the following:
For all of the Fake News Reporters that don’t have a clue as to what the law is relative to Presidential powers, China, etc., try looking at the Emergency Economic Powers Act of 1977. Case closed!
— Donald J. Trump (@realDonaldTrump) August 24, 2019
The President knows that now is the time. China cannot handle the US tariffs while their economy implodes. They are on the brink of a massive economic collapse, so colossal that the regime is in danger of being dethroned!
The President retweeted the following post bringing attention to his action to designate China as a currency manipulator, further challenging the regime:
U.S. Treasury Designates China as a Currency Manipulator: https://t.co/7OnySGjzH1
— Monica Crowley (@TreasurySpox) August 5, 2019
Less than 24 hours ago the President tweeted the following, noting he is putting more pressure on the regime with more tariffs in response to the regime’s actions:
….Sadly, past Administrations have allowed China to get so far ahead of Fair and Balanced Trade that it has become a great burden to the American Taxpayer. As President, I can no longer allow this to happen! In the spirit of achieving Fair Trade, we must Balance this very….
— Donald J. Trump (@realDonaldTrump) August 23, 2019
…Additionally, the remaining 300 BILLION DOLLARS of goods and products from China, that was being taxed from September 1st at 10%, will now be taxed at 15%. Thank you for your attention to this matter!
— Donald J. Trump (@realDonaldTrump) August 23, 2019
The President also tweeted out orders for American firms “to immediately start looking for an alternative to China”.
President Trump knows that China needs the US now more than ever but the US doesn’t need China .
….better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..
— Donald J. Trump (@realDonaldTrump) August 23, 2019
….all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year. President Xi said this would stop – it didn’t. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way!
—Donald J. Trump (@realDonaldTrump) August 23, 2019
Two weeks ago we posted a presentation that former Trump Chief Strategist Steve Bannon gave regarding China.