Trump has been warning about China since 2011. They’ll complain that Trump did business with China, they’ll attack him, and the point of business is to buy low and make a profit.
I’m with Trump and we do let our trade partners like China get away with too much, but this sequence doesn’t really demonstrate his larger point, IMO.
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Read his book, “Time to Get Tough”...he was talking about it then!
Which country have we borrowed and borrowed and borrowed from?
Sorry, til you tell me what Trump can do about the Yuan - this is all just bluster and emotion with no logical under pinning. If Trump’s warning about China was TRUE - then they’d have been UP 9% today, Not DOWN 9%.
Think people. Common sense.
No other candidate has the world economic vision of Donal Trump.
But Trump’s not a pure as the driven snow conservative! He donated to libs!
Romney made the same point about China four years ago and no one seemed to care. I find it odd that people (like my in-laws) viewed Romney as an evil rich white guy who didn’t know what he was talking about but no one seems to have the same opinion about Trump.
There was a guy running for US President - can’t remember his name at the moment (began with an “L”?) - as a 3rd party candidate who advocated devaluing the US Dollar by 50% and pegging it to the price of gold.
Overall, the guy was a kook, but that idea was intriguing. Of course, it would really rock the world financial boat!
The best thing for us to do is focus on shoring up our own economic house. There’s so much wrong here it’ll take everything we’ve got just to keep it from getting worse.
If our economy (and political system) is strong and healthy, we needn’t worry so much about the rest of the world, imo.
Mr. Trump has a list of about 6 or 8 things he’s for and/or plan to accomplish. That’s a pretty tall order in itself.
If we made a situation where China can so easily destroy us, then we have only ourselves to blame
They devalued it 30 percent. Why not a 40 percent tariff?