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Opinion

Chinese Economy Suffers BIG TIME Under Trump's Tariffs, Now They're Ready to Negotiate

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When Donald Trump talks, threatens, or takes preemptive action, other nations listen.

Not only do they listen but they bend the knee.

Talk about respect.

From Daily Wire:

President Donald Trump’s latest trade war escalation against China appears to have had an immediate effect on Asian markets and the Chinese Yuan, sending both tumbling early on Monday morning.

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“China’s yuan currency fell to 7.1487 to the dollar, its weakest level since early 2008 at the height of the global financial crisis,” AFP reported. “On equity markets, Hong Kong led losses, slumping more than three percent, with investors also spooked by fresh violent protests in the city that saw police use water cannon for the first time. Shanghai lost 1.3 percent and Tokyo ended the morning more than two percent off.”

Chinese Vice Premier Liu He indicated early on Monday that the communist nation was willing to negotiate with the U.S. to prevent the trade war from escalating.

Here’s what Trump tweeted a few days prior…

Our Country has lost, stupidly, Trillions of Dollars with China over many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue. I won’t let that happen! We don’t need China and, frankly, would be far….

https://twitter.com/realDonaldTrump/status/1164914959131848705

….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..

https://twitter.com/realDonaldTrump/status/1164914960046133249

….your companies HOME and making your products in the USA. I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States. Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE,….

https://twitter.com/realDonaldTrump/status/1164914962529247232

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….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!

https://twitter.com/realDonaldTrump/status/1164914963766546435?%7Ctwcamp%5Etweetembed%7Ctwterm%5E1164914963766546435&ref_url=https%3A%2F%2Fwww.dailywire.com%2Fnews%2F51032%2Fbreaking-trump-tariffs-tank-asian-equities-chinese-ryan-saavedra

More from Fox News:

Meanwhile, Sen. Lindsey Graham, R-S.C., said on Sunday that Democrats should not criticize Trump for taking on China over trade as they have complained for years about Beijing’s policies but done nothing. Senate Minority Leader Chuck Schumer, D-N.Y, for example, has urged Trump to fight China aggressively.

Graham, noted, “Every Democrat and every Republican of note has said China cheats. The Democrats for years have been claiming that China should be stood up to, now Trump is and we’ve just got to accept the pain that comes with standing up to China.

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About the Author:
John Salvatore has been a Writer and Editor of multiple political blogs since early 2015. He earned his Master’s degree in Public Administration upon completion of a Bachelor’s degree in Political Science. A diehard Los Angeles Dodgers fan, John can be reached at [email protected].




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