With US stock futures plunging toward their Wednesday lows following China's decision to strike back against the US by announcing 25% tariffs on on some $50 billion of US imports, including soybeans, airplanes, cars and chemicals, as the news revived fears of an escalating trade war.
But in a pair of tweets sent Wednesday, President Trump suggested that the market had it wrong. We aren't about to start a trade war with the Chinese, the president said. Rather, we've been fighting a losing battle for years.
"We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the US. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!"
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I love this president!!!
ReplyDeleteBest president we have had since Ronald Reagan.
It's about time we had a president who will stand up for our country and our interests and the interest of its people.
MAGA
ReplyDeleteTrump could easily be the best president we've ever had if only congress would work with him
ReplyDelete