Addressing the elephant in the room

Trump says China is making a losing bet if they think he is going to lose in 2020

losing bet

 

President Trump was busy on Twitter today and one of the issues was the ongoing trade negotiations with China. He said the Chinese are making a losing bet if they think he is going to lose in 2020. Friday the U.S. put in place tariffs on many Chinese goods and Trump has repeated many times we are tired of getting screwed by the Chinese and the World in trade issues.

‘I think that China felt they were being beaten so badly in the recent negotiation that they may as well wait around for the next election, 2020, to see if they could get lucky & have a Democrat win — in which case they would continue to rip-off the USA for $500 Billion a year….’

He added: “The only problem is that they know I am going to win (best economy & employment numbers in U.S. history, & much more), and the deal will become far worse for them if it has to be negotiated in my second term. Would be wise for them to act now, but love collecting BIG TARIFFS!”

Later Trump added “We are right where we want to be with China. Remember, they broke the deal with us & tried to negotiate. We will be taking in Tens of Billions of Dollars in Tariffs from China. Buyers of product can make it themselves in the USA(ideal), or buy it from non-Tariffed countries.”

Trumps comments today come after trade negotiations broke down last week over substantial issues like intellectual property rights. Later in the week Trump assured markets the Chinese were coming back to the negotiating table. We will see what this week brings.

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