Trump is calling for companies to start searching for new trading partners, as China is refusing to play nice. China recently raised tariffs on U.S. goods, which caused Trump to respond in kind. Trump is now trying to up the ante by calling for businesses to avoid China entirely, as it is stealing our intellectual property.
“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…”
“…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
“…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,….”
“….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!”
“William Reinsch, a trade expert at the Center for Strategic and International Studies, told The Washington Post, “The reality is many companies have been thinking about leaving, anyway. Labor costs are going up in China, the regime is repressive, and American companies continue to suffer discrimination.”
Looks like Walmart may have to find a new place to buy their products. But this could be for the best as China has been doing better and so their prices have risen significantly. Perhaps another country would provide us with better prices.