[EXPOSED] The 4-Letter TRUTH About the U.S-China Trade War
President Trump has finally gotten tough with China on trade, and his enemies refuse to give him any credit. Read on…
His methods may be unorthodox, but President Donald Trump is doing something no U.S. president was willing to do for decades…
Get tough with China on trade!
According to The Daily Caller, Trump announced last Friday he would raise existing tariffs on $250 billion worth of Chinese goods from 25% to 30%, with the hike beginning on Oct. 1. Another $300 billion worth of goods from China were to be slapped with a 10% tariff on Sept. 1 — Trump said Friday this tax will now be 15%.
The move was in response to China implementing a 25% tariff on American automobiles and more tariffs on $75 billion worth of goods.
Trump’s enemies in D.C. (and in the media) will tell you he’s creating a trade war that will kill the U.S. economy.
But one D.C. insider (and sometimes a Trump critic) just summed up why Trump’s trade moves with China are important… but necessary.
During an appearance on CBS’s “Face the Nation” on Sunday, South Carolina Senator Lindsey Graham said Americans have to be ready to tighten their belts in order to make China’s government change its trade practices.
“I’m glad American companies are in China doing business because there’s a lot of customers. What I don’t like is they close off markets to the American business community in China,” said Graham. “They’re required to have a Chinese business partner when you do business in China, and they steal all of your stuff.”
And the word that Graham used to expose the truth about the trade spat?
PAIN!
“How do you get China to change without creating some pain on them and us? I don’t know,” he said.
And as of this morning, Trump’s moves are already working.
According to a report from Fox News, a top Chinese official said Monday that Beijing wants a rapid and "calm" end to its ongoing trade fight with the U.S., as Asian markets crumbled and China's currency plummeted to an 11-year low following Trump’s newly announced tariffs.
Boom!
Looks like China is finally feeling the ‘pain.’
— Capitol Gains