China should know not to play games against someone like President Trump.
Back in June, China attempted a power play against the USA by adding $16 Billion in retaliatory import tariffs. They *thought* they could intimidate President Trump by showing they were serious with their little move.
Luckily, we have someone in office who knows The Art Of The Deal!
Trump didn’t budge an inch, even despite pressure from Europe. The reason he made the moves he did against China is because he knows exactly where they are weak and where we are strong. China has a weak economy and its oil is currently being propped up by a 70% import rate through number of vital trade deals with countries like the Russia, Saudi Arabia, and the USA.
They simply cannot absorb the impact of taxing oil imports 25% – and Trump knew that.
That brings us to today… guess what just happened?
China *quietly* removed crude oil from their tariff list dropping the financial impact of their terrible bluff by roughly one third ($5.3 Billion saved). China was showing weakness before, but now their list is just pathetic.
Admit it, you simply cannot withstand a trade war with the USA. We have this little thing called Capitalism that allows us to adapt and overcome any hurdle almost instantly with pure human ingenuity and motivation.
And we have someone at the helm who is making sure we remain a strong, stable, and adaptable economy.
Can you imagine what Hillary would have done? She would have given in to their bluff by day 1 and been paying BILLIONS (to her foreign friends).
Thank you President Trump!