On Friday Joe Hoft posted this report from his home in Hong Kong…
President Trump yesterday announced that the US will increase tariffs on China and then ordered all US firms to begin seeking alternatives to doing business with China!
The Chinese regime is in a perilous position and has only two choices.
The regime can either give the US what it wants or perish.
President Trump recognizes that China is in an all out war with the US in regards to information and economics. For years Western leaders have done nothing but negotiate into weak positions, never standing up to the Communist regime. Former US Presidents treated China like they did Russia 50 years ago, as their superior always giving them what they wanted and never standing up to their abuse and criminal acts.
It is different with President Trump. The President knows he has the authority and ability to inflict a fatal blow to the Chinese economy. The US is arguably in its best economic period in history while China’s economy is its weakest in 30 years.
The President knows that now is the time. China cannot handle the US tariffs while their economy implodes. They are on the brink of a massive economic collapse, so colossal that the regime is in danger of being dethroned!
The President retweeted the following post bringing attention to his action to designate China as a currency manipulator, further challenging the regime:
U.S. Treasury Designates China as a Currency Manipulator: https://t.co/7OnySGjzH1
— Treasury Public Affairs (@TreasurySpox) August 5, 2019
Less than 24 hours ago the President tweeted the following, noting he is putting more pressure on the regime with more tariffs in response to the regime’s actions:
….Sadly, past Administrations have allowed China to get so far ahead of Fair and Balanced Trade that it has become a great burden to the American Taxpayer. As President, I can no longer allow this to happen! In the spirit of achieving Fair Trade, we must Balance this very….
— Donald J. Trump (@realDonaldTrump) August 23, 2019
On Monday after the Asian markets crashed and China announced a willingness to seek a calm end to the US-China trade war.
FOX News reported:
China signaled on Monday it was now seeking a “calm” end to its ongoing trade war with the U.S., as Asian markets crumbled and China’s currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration.
Trump said Monday that officials from China called U.S. officials and expressed interest to “get back to the table,” The Wall Street Journal reported. He called the discussions a “very positive development.”
“They want to make a deal. That’s a great thing,” he said.
