When President Donald Trump’s policies drive new highs in the stock market, the Democrats point to it and say his presidency is only benefitting the “billionaire wall street guys” but when the markets go down on his watch – you would think a nuclear bomb went off.
Democrats LOVE to claim that pull-backs like what we’re seeing now in the stock market during a Trump presidency are “proof” that he is and his policies are “failing America.”
And while it is true that the markets have been in free-fall since President Trump announced his pro-American “Liberation Day” tariffs, contrary to what the left-wing media wants you to believe, Trump is NOT to blame.
Economist Steve Moore joined Fox News host Jesse Waters recently to discuss how CHINA is the “real villain” responsible for the markets plummeting.
While the majority of the world has already suggested to the Trump administration that they are willing to discuss lowering or removing tariffs on America altogether as a result of Trump’s Liberation Day tariffs, China has taken a different approach.
The communist nation, who has been amassing power and wealth while stealing from the American middle class for the past several decades, has decided they’re not willing to let go of their golden goose that easily, issuing retaliatory 34% tariffs on U.S. imports.
“The real villain here is China. And, as you know, the reason the market tanked today is because China tried to retaliate against it. I think that was like an economic declaration of war against the United States,” Moore said.
He continued saying that just like in a conventional war, the United States must unite its allies against China’s harmful trade war tactics.
“They are an enemy of the United States. They’re engaged in predatory trade practices. They don’t play by the rules. They cheat, and they steal. That’s the country we have to bring to heel here,” Moore said.
Immediately in response to the Chinese retaliation, President Trump said China “played it wrong” because they panicked and this much is certainly true.
The United States has the single largest trade deficit in the world BY FAR, importing roughly $1.1 trillion more than we export. China, meanwhile, has the largest trade SURPLUS of any country, with $823 billion + more in exports than imports.
https://twitter.com/stats_feed/status/1899853374066917497
Typically in a trade war, the country who is the largest importer has the most leverage, while the largest exporter has the least leverage. Simply put, China is desperate, and they have entered a war with the United States that they simply CAN NOT WIN.
Moore said that an American trade war victory could SEVERELY weaken China’s economic standing in the world – crushing their aspirations of replacing the United States as the world’s leading superpower.
China certainly has A LOT to lose. They’re backed into a corner and they’re trying to fight their way out, but it’s not going to end well for them.
