- Two weeks ago China was in grave economic danger!
- The very high Tariffs I set made it virtually impossible for China to TRADE into the United States marketplace which is, by far, number one in the World.
- We went, in effect, COLD TURKEY with China, and it was devastating for them.
- Many factories closed and there was, to put it mildly, “civil unrest.”
- I saw what was happening and didn’t like it, for them, not for us.
- I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation, and I didn’t want to see that happen.
- Because of this deal, everything quickly stabilized and China got back to business as usual. Everybody was happy!
- That is the good news!!! The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!