Donald Trump Calls Himself “Tariff Man” When Threatening China, Stock Markets Plummet
Donald Trump announced on Tuesday that he was working with China President Xi Jinping at the G20 summit on a trade deal, admitting that said deal could still fail to pass but the early negotiations were promising.
In his series of tweets, however, Trump stated both parties “want this deal to happen, and it probably will.” He then threatened China, adding, “But if not remember… I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. ”
The negotiations with China have already started. Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with President Xi in Argentina. Bob Lighthizer will be working closely with Steve Mnuchin, Larry Kudlow, Wilbur Ross and Peter Navarro…..
— Donald J. Trump (@realDonaldTrump) December 4, 2018
Subscribe to our free weekly newsletter!
A week of political news in your in-box.
We find the news you need to know, so you don't have to.
……on seeing whether or not a REAL deal with China is actually possible. If it is, we will get it done. China is supposed to start buying Agricultural product and more immediately. President Xi and I want this deal to happen, and it probably will. But if not remember,……
— Donald J. Trump (@realDonaldTrump) December 4, 2018
….I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN
— Donald J. Trump (@realDonaldTrump) December 4, 2018
…..But if a fair deal is able to be made with China, one that does all of the many things we know must be finally done, I will happily sign. Let the negotiations begin. MAKE AMERICA GREAT AGAIN!
— Donald J. Trump (@realDonaldTrump) December 4, 2018
Tthe markets suffered after Trump’s tweets, with the Dow Jones industrial average dropping 799 points, or by just over three percent. Likewise, the S&P 500 plummeted by 90 points and Nasdaq dropped by 283 points, or drops of 3.2 percent and 3.8 percent respectively.
SLIDESHOW: DONALD TRUMP’S 30 CRAZIEST TWEETS
Although Trump claimed his Chinese counterpart agreed to “reduce and remove” their tariffs on United States automobiles, Trump’s aides privately confirmed to The Washington Post that said development never happened. “Nobody knows what the deal is,” said the White House official.
Confidence that Trump’s trade war with China will cease isn’t high and the two countries have irreconcilable recollections of their meeting. Nevertheless, the Commander in Chief returned to Twitter on Wednesday morning feeling optimistic, writing how China was sending “very strong signals” and airing his belief that Jinping “meant every word of what he said at” their meeting.
Very strong signals being sent by China once they returned home from their long trip, including stops, from Argentina. Not to sound naive or anything, but I believe President Xi meant every word of what he said at our long and hopefully historic meeting. ALL subjects discussed!
— Donald J. Trump (@realDonaldTrump) December 5, 2018
Get the most-revealing celebrity conversations with the uInterview podcast!
Leave a comment