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Trump Orders US Businesses To Seek "Alternative To China"

Posted by JayZeeBMT on Fri Aug 23 13:52:46 2019

Actual Trump Tweet:

"Our Country has lost, stupidly, Trillions of Dollars with China over many years, They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue. I won’t let that happen! We don’t need China and, frankly, would be far better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA."

The markets duly responded by plummeting once more, including the S&P 500. It's not just tariffs anymore. Now it's an embargo, too.


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