These guys do it to every country in the world. Trump’s policies won’t work. If you start a trade war, be prepared for the response.
In a first since 1994, the U.S. Treasury Department declared China [B]a “currency manipulator”[/B] — after the country let the yuan fall to its lowest level against the dollar since 2008. China also confirmed that it is suspending purchases of U.S. agricultural products, as a response to President Trump’s new 10% tariffs on another $300 billion worth of Chinese goods. U.S. equities were dealt a blow, with the Dow Jones Industrial Average closing down 760 points on Monday, its worst day this year.
Shainaman seems to know exactly where Drumpf’s ball are located. By reducing US agricultural products, they have kicked him right between the legs.
The currency play is a clever way of causing Chinese goods to be even more affordable, enabling more volume to tariffs-bound US importers and keeping factories running and China’s people at work. Drumpf’s only weapon is more tariffs and name-calling.