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I've been thinking about this and I've come to the conclusion that Trump doesn't really want to work out a trade deal with China at this time. What I think he'
by Fjolsvith 7y ago
I've been thinking about this and I've come to the conclusion that Trump doesn't really want to work out a trade deal with China at this time. What I think he's trying to do is to prod China into dumping their Treasuries.
From above: "The effect would be to drive up the price of foreign imports for U.S. consumers and drive down the price of U.S. exports."
What would this do? It would make Americans buy American products. It would make the world buy American products. It would make American companies invest in US manufacturing, rather than overseas.
What does massive economic growth do for the US? Pays down the national debt fast.