Imgflip Logo Icon

The "Art of the Deal"

The "Art of the Deal" | CHINA'S STOCK MARKET IS CRASHING, THE YUAN HITS THE LOWEST LEVEL IN 11 YEARS, CHINA'S LARGEST BANK FAILS, JAPAN AGREES TO A NEW TRADE DEAL WITH THE U.S., COMPANIES ARE MOVING OUT OF CHINA; CHINA CALLS PRESIDENT TRUMP TO ASK FOR A "CALM END" TO THE TRADE WAR. | image tagged in donald trump approves | made w/ Imgflip meme maker
2,062 views 45 upvotes Made by Perspicacity 5 years ago in politics
Donald trump approves memeCaption this Meme
9 Comments
4 ups, 5y,
1 reply
I hate the guy but honestly the Trade war was one of the few things he's done I actually support. My one gripe is how he tried to play it off as though China was going to foot the bill knowing full well farmers were going to suffer for it
4 ups, 5y,
2 replies
You are correct in that farmers are hurt the most due to China not buying as many agricultural goods.

However, to some extent, China is footing the bill.

They have manipulated their currency and have devalued the Yuan 12 times in the last 18 months. This, in turn, keeps the price of Chinese goods coming into the U.S. stable, even with the additional tariffs. The Yuan is now at the lowest level in 11 years. The billions in tariffs collected also helps the U.S. Treasury.
2 ups, 5y
Agreed
5 ups, 5y
ONE DOES NOT INFORM THE OTHER ONE HAS BEEN PREDICTED,AND EXPECTED | made w/ Imgflip meme maker
the other has been policy since the tarrif war began.

now add to the mix Americas failure in Syria,which exposed just how thin we are stretched,and how Russia,china and many European countries are creating their own trade deals and stepping away from the dollar as the reserve currency...and there is some concerns for the future.

now it could all work out.
and trumps tarrif war could swing our way..
but I have not seen many economist speaking with that kind of confidence.
larry kudlow,but he gets everything wrong..all the time..every time..
but as of right now it is too soon to tell.
china and the US have a very symbiotic relationship,and we had the better end of that deal to be frank..

but let's not going sucking trumps dick just yet.
too soon to make the call.
2 ups, 5y
[image deleted]
[deleted]
6 ups, 5y,
1 reply
4 ups, 5y
That's usually all they've got.
Donald trump approves memeCaption this Meme
Created with the Imgflip Meme Generator
IMAGE DESCRIPTION:
CHINA'S STOCK MARKET IS CRASHING, THE YUAN HITS THE LOWEST LEVEL IN 11 YEARS, CHINA'S LARGEST BANK FAILS, JAPAN AGREES TO A NEW TRADE DEAL WITH THE U.S., COMPANIES ARE MOVING OUT OF CHINA; CHINA CALLS PRESIDENT TRUMP TO ASK FOR A "CALM END" TO THE TRADE WAR.