President Trump made a big announcement on Saturday morning regarding American companies operating in China.
Businesses are beginning to listen.
Check this out…
Trump noted, “It’s a bad situation they put themselves in. And I just saw, it came over the wires that 13% of certain companies are going to be leaving China in the not too distant future. That’s a big thing. 13% of companies will be leaving Chinain the fairly near future. And I’m not surprised to hear that. And I think it’s going to be much higher.”
Thirteen per cent of the companies will be leaving China in the fairly near future. And I’m not surprised to hear that. I think it’s going to be much higher. Because they cannot compete with the tariffs. They can’t compete,” he said in response to a question.
A fresh set of tariffs are set to be imposed on Chinese products on September 1. “They’re on. We’ve taken in billions and billions of dollars from those tariffs. As it’s starting to come out, if you look at the Chinese government .
He said, despite the Chinese tariffs, the US is not paying more and instead, it has taken in tens of billions of dollars.
“I gave farmers USD 16 billion, which makes them totally whole on China. That’s what China spends in a good year. I gave the farmers — because they were targeted. The farmers were targeted by China, ..