Trump: "I hereby order" U.S. companies to stop with their business plans
President Donald Trump is now "ordering" companies to do his bidding.
In his usual morning meltdown when talking about his failing trade war with China, Trump just seemed to sorta snap:
"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. I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States. Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE,....
....all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year. President Xi said this would stop - it didn’t. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way!"
While some of what he said about China was true, you just can't "order" U.S. citizens to stop buying from overseas. It's just not how it works. Yes, Trump can increase tariffs, and yes, he can make the American people pay more but people still have a choice. American businesses have a choice in how to run their own business.
The truth is, the vast majority of products are made in China because they're cheaper. That's the hard bargain American consumers make with their wallets.
The other hard truth of it is, Trump is having a tough time getting his way. China is playing hard ball right back and earlier this month decided they would no longer be buying billions in agricultural products from farmers in the mid west. Farmer bankruptcies have increased nearly 40% in this time span alone. People are hurting.
The White House seems to acknowledge all this but suggest in the long term it will get better "if" American companies start producing at home, and "if" China stops doing a number of things, like inflating their currency, etc. In the meantime, only American workers are being hurt.