President Trump unleashed a series of blistering Twitter posts Friday morning, after China announced they would retaliate against the United States by slapping new tariffs on $75 billion worth of U.S. goods and resume duties on American autos.
The president slammed China, and said American companies are now ORDERED to immediately start looking for an alternative to China and bring their companies HOME.
“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,” Trump declared.
“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,” he added.
After his tweets, the stock markets fell into a tailspin, and the Dow closed down over 600 points.
Political experts are arguing that the president can’t “order” U.S. companies to change the way they do business, and have blasted him for his statement.
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