Donald Trump claims thousands companies are leaving China

Today, the U.S. President Donald Trump wrote on his Twitter account that he claims thousands of companies are leaving China because he put tariffs on Chinese goods. The trade war between China and the U.S. has gone badly. After a failed negotiation between Beijing and Washinton DC on July, Trump announced other tariffs on almost $300 billion Chinese goods. This move made China had no choice but to lower its currency above 7 dollars.

Now, as Trump said, many companies are leaving China due to the trade war between China and U.S.A. Many factories in China have moved or plan to move their business to other countries like Vietnam, Mexico and other business-friendly places. In addition, many Taiwanese companies also are moving their business back to Taiwan.

Here is Trump’s tweet. “China wants to make a deal so badly. Thousands of companies are leaving because of the Tariffs, they must stem the flow. At the same time China may be hoping for a Democrat to win so they could continue the great ripoff of America, & the theft of hundreds of Billions of $’s!”

 

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