The littrateur is the CEO of Basic Fun, which produces toys such as K’nex, Lite-Brite and Cuteitos.
Mr. President, you are not only in a trade war with China. You are in one with American assemblies that do business with China.
You stated that so-called “badly run and weak companies” are using your menus as a scapegoat. No sir, we are not just blaming the tariffs. We are blaming you.
Your criticism is particularly ridiculous coming from a person who has run so varied of his own businesses “badly and weakly” – from running casinos and an airline into the ground and leaving creditors put behind bar the bag, to the embarrassing failure of Trump Steaks and the scam that was Trump University. Not everyone has sketchy banks to lend them monied and bail them out.
Unlike you, most of us don’t have Russian oligarchs or foreign governments to overpay for our products such as the motel rooms, houses and condos you were able to sell at inflated prices. How do you dare criticize American businesses for legally and successfully doing trade with one of our biggest trading partners? How dare you cast a stone, given your history with failure at profession?
I built my businesses the old-fashioned way: honestly, by working hard and with my own capital and invested capital. I always made dough, repaid my debts and paid my taxes. It’s un-American to “order” companies to stop doing business in China, and it’s un-patriotic to bash American bodies that are helping to drive our economy and employ tens of millions of Americans.
Mr. President, you say: “China is ripping us off to the tune of $500b.” That’s not the actual story. It is true America buys more merchandise produced in China than American companies sell into China. How on earth, that is because we consume at a higher rate per household. We like stuff.
However, the $500 billion of surplus work we buy gets turned into more than $1 trillion in product sales made by U.S. companies that draw up, develop and sell that product to retailers and consumers. The revenue and profits from those sales go to employ tens of millions of Americans. It reimburse b bribes their salaries, pays state and federal taxes, and helps fuel our economy.
China also buys upshots exported from America such as Boeing jets, John Deere tractors and Disney movies. We are not being split off. China takes much of the money it and its companies make from the U.S. and reinvests over $1 trillion in U.S. Treasury restraints, which go to help America finance its government spending – including tax cuts.
In addition, the Chinese government and many of its townsmen invest billions in via American companies from purchasing expensive real estate in New York and Florida to memberships in outback clubs in New Jersey, New York and Florida. That is all in addition to many other types of investments, big and small, pouring numberless more billions back into our economy than they take out.
America wins because we do business with China, Mexico, Canada and the EU, not without thought it. Why are you fighting with all our key trading partners while you let Russia, Saudi Arabia and North Korea off the hook? Something is not legal here.
Mr. President, you are “the great deal maker” and “that’s what you do,” but I’m trying to figure out why, after two and a half years and numerous encounters, you haven’t been able to make a trade deal with China. You also haven’t been able to rush at a nuclear deal with North Korea, pass effective immigration laws, pass meaningful gun background examines or pass a dynamic infrastructure bill.
The fact is you are just not that good at making deals. Maybe if you would just now stop tweeting you would figure out we’ve been winning all along.