Trump Supporters are Missing the Point

[Zhong Lu + 845]

The devaluation move on the Yuan is not primarily about "countering tariffs."  As far as it's concerned, the Chinese government is already preparing itself and its population for some economic pain. 

The real meaning of the devaluation move is about sending a message: "China is not going to negotiate with the Trump administration anymore."  

Which raises an interesting question: what next? 

[Strangels + 1]

More lies about how China desperately needs a deal more so than U.S.

[BenFranklin'sSpectacles + 762]

On 8/7/2019 at 3:13 PM, Zhong Lu said:

Which raises an interesting question: what next? 

The US stops doing business with China.  Some of that business will go to the rest of SE Asia, helping them counter China.  Some of it will return to the US, rebuilding our industry.  Overall, a win-win. 

Sucks to be China in this scenario, but that's not my problem. 

[Douglas Buckland + 6,308]

On 8/8/2019 at 4:13 AM, Zhong Lu said:

The devaluation move on the Yuan is not primarily about "countering tariffs."  As far as it's concerned, the Chinese government is already preparing itself and its population for some economic pain. 

The real meaning of the devaluation move is about sending a message: "China is not going to negotiate with the Trump administration anymore."  

Which raises an interesting question: what next? 

Who cares?