Trump Falsely Claims He Has Wiped Out 150% Of China's Economy
Last edited Sat Apr 18, 2020, 05:06 PM - Edit history (1)
Trump Falsely Claims He Has Wiped Out 150% Of China’s Economy
He gloated China’s economy has lost up to $20 trillion in value since his election. If true, that would have wiped China off the economic map.
https://www.huffpost.com/entry/trump-false-claim-china-economy_n_5cff4567e4b0b02180860b26
By Mary Papenfuss
<snip>
The Chinese economy is worth an estimated $13 trillion (it was $12.2 trillion in 2017, according to the World Bank). To wipe out 150% of China’s GDP would erase the country from the world economy and would be pretty ― incredible.
Contrary to Trump’s whopper, the Chinese economy has continued to expand over 6% a year since he was elected.
The Trump trade war is hurting the Chinese economy, because tariffs make Chinese products more costly and less competitive in the American market. But because U.S. companies and consumers pay the cost of tariffs on imported goods, the trade war also hurts America’s GDP (which, incidentally, is $20 trillion). Numbers vary, but estimates for GDP costs in both nations are generally less than 1%.
Before citing a specific figure for China’s losses, Trump said earlier in the CNBC interview that China has “lost many, many trillions of dollars.”
You can check out the entire interview in the video above. (Trump refers to the amount of money he has cost China at 26:05.)
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Then the U.S. would be in economic turmoil at this very moment. The U.S. economy would be in total meltdown.
But what am I thinking? "If what Trump is saying is true"........ 
NOTHING Trump says is true! It's a sad commentary on the U.S. educational system that 40% of Americans listen and believe anything this piece of shit says.
This has gone way beyond political bullshittery.
Why would ANYONE wish for another countries economy to fail. FUCK YOU ONCE AGAIN ASSWIPE.
...of course...the one who's occupying our White House...
