Real estate billionaire mogul and 2016 United States presidential candidate Donald Trump has made China the focal point of his campaign. After Black Monday, Trump has continued to lambast the People’s Bank of China (PBOC) and its decision to devalue the yuan and slash interest rates.
Speaking in an interview with Fox News, Trump went into some detail as to why he believes China is deliberately debasing the renminbi.
“They’re cheapening their currency and making it very inexpensive. They’ll be able to make goods for far less than our goods. We make great products but it’s impossible to compete when the product is so much more expensive. But what they’re doing, Bill, leads to depression eventually,” said Trump.
Trump also went to Twitter to bash China, which has some scratching their heads because at one moment he’s calling the Chinese government evil geniuses and then in the next breath he’s calling them a bunch of nincompoops.
“Markets are crashing – all caused by poor planning and allowing China and Asia to dictate the agenda. This could get very messy!” Trump tweeted Monday.
Markets are crashing – all caused by poor planning and allowing China and Asia to dictate the agenda. This could get very messy! Vote Trump.
— Donald J. Trump (@realDonaldTrump) August 24, 2015
Here’s another one from Trump:
Depression- be careful of China! https://t.co/6BGk0ZjKwT
— Donald J. Trump (@realDonaldTrump) August 24, 2015
But Trump’s message is resonating with a lot of people. Nationally, Trump is polling at 22 percent, and his closest competition is Jeb Bush. However, in a general election Trump/Hillary Clinton matchup, he’s behind in double digits. This is according to Real Clear Politics.
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