Advertisements
President Donald was ridiculed because he said US companies were instructed & # 39; to search for an & # 39; alternative & # 39; for China

President Donald was ridiculed – and even called a socialist – after he ordered American companies on Friday to immediately start looking at the departure from China.

Advertisements

Trump's demand, issued in the midst of a furious Twitter attack on China, ordered US companies to look for an & # 39; alternative to China &, hours after China announced rates for an additional $ 75 billion in US goods in the last escalation of the trade war.

& # 39; The government that orders private companies what to do – seems to me a lot of socialism, & # 39; tweeted Michael McFaul, the former US ambassador to Russia.

He retweeted the president's claim that he did not state which authority he was dealing with.

President Donald was ridiculed because he said US companies were instructed & # 39; to search for an & # 39; alternative & # 39; for China

President Donald was ridiculed because he said US companies were instructed & # 39; to search for an & # 39; alternative & # 39; for China

& # 39; Our large American companies are hereby instructed to immediately look for an alternative to China, including … bringing your companies to HOME and making your products in the US & # 39 ;, Trump wrote.

Advertisements

Although the president has broad powers to initiate armed conflicts, to lead, take on and dismiss his party, and even reprogram millions of dollars in funding, no legal authority is known to tell companies where to invest.

The former US ambassador to Russia said it looks a lot like socialism & # 39;

The former US ambassador to Russia said it looks a lot like socialism & # 39;

The former US ambassador to Russia said it looks a lot like socialism & # 39;

Trump said the companies were ordered & # 39; without stating the authority

Trump said the companies were ordered & # 39; without stating the authority

Trump said the companies were ordered & # 39; without stating the authority

Congress sometimes enacts laws that block investments in paria countries.

Doug Barry of the US-China Works Council, including major companies such as Apple, Ford and General Motors, told DailyMail.com that the president has no authority to order private-dealing companies to leave the markets in which they # 39; doing very well in it and coming back to the United States. He can not. I don't know an Executive Order that would allow a president to force US companies to do business in a market. & # 39;

Signage for Tesla Inc. will be displayed outside one of the company's showrooms in Beijing, China, on Friday 10 May 2019
Advertisements

Signage for Tesla Inc. will be displayed outside one of the company's showrooms in Beijing, China, on Friday 10 May 2019

Signage for Tesla Inc. will be displayed outside one of the company's showrooms in Beijing, China, on Friday 10 May 2019

A Nike outlet store in the village of Tianjin Florentia

A Nike outlet store in the village of Tianjin Florentia

A Nike outlet store in the village of Tianjin Florentia

Customers dine in a Yum! KFC restaurant Brands Inc. in Shanghai, China

Customers dine in a Yum! KFC restaurant Brands Inc. in Shanghai, China

Advertisements

Customers dine in a Yum! KFC restaurant Brands Inc. in Shanghai, China

Pedestrians with an umbrella walk past a Yum in the rain! Brands Inc. Pizza Hut restaurant & night in Shanghai, China, on Wednesday, December 9, 2015

Pedestrians with an umbrella walk past a Yum in the rain! Brands Inc. Pizza Hut restaurant & night in Shanghai, China, on Wednesday, December 9, 2015

Pedestrians with an umbrella walk past a Yum in the rain! Brands Inc. Pizza Hut restaurant & night in Shanghai, China, on Wednesday, December 9, 2015

He noted that many US companies doing business in China are there for access to the Chinese market, the fastest growing in the world, not just for export to the US

& # 39; Many of these companies in China make products for the Chinese market. The costs of being close to their customers are affordable. & # 39;

Advertisements

The US Chamber of Commerce issued a statement about China in the midst of Trump's attacks and called for & # 39; constructive involvement & # 39 ;.

But it had no specific explanation about the order in which companies are moving.

& # 39; The tweet is not entirely cheap, & # 39; told China expert Derek Scissors from the American Enterprise Institute Washington Post.

Trump has announced rate increases on Friday afternoon. According to the newspaper, he could also invoke the International Emergency Economic Powers Act or punish companies in other ways, such as purchase contracts.

Trump made no further mention of his order when he announced new rates on Friday afternoon.

Advertisements

After the markets were closed, Trump weighed in by avoiding new rates at $ 450 billion in additional Chinese products. From October 1, $ 250 billion in Chinese products at a rate of 25 percent would be hit at a rate of 30 percent. And $ 300 billion worth of goods that are hit at a 10 percent rate that stares on September 1, will now be hit with a 15 percent rate, Trump Tweeted.

Wrote Harvard Law professor Lawrence Tribe: & DONALD TRUMP HAS ONLY DECLARED that American companies "are hereby instructed to immediately look for an alternative to China, including bringing … your companies AT HOME and making your products in the US ". ORDERED HERE ??! ?? WTF ?? Does the guest think he is already the dictator? & # 39;

CNBC quoted former GOP representative Carlos Curbelo and called the claim & # 39; deeply disturbing & # 39; saying that it gave the & # 39; impression of instability and chaos & # 39 ;.

. [TagsToTranslate] Dailymail