November 19, 2019 11:21 AM RSS

Trump May Have Lied About Talks with China to Bluster the U.S. Stock Market

  • Wall Street Rebel | James DiGeorgia
  • 08/26/2019 1:03 PM
Trump May Have Lied About Talks with China to Bluster the U.S. Stock Market

Chinese official denies any knowledge of the two phone calls President Trump claimed took place asking U.S. trade negotiators to “let’s get back to the trade table.”

 

By James DiGeorgia

During a Q&A by the international press at the Group of 7 meetings in Biarritz, France, President Trump said the prospects for a deal with China are better now than at any time since negotiations began last year saying “our trade people and said let’s get back to the table.”

Trump said last night China called him after asking in a tweet on Friday who was the United States worst enemy President Xi Jinping or Federal Reserve Chairman Powell? He flipped once again and lauded President Xi Jinping as a “great leader” and said “anything’s possible” after being asked if he would delay tariff increases in China.

“You can say we’re having very meaningful talks, much more meaningful than I would say at any time frankly,” Trump said while meeting with German Chancellor Angela Merkel sitting by his side on Monday…

“Maybe I’m wrong, but we’re in a stronger position now to do a deal, a fair deal for everyone,”

China’s Foreign Ministry wouldn’t confirm the details of the phone calls on Monday or even if they took place. However, Hu Xijin, editor-in-chief of China’s Global Times newspaper, said in a tweet that top trade negotiators hadn’t spoken by phone in recent days and that Trump was exaggerating the significance of the trade contacts.

Alt:[Twitter Hu Xijin Phone Calls]

China repeated its hopes to resolve the trade war with the U.S. through "calm" negotiations and is not seeking to escalate tensions, Vice Premier Liu He said Monday, according to Reuters.

"We are willing to resolve the issue through consultations and cooperation in a calm attitude and resolutely oppose the escalation of the trade war,"

"We believe that the escalation of the trade war is not beneficial for China, the United States, nor to the interests of the people of the world."

However, Liu did not acknowledge phone calls cited by President Trump and made no mention of the possibility of retaliation to Trump’s latest tariff hikes. Meaning, of course, the Chinese could retaliate as it has done every time President Trump has imposed another round of tariffs.

The Dow Jones jumped 250 points on the open Monday in large part to President Trump’s encouraging words and his assurances that trade talks are continuing. He claimed on Sunday in France that the two sides have been negotiating all along via video conference.

According to the Washington Post, President Trump has lied or misstated facts over 12,000 times since being elected. Did the president lie about the negotiations after the 600+ point sell-off in the Dow Jones on Friday?   If the president was trying to stem the decline on Wall Street the logical question becomes, did he lie to the press to stem a Monday morning stock market meltdown after admitting he had second thoughts about not increasing tariffs more than he did on Friday?

Anyone, including the President of the United States, intentionally using his government position in an attempt to manipulate the U.S. equity, bond market and or currency markets would be committing a felony. Meanwhile, Trump lawlessness goes unabated as he tries to sell his Miami Doral Golf Country Club as the venue for the next year’s G-7. The funneling of tens of millions of dollars through his country club to hold the event there would potentially be another violation of the emoluments clause of the U.S. Constitution.

Meanwhile, over the weekend, Senator Elizabeth Warren drew crowds to three campaign events that were estimated to be more than 10,000 to 15,000. Expect a series of insulting Pocahontas Tweets as soon as Trump realizes she may be able to fill stadiums.



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