Scott Praises Trump’s Pressure on China
FeaturedFloridaFlorida Politics

Scott Praises Trump’s Pressure on China

370
0
0SHARES

As tension between China and the United States rises, President Trump and his administration have enacted pressure.

In response, Florida Senator Rick Scott (R) today praised the President’s efforts, declaring that the President is “taking strong action to hold China accountable.”

In addition, Senator Scott detailed that “China has autonomy and freedom. Now more than ever, the President must be aggressive and stay strong against China.”

Trending: Mucarsel-Powell questions Trump’s hurricane preparedness

As well, he asserted that “we have to continue putting economic pressure on China, while doing everything we can to support U.S. taxpayers and job creators.”

take our poll - story continues below

Which Democrat will drop out of the race next?

  • Which Democrat will drop out of the race next?  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Floridian Press updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

The statement comes at a time when China is facing economic difficulties as a result of the economic war with the United States.

According to China’s National Bureau of Statistics, their industrial production grew just 4.8% in July compared to the growth in 2018. This marks the worst growth for the sector in 17 years.

In addition, the United States announced this week that it would postpone new tariffs on several categories of consumer goods made in China until December instead of imposing the tariffs in September as was originally planned.

Last week, the Trump administration designated China as a currency manipulator.

Steve Mnuchin, the Treasury Secretary, detailed that “China has a long history of facilitating an undervalued currency through protracted, large-scale intervention in the foreign exchange market.”

Mnuchin added that “in recent days, China has taken concrete steps to devalue its currency, while maintaining substantial foreign exchange reserves despite active use of such tools in the past.”

Wilbur Ross, the Commerce Secretary, announced that the United States and China have not determined the next date when they’ll hold face-to-face trade talks.

As the tension escalates between both countries, the world will be watching as the trade war develops.

0SHARES
Tagged:
Daniel Molina

Daniel Molina was the Opinion Editor of his high school’s newspaper, and he was also Editor-in-Chief of Miami Dade College’s Urbana literary and arts magazine wherein he also won the 2013 FCSAA Best Fiction Story in the State of Florida Award. He’s currently pursuing his Bachelor’s in English Literature. Hobbies in his free time include reading, writing and watching films and basketball.

Screen Shot 2019-11-07 at 6.51.44 PM
FeaturedOpinion
Close Loophole that lets Teens buy E-Cigarettes Online
Florida’s Democratic firebrand Nikki fried wins cabinet spot
FeaturedFlorida Politics
Florida’s Democratic firebrand Nikki fried wins cabinet spot
The tumultuous 2018 mid-term election cycle in Florida is finally over, and both [...]
Screen Shot 2019-02-14 at 2.22.07 PM
Email FeaturedFeaturedFlorida Politics
McClain Receives AFP Economic Award
“There’s no question that prosperity and economic opportunity could quickly be [...]