US President Donald Trump's statement on China appears to have shaken stock markets around the world, with stocks falling significantly in recent hours.
Trump has denounced China's hostile behavior towards other countries through a statement on social media. He says that China has sent letters to many countries around the world, attempting to influence them on what they can produce or export, in order to secretly control markets around the world.
"There is no way China should be allowed to hold the World "captive", but that seems to have been their plan for a long time," Trump said, among other things.
Trump's statement:
Some very strange things are happening in China!
They are becoming very hostile and are sending letters to countries all over the world.
That they want to impose Export Controls on every element of production that has to do with Rare Earths.
And practically anything else they can think of, even if it's not made in China.
No one has ever seen anything like this, but, essentially, it would "lock up" the Markets and make life difficult for practically every Country in the World, especially China.
We have been contacted by other countries who are extremely angry about this major Trade hostility, which came out of nowhere.
Our relationship with China over the past six months has been very good, making this move on Trade even more surprising.
I always felt like they were waiting and now, as usual, I've been proven right!
There is no way China should be allowed to hold the World "captive", but this seems to have been their plan for a long time.
Starting with the "Magnets" and other Elements that they have quietly amassed in a somewhat Monopoly-like position, a rather wicked and hostile move, to say the least.
But the US also has Monopoly positions, much stronger and broader than China's.
I just haven't chosen to use them, there's never been a reason to do so - UNTIL NOW!
