One point the executive and legislative branches have agreed upon concerns other countries subsidizing their businesses. We have complained about how Canada, Europe, and China have subsidized autos, grains, lumber, wine, cheese, steel, and a myriad of other products. We have criticized China as being a currency manipulator as a way to subsidize their businesses.

We do the same thing for our businesses. We just gave the farmers billions of dollars to compensate for the tariffs with China. That is a subsidy. We have a farm program that puts a base on farm products and an insurance to compensate for losses. We give them huge tax breaks. This is just for agriculture. It is easy to come up with subsidies of other exporting businesses. Many of them were subsidized to export jobs so we could import their cheaper made products.

How does a country like China manipulate their money? They lower their national bank’s interest rates, buy other currencies, and lower their tax rates. Does that sound familiar? Trump has cut business taxes causing the Federal Reserve to sell more debt to foreign countries. He is harassing the Fed to cut their rates.

What else is new? We always criticize other countries for doing what we are also doing. Trump and his people are saying China is trying to lower the Yuan’s exchange rate to make their products cheaper in relation to the dollar. Actually, they are trying to keep the Yuan the same rate as the dollar. Trump is the one trying to manipulate currencies.

The whole thing is just another old problem Trump is trying to recycle for his deluded supporters.