Trump Said That China’s Currency Manipulation Would Be “Devastating” For The U.S. “Republican presidential candidate Donald Trump on Tuesday said China's devaluation of the yuan would be ‘devastating’ for the United States. ‘They're just destroying us,’ the billionaire businessman, a long-time critic of China's currency policy, said in a CNN interview. ‘They keep devaluing their currency until they get it right. They're doing a big cut in the yuan, and that's going to be devastating for us.’” [Reuters, 8/11/15] Trump Said That China’s Devaluation Of Its Currency Would “Suck The Blood Out Of The United States!” “The speech started with a riff on China's currency devaluation, which Trump tried to put in layman's terms: ‘Devalue means, suck the blood out of the United States!’” [Washington Post, 8/11/15; Genesee and Saginaw Republican Party's Lincoln Day dinner, 8/11/15] YET TRUMP SOLD GOODS THAT WERE MADE IN CHINA… HEADLINE: “Donald Trump Sells Chinese Goods Despite Accusing China of Stealing US Jobs.” [ABC News, 6/17/15] ABC News: “In His Campaign Kickoff On Tuesday, Donald Trump Blasted Cheap Chinese Goods — But He Has No Problem Putting His Name On Them And Selling Them.” “In his campaign kickoff on Tuesday, Donald Trump blasted cheap Chinese goods — but he has no problem putting his name on them and selling them. The day after his tirade, the Trump Store inside the Trump Tower on Fifth Avenue in New York boasted an array of imported goods, including teddy bears and T-shirts from China alongside products from Haiti, Nicaragua and Lesotho. Trump mentioned China two-dozen times in the opener to his 2016 presidential bid, accusing that country and Mexico of putting Americans out of work. ‘They can’t get jobs, because there are no jobs, because China has our jobs and Mexico has our jobs,’ Trump said.” [ABC News, 6/17/15] AND SAID HE PROCURED HIS BUILDING MATERIALS FROM CHINA Trump Said That He Buys Chinese Products Because They Are Cheaper.KING: “Do you know your wife sells a jewelry line on QVC?” TRUMP: “That's true. And you know what else -- can I give you--” KING: “Do you know every piece of jewelry -- every piece of jewelry is made in China?” TRUMP: “Can I tell you what else? I build my buildings, unfortunately, because companies can't compete because they manipulate their currency. So China makes jewelry and they make curtain walls and they make lots of other things and it shouldn't be that way, John. We should be making it.”KING: “People will ask, is this guy a hypocrite? He's out there beating up on the Chinese and his wife is making money selling products made in China.” TRUMP: “Because of the fact that China manipulates their currency. And they really manipulate it big league. And our people aren't smart enough to know what's going on. When I order curtain walls for a big beautiful building, when I order other things, you know what happened with the sheetrock, because the good news is we make better products than they make in China. But when I order -- can I talk? When I order various elements for building a big building, many of them come from China. Many other industries, the same thing. These -- it comes from China. You know why? Because they manipulate the hell out of their currency.” [John King USA, CNN, 4/27/11] Confidential Page 183
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