Posts

Showing posts from January 25, 2011

Trump's ire on China nixed

Image
American property developer Donald Trump has accused China of "ripping off the United States." His negative comment came at a time when China's President Hu Jintao visited Washington D.C. as an official guest of President Obama recently. His negative comment was considered timely. Or was it meant to drum up his political plans where Trump was reported to be planning to join the presidential race comes 2012? The issue that Trump was trying to play up was immediately snatched by the media considering his popularity in the international and domestic business communities. But many people, particularly the pundits, are asking as to his intention of poking his ire against China. And who wouldn't? China's trade surplus with United States is now estimated to have totaled $236 billion. Until now, the Obama administration is left with no choice but to use its diplomatic and economic initiatives to convince China to devalue its currency to no avail. In the CNN news poll, 61