Assets Quote by Donald Trump
“In the trade pact you know that was recently agreed to, I said you have to talk about devaluation. Because that's been their [China] single greatest asset in terms of what they are doing to us.”
About This Quote
The trade agreement’s hidden risk is devaluation, which China leverages as a strategic advantage against us.
In simple terms: Devaluation is a key tool in the trade deal.
Watch for currency impacts in trade.
Themes
Mood
Type
When to use this quote
- policy analysis
- investment decisions
- foreign relations
- business strategy
Key Concepts
Questions to Reflect On
- What other elements of the pact could affect us?
- How can we mitigate devaluation risks?
Focusing solely on devaluation may overlook other economic factors.