China has taken over US economy: Trump

Asserting that China has taken over the American economy, Republican presidential front- runner Donald Trump today said the US has become very vulnerable and is no longer controlling its destiny.
"We've let China take over our economy. We are very, very vulnerable. We are no longer controlling our own destiny. We are the big sphere of other countries all over the world that control us and they're manipulator," Trump told the Fox News.
In an interview to the US channel, Trump gave his analysis of why the stock market is selling off and there is turmoil all around the world.

Trump alleged that because of its policies, the US has lost millions of jobs to countries like China and Japan.
"They have a tremendous power over manipulation of their currencies, and we are into that web and even though we're not manipulators because we're not smart enough to be manipulators, believe me, our leaders are not smart enough, we are nevertheless in the manipulation business because of the fact that some of the great money changers of all time are people that were wedded with them," he said.
"When you start with the fact that we're allowing other countries to take our businesses out of this country, if you look at the businesses that we've lost, it's vast. It's countries. We've lost millions and millions of jobs and the jobs we have now are not good jobs," Trump said.

Describing the US as the highest taxed country in the world, Trump said businesses are leaving the United States.

"The United States, right now, is going to lose tremendous numbers of companies," he said, adding that Pfizer is now moving to Ireland because they get lower taxes and other reasons and they want to get their money back.
"You know, there's a lot of money outside of the United States that these companies can't bring back. It's their money, they can't bring the money back. And because they can't bring it back, some companies aren't even leaving for taxes. They're leaving to get their money, if you can believe it," he said and estimated that money to be between USD 2.5 trillion and USD 5 trillion.

Trump said the American economy is not growing at all, even if it could be at the four per cent growth level.
(Reopens FES 103)
Trump continued to tweet at regular intervals today.
"Disloyal Republicans are far more difficult than Crooked Hillary. They come at you from all sides. They don't know how to win - I will teach them!," he said in a tweet.
"With the exception of cheating Bernie out of the nom the Dems have always proven to be far more loyal to each other than the Republicans!," Trump said.
"It is so nice that the shackles have been taken off me and I can now fight for America the way I want to," the Republican presidential nominee tweeted.