PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia is pointing to the United States being in a very strong position and that China has everything to lose the longer we go without a trade deal.
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on about 650 television and radio stations nationwide.
“This is a China regime that is desperately trying to save face,” Celia said. “They know, if tariffs continue, it will hurt them in the long run. This is a government that doesn’t care a lick about human rights and their children that are starving. China has everything to lose. We have very little to lose. If the tariffs drag on will some of our manufacturers have to regroup? Yes. However, I am confident we will get it done because it’s the private sector that’s going to have to do it—not the government. The private sector will react much more quickly.
“ I agree with President Trump that the United States is the piggy bank,” he continued. “Here’s the interesting thing about being the piggy bank. We’re the place everyone wants to go to. So how hard is it to make a deal—when you’re holding all the cards? China should be the easiest deal of all because they created an environment where they have no ammunition. They didn’t want us. They didn’t want any of our products in their country. They wanted to keep them away. So it created a huge imbalance where they’re taking nothing we make and we take much of what they make. Now they’re struggling. Do you know that the United States exports 76% more goods to Mexico than we do China? Mexico we need and that would have been a problem. China isn’t that much of a problem as far as goods go.”
Read more about Celia, FISM and “Financial Issues” or visit the FISM website, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues; download the FISM app here.
To interview Dan Celia of Financial Issues Stewardship Ministries, contactMedia@HamiltonStrategies.com, Patrick Benner, 610.584.1096, or ext. 104.