Donald Trump Discusses China Trade Deal and Alleged Bank Discrimination

China Trade Relations

• 🇨🇳 President Trump stated that he did not initiate the meeting with President Xi, but rather Xi called for it.
• 🤝 A meeting is likely before the end of the year if a deal is made; otherwise, there is no purpose for a meeting.
• 📈 Trump mentioned that tariffs on China were as high as 145% at one point, but he has since reduced them.
• 📉 He believes China was collapsing under the high tariffs and that China is very reliant on the United States.
• 🗣️ Trump described his relationship with President Xi as good, except for a period of anger following the COVID-19 outbreak originating from Wuhan.

Allegations of Bank Discrimination

• 🏦 The Wall Street Journal reported that Trump is preparing an executive order to punish banks for discriminating against conservatives.
• 🚫 Trump claims that banks, specifically JP Morgan Chase and Bank of America, discriminated against him after he left the presidency.
• 💰 He recounted having hundreds of millions of dollars in cash with JP Morgan Chase but was told to leave after 35-40 years of banking with them.
• 🏦 Similarly, he stated that Bank of America showed zero interest in opening accounts or depositing over a billion dollars after he was no longer president, despite previously being very accommodating.
• 💸 Trump ended up using smaller banks all over the place, depositing smaller amounts due to the alleged discrimination.
• 🎯 He believes banks are afraid of regulators and suspects that the Biden administration, or radical left individuals surrounding them, instructed banking regulators to do everything possible to destroy him.