logo

Trump adamant on shutdown while China beats Trump despite efforts

us congress crypto bill

Donald Trump, the President of the United States, has once again decided not to call of the government shutdown. The proposal was moved by Senator Lindsey Graham. The idea was to temporarily lift the ban while negotiations are carried out however POTUS decided to reject the idea despite entering the twenty-fourth day of the shutdown.

On the other hand, China has managed to increase its business from the United States despite Trump trying his best to downsize Chinese business interests and profits in the United States of America. He expressed that despite his desire for a solution, he rejected the proposal for a temporary end to shut down because it’s the Democratic member’s fault. The logic, they are not voting for what the POTUS so very much desire and therefore are the reason.

People have dared call the refute childish on the government’s part since the money he is asking for is an outrageous sum of almost six billion dollars ($5.7) that the Democrats see getting wasted on something that is invaluable to the country. This is all in addition to the money China has continued to make from the United States of America despite all Trump efforts.

Trump has gone to great lengths in order to curb Chinese business in the country and that includes passing a bill just to re-classify Chinese cryptocurrency mining gear into a higher tax slab product. On the other hand, DOW is seeing a rise in the market unaffected by the news of a continued shutdown which is now entering a deadlock.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

Related News

Hot Stories

Ethereum price analysis: ETH wobbles near $1,700 as bulls desperate to touch $1,800
Bitcoin, Binance Coin, Tron, and FTX Token Daily Price Analyses – 7 August Morning Price Prediction
Bitcoin price analysis: Tug of war between bulls and bears keeps BTC below $24k
Elon Musk drags Twitter to court for fraud
Crypto Experts Favorite Choices For August: Gnox (GNOX), Cosmos Hub (ATOM) And Chain (XCN)

Follow Us

Industry News

Elon Musk drags Twitter to court for fraud
Binance CEO Urges To Move Funds From WazirX To Binance
Bitcoin falls to $23K on U.S. jobs report
How are the top cryptocurrencies selected?
Voyager Digital set to refund users with a $270 million fund