Posted on 04/05/2018 8:05:32 PM PDT by cba123
The headlines on most financial publications claim the United States and our current administration is lighting the fuse to a trade war.
The first shot across the bow came many years ago when China joined the World Trade Organization and its central and provincial governments began subsidizing manufacturing and production of goods in high volumes thus leaving manufacturing sectors in the west at a disadvantage.
President Donald Trump vowed to remember those who were forgotten in the last 10 years and to make changes in policy.
(please see link, for full article)
(Excerpt) Read more at newsmax.com ...
$375 million, was our trade deficit with China last year. An all-time record high.
That is far, far too high.
It was $347 BILLION in 2017, not million. $375 million is tip money.
https://www.census.gov/foreign-trade/balance/c5700.html
Sorry.
My mistake, I knew that too.
$375,000,000,000
375 billion. You are right, thank you.
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