China is now running the largest trade surplus with America, between any two countries, in the history of our world.
EVER.
https://census.gov/foreign-trade/balance/c5700.html
(includes October)
Doesn’t it ALWAYS get worse in Nov & Dec? Nov is Black Friday Month. And Dec is even more Xmas shopping
China attacks Main Street.
When will they attack Wall Street? Or is that currently happening?
It’s a commie plot. No, seriously,
Need more "Made in America"
Stopping the Chinese from using us in their quest to become the most powerful nation on Earth was never going to be painless, and was never going to be a short-term endeavor.
The Christmas rush.
...Trump really needs to do something about this....
Im all ears.
The Christmas Rush of a very prosperous year looks to be a big factor to me. Trump has already addressed this problem so lets see what china does and how Trump reacts.
Trump and his ally David Perdue are subsizing the import of containers of Chinese crap by subsidizing the Savannah-Brunswick port. This makes no sense.
U.S. Manufacturing Capacity Increases for 16th Month in a Row
http://www.freerepublic.com/focus/f-news/3711578/posts
Elephant in the room is it would have been worse without what PDJT is doing.
This makes sense. China has been raising tariffs on our goods, and not buying as much of our stuff as possible. After we get a deal it will even out. They have already agreed to buy agricultural goods, so this will start to go down.
Didn’t Hussein recently take credit for all of this?
So the U.S. trade deficit with China widens even as our manufacturing capacity has grown.
These trends are actually related. U.S. manufacturers use a lot of imported raw materials and assembled components. So almost every single new item manufactured here will actually generate MORE imports.
Stop agonizing over this, dude. Please come back from Vietnam and help Make America Great Again. :-)
He already has done something about it. You don’t reverse course overnight.
You keep repeatedly posting these deficit stories and proceed to criticize President Trump. What is your ultimate agenda?
What would you do different?
This is related to the tariff originally scheduled to rise to 25% (from 10%) on January 1. Since the average manufacturing profit is around 5% of sales, that tariff increase is a huge %, and well worth stockpiling goods in stateside warehouses before it takes effect.
The corollary is that the first month the 25% tariff takes effect might see Chinese exports to the US (iPhones, Black and Decker drills, HP laptops) at a decade-long low, given the warehoused goods already in place. If the tariff does take hold and continues for any length of time, the deficit will move to countries other than China, probably neighbors that have between 1/3 and 1/4 Chinese labor and land costs, which have gone up perhaps 10x in the last 30 years.
Wasn’t a lot of this due to front-ordering by retailers to be the increased tariffs? If this gap still widens in a couple of months, then we need to take another look at it. I’m thinking it’s the “pig in the python” thingy.