Posted on 03/17/2019 9:26:18 PM PDT by cba123
Nope.
Last year. The year which just ended. America once again set an all-time world, anywhere, with anyone, record trade deficit.
With China.
A new all-time, world record. The latest, because it was already a new world record, the previous year.
This year, it was ANOTHER 44 billion dollars higher, than even then.
Our economy is NOT strong, we are running a massive trade deficit, a massive budget deficit, and all the numbers are heading the WRONG DIRECTION.
Trump did not cause this, presidents from BOTH PARTIES have been selling out America for the entire last generation and a half.
But it is long past time, for us to end it.
Long past time.
Oh, here is the current trade deficit with China.
https://www.census.gov/foreign-trade/balance/c5700.htm
Awful.
How are we doing well?
Our budget is massively out of balance, and we no longer make things.
Why do you keep talking like Trump isn’t working to make it right? I keep thinking of the phrase about looking a gift horse in the mouth whenever you post...Trump is the best thing that could have happened for us and yet so many ingrates keep looking for the flaws instead of supporting the man’s fight.
I am ALL FOR Trump.
But it is still, not improving.
It is time.
Don't you mean yup?
I said nothing in my reply contrary to what you state.
Yup.
I have posted long and hard about the necessity to stop our headlong rush over the debt cliff, and I agree that our manufacturing base has been hollowed out.
But as far as our ability, temporarily, to buy from China or Europe or elsewhere is concerned we are in a better position today under Trump than that we were under Obama so we are buying more. Our GNP is up. That does not mean that the overhang of the debt and the outsourcing trends don't make a looming catastrophe. It just means that we bought more recently.
China is relatively weaker in that they have sustained a reduction in the rate of growth of their GNP and it is clear that they have cut back on materials which they use to make the goods which they sell to us and elsewhere. Also it is likely that they have cut back on the comestibles that they buy from us and elsewhere. I do not propose that this is a solution to this very grave problem. I simply want us to factor in some of the facts.
China started to steal American technology long before 1980. I was working for a firm manufacturing heavy machinery and we had a visitor team of 50 Chinese engineers in mid 1970’s for over a month. They only bought the engineering manuals and none of our manufactured products. The company was going through a low volume cycle, and the owner decided $25 Million (inflation adjusted) was easy money for handing over a bunch of manuals and paper drawings.
The Chinese have been planning the huge expansion of their manufacturing infrastructure for a long time.
It is IMPOSSIBLE to improve without a drastic action by Trump of across the board big tariffs. But that will cause the business sector to rebel violently. Because it will hurt lot of businesses SHORT TERM. US business seldom thinks long term.
There can not be a win-win result with any China deal by NEGOTIATIONS. The Chinese can not afford to give up export business. They can not sustain millions upon millions of workers suddenly unemployed.
Right now USA is getting the short end of stick. If we win, China loses. If we do nothing, China keeps winning. Which is why I am surprised the stock market is under the delusion that a great deal will happen through current negotiations.
It is hard to imagine a Chinese company getting fined for not hiring a non-Chinese. Just saying.
Slap a 250 dollar tariff on imported jeans. Problem solved.
China is trying to do to us what we did to he USSR, economically destroy us and then gain world hegemony. The gooks have no intention of easing up. Hell they are pouring it on.
We need an across the board 25% import tariff NOW! Where are the tariffs you promised us on March 1st MR. President?
Two things, that is lie and a scare tactic. Secondly you Free Traitors™ always look at textiles as an example. Textiles are an outlier in manufacturing most manufacture labor is tiny part of the retail price.
After a tariff prices will be higher. Much higher at first them lower later on as domestic supplies kick in. The higher cost will be the difference in US labor/regs minus cheaper shipping costs. I'd estimate 5-7% higher. But quality will go up too. Yes, the one time inflation is worth it to me and a lot of other patriots.
The 30 year globalist experiment in "Free Trade" is an abject failure. Why? because the rest of the of world did't play along and used us you idiot.
You cannot place US workers in direct competition with 3rd world peasants
Why we needs a tariff to level the playing field, or become an agriculturally oriented 3rd world country.
Only a few of us see that we are in a Cold War with China.
Great idea. Looms in the USA would be spinning like mad 7x24!
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