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To: cba123
What drove American production offshore, was in large part, simple greed.

I think you mischaracterize the dilemma of the manager facing sales losses to cheaper widgets imported by his competitor. Either he takes his business offshore or the vultures of Wall Street will read his next quarterly report and come in for the kill. Thus, a vicious cycle of outsourcing accelerates, generously stimulated by our tax laws and our domestic regulations.

I am not sure all of the assumptions in this article, however, are factually correct when it comes to describing the extent and basis of Chinese trade margins and our trade negatives. It could be that our economy under Trump is doing very well and we are therefore rich enough to export more and the Chinese economy is doing relatively poorly compared to recent years and they are, therefore, importing fewer American goods and basic materials.


20 posted on 03/18/2019 3:27:00 AM PDT by nathanbedford (attack, repeat, attack! Bull Halsey)
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To: nathanbedford

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.


21 posted on 03/18/2019 3:47:29 AM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: nathanbedford

Why we needs a tariff to level the playing field, or become an agriculturally oriented 3rd world country.


37 posted on 03/18/2019 12:59:59 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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