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Trump Tariff Threats Suck! US is doomed! China will Rule the World!

By NoCoupForYou follow NoCoupForYou   2020 Jan 9, 12:28pm 204 views   9 comments   watch   nsfw   quote   share    

Exports to China spiked 13.7 percent as imports fell by 9.2 percent, pushing the U.S.' trade deficit with China down by 15.7 percent to $26.4 billion. The trade deficit with the European Union narrowed by 20.2 percent $13.1 billion. President Trump has long referred to the trade balance as a scorecard of sorts for how the trade war is progressing.
1   Ceffer   ignore (4)   2020 Jan 9, 12:31pm     ↓ dislike (0)   quote   flag        

Please stop documenting these Trump successes. It is unseemly and un-American!
2   SunnyvaleCA   ignore (1)   2020 Jan 9, 1:53pm     ↓ dislike (0)   quote   flag        

Yeah, and Apple hit yet another all-time stock high today. Well... that makes me happy at least!
3   marcus   ignore (12)   2020 Jan 9, 3:00pm     ↓ dislike (1)   quote   flag        

Can you say cherry picking ? Not sure what they're looking at. I do see an improvement from a year ago when it was the worst it had been since what, 2006 ?

Looks like it's getting back in to at least Obama levels. But hard to factor in all the subsidies that it required (yes I know, revenue too).

Note: Because of what I've heard some of you saying in the past, let me remind you, as long as the graph is negative, down is bad up is good.

4   Hircus   ignore (0)   2020 Jan 9, 6:08pm     ↓ dislike (0)   quote   flag        

I think it's important to keep in mind that a booming American economy with rising wages makes Americans spend, and while I don't have data to back it up, I have a gut feeling that discretionary income tends to get spent on importing foreign goods - lots and lots of cheap shit from China that were so addicted to.

All else being equal, this is likely to hurt the trade imbalance because it sure ain't gonna increase our exports.

So, just looking at the trade balance doesn't elucidate the whole story. This is a somewhat good reason for the trade imbalance to be going the wrong direction.
6   NoCoupForYou   ignore (5)   2020 Jan 9, 6:49pm     ↓ dislike (0)   quote   flag        

marcus says
Note: Because of what I've heard some of you saying in the past, let me remind you, as long as the graph is negative, down is bad up is good.

Gee, that must mean 2009 was a great year for Americans.

It's interesting that before we had Free Trade with China, our Trade Deficit was almost negligible.

Maybe we should reverse the one-way trade regimes put in place since then, I know it's crazy to think that policy actually drives economies.
8   Goran_K   ignore (3)   2020 Jan 19, 8:04am     ↓ dislike (0)   quote   flag        

Booger says

Time to come home Kanye!
9   HEYYOU   ignore (46)   2020 Jan 19, 11:23am     ↓ dislike (0)   quote   flag        

Stupid RepCons!

"The Trump administration made only a small cut in tariffs on some Chinese goods, leaving in place hefty 25% duties on about $250 billion of imports from China. Beijing made no change in tariffs it has slapped on American products."

So Dimwit will send $30,000,000,000 more to midwest farmers while RepCons in the Rustbelt & coal mining states get nothing.

“That means that the fundamental tensions between the U.S. and China will not subside, even if the administration has achieved some incremental progress as well as met certain political goals that could calm the relationship for the short-term,”

Communist Republicans will continue to buy Communist exports. Republicans are stupid beyond imagination.

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