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


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2020 Jan 9, 12:28pm   886 views  8 comments

by MisdemeanorRebel   ➕follow (12)   💰tip   ignore  

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.

https://www.foxbusiness.com/markets/trade-deficit-smallest-october-2016?fbclid=IwAR29eyg-onwW6b7Xx7Mha_CeEZQDwLOMkrK7gZWJVwc2RIkDUHdUSQbcIus

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1   Ceffer   2020 Jan 9, 12:31pm  

Please stop documenting these Trump successes. It is unseemly and un-American!
2   SunnyvaleCA   2020 Jan 9, 1:53pm  

Yeah, and Apple hit yet another all-time stock high today. Well... that makes me happy at least!
3   marcus   2020 Jan 9, 3:00pm  

:
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   2020 Jan 9, 6:08pm  

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   MisdemeanorRebel   2020 Jan 9, 6:49pm  

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   2020 Jan 19, 8:04am  

Booger says


Time to come home Kanye!

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