Posted on 03/07/2019 8:45:15 PM PST by cba123
Last year, we were already at a new all-time bad world record:
505 billion dollars.
This year, we outdid ourselves on buying cr*p from China, with a NEW ALL-TIME RECORD:
540 billion dollars.
Congratulations China.
Not so much, for America...
(Excerpt) Read more at census.gov ...
Do something about this.
This, and the border, were the two big reasons you were elected.
Do something!
:)
Just a smiley to show, I'm not yelling at Trump.
But really. Do something.
Sorry I mistyped the title.
That should read “Chinese trade surplus with America data just in for 2018 year-end. Worst ever.”
Excuse me. Thank you very much.
We certainly don’t buy ANY Chinese labeled foods [pumpkin filling, Mandarin oranges, other stuff].
We probably do buy “other” stuff from China, but I’ll get on reading the labels of everything this year.
Buying misc. tools at Harbor Freight is problematic, but you’d think I have enough already....
And I had a record trade deficit with Amazon last year. I bought thousands of dollars of stuff from them, and they didn’t buy anything from me. Big deal.
The real problem is that he did nothing to stop them from stealing our IP.
The vast bulk of products on store shelves int he United States are from China. The only way that you can stop “buying cr@p from China” is to stop buying anything.
We all know about iphones, but did you know that the vast bulk of Japanese, German, Korean, and English products are also made in China. Betya didn’t know that.
It reminds me of a friend who vowed that he would never use Google because of their data collection, and then he showed me how he bypasses it using Instagram... owned by Google. LOL
The genie is out of the bottle, and it’s a fools errand to try to reverse it. The solution is one of capitalism. Ya make better, higher quality products at a lower price than China. That is the American way.
It’s not hard. You just do it.
The lazy way is to force people to buy what is available. That is the Obama method of governance. Like healthcare. A tariff protects sloth. It’s good temporarily, but in the long run it is counter-productive.
https://www.freerepublic.com/focus/f-news/3732969/posts
Well, Feb numbers do show quite an improvement. Hope it’s a sign of a change.
Thanks for the view, from China.
:D
(sort of smiling there. Sort of.)
The Federal Reserve is hurting. Raising interest rates is making the dollar artificially stronger.
“And I had a record trade deficit with Amazon last year. I bought thousands of dollars of stuff from them, and they didn’t buy anything from me. Big deal.”
Libertarians. Can’t tell the difference between individuals & microeconomics, and nations & macroeconomics.
Goes hand in hand with the maxim “you can charge libertarians with nationalism but they’ll never be convicted”.
You’ll like this:
“U.S. technology companies, concerned that server power cords and plugs could be used by China to access sensitive data, have asked Taiwanese suppliers to shift production of these components out of the mainland.”
https://asia.nikkei.com/Business/Companies/Spy-fears-spread-to-power-cords-driving-shift-from-China
There’s an slightly older post that says China’s exports are down 20%. So maybe not good news for China either. Without exports to America, they’d be in worse shape.
The source you linked put the trade balance in goods at $419 billion, not $540. Also, that does not include services, where the US runs a surplus against China. But anyway, note that the trade deficit in goods has been declining since October.
This is the third month in a row that we have had this discussion. Tariffs (Trump doing something) did not start until near the end of September in 2018.
In November/December, significant changes took place in the numbers. Even more occurred in January. These February numbers are an even more pronounced downturn for the Chinese export market - accelerating, approaching a free-fall. Clearly, things have been done, and they having great effect.
Taking an average for a time frame mostly before the change (2018), will of course mask the effects of the change. If you look at what has happened since President Trump took action (October 2018), the effects are clear and dramatic.
“the vast bulk of Japanese, German, Korean, and English products are also made in China.”
The trade deals with all those countries, as well as Mexico and Canada, were all reworked last year. Not only is that going to start closing the back door to such trans-shipment of Chinese products into the USA, but significant agreement has developed among these countries about tightening the overly favorable trade conditions that China enjoyed from the time it was more of a third world economy more globally. A once in a generation adjustment of terms.
As they say in China lately (until it is quickly taken down by their army of censors), 2018 may be the worst year in a decade (since 1990 actually, according to official numbers), but it will be the best year for the next decade.
The party is coming to an end. Nothing lasts forever.
In the 1970s, the oil rich Arabs seemed to be buying up the world. In the 1980s, it was Japan. In the 1990s they said it would be a new American century. For the last decade or two, China seemed to be taking over the world. When you look at the financial fundamentals however, China is in a worse condition than any of those others, before their bubbles burst.
Instagram is owned by Facebook not google. And no, most French etc are not majority made in China. If they are, then their barcodes are different. No, China is not the cheapest for making everything. More textiles are cheaper to makr in Bangladesh and India. More high engineering tools are cheaper to make in Germany
How could this be? After all - we are in a trade shutdown due to Trump’s ongoing battles with China... or so we are told.
Must have been a one-way shutdown.
Oh you are right, sorry I quoted the wrong number. Thanks, and sorry about that.
It was 419 Billion in difference.
Still, that is a significantly bigger new world record, than the previous all-time world record trade surplus that China set against America. Last year.
Last year was already a brand new all-time world record trade inbalance, between the two countries. Last year we bought 375 Billion more from China, than they bought from us.
Now that difference once again, buries the previous inbalance by another 44 Billion.
New, all-time world record inbalance.
Ever. By any country. By any other country.
In all of recorded human history.
The difference is microeconomics are reality while macroeconomics are political voodoo used to justify a panoply of bad ideas that have plagued us over the years.
Such as the idea that it is somehow a bad thing that our economy has strengthened under Trump, putting more money in our pockets so we can buy more stuff and consequently increase our “trade deficit” with China. Because some people have an inexplicable obsession with seeing us export more than we import, as though that is somehow the definition of prosperity.
I suppose a “nationalist” will tell me nations like Nigeria and Papua New Guinea are “winning,” because they always run trade surpluses. No thanks.
You are a Free Traitor™. Simple solution, we hunt all of you down and send you to China.
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