China’s rise and the US emasculation of its own industry in favor of Wall Street, debt and financialization has been a 30+ year process.
So what? I have a trade deficit with Best Buy, and the grocery store. None of us are the worse for it.
I have some doubts about this source, anyway. Another article says ...
Experts recommend exchange traded funds for millennials as they tend to have lower fees than mutual funds and they trade like individual stocks.
Horrible, horrible advice. With an exchange traded fund, you don’t actually have a NAV (net asset value) underpinning the shares you own. The market determines what your fund share is worth, meaning you are exposed to high volatility. There’s a reason ETFs have lower fees.
Does this change when the tax bill goes into effect?
These things take time. There is a lot on our plate (North Korea, EU, Middle East, GOP obstruction, etc.). Our economy is clearly doing well. In time, I expect that our trade deficit with China will be adjusted. I’m not going to complain that this hasn’t been achieved in the President’s first year.
Apparently your weak analysis may be a tad premature.
Right now, I would think, the higher priority is either bringing pressure on North Korea or paving the way to turn their ass into a glowing parking lot, either will take the assent of the Chinese.
I’m as pissed at our taking it up the wazoo from the Chinese as anyone, and have been for years, but priority one right now is to eliminate the chance of an EMP blast or dirty bomb. Turning around the trade deficit is going to take time and China is still bitter about how The West treated her in the Opium wars and is never going to roll over again.
Probably because our economy has gotten better over the past year, so people are buying more stuff including stuff made in China.
As for me, I'll make every effort to buy American made when I can.