Soybeans are our largest export and China normally buys a lot. They need to be buying more than soybeans. They need to be buying products until the trade deficit disappears.
This hoarding cash from selling us products and then using it to buy our debt and our equities isn’t going to fly much longer. Trump is going to put a stop to it or he is going to tariff the heck out of Chinese products.
No he won't.
So DannyTN buys a condo from Trump. Does DannyTN now have a “trade deficit” with the Donald?