Posted on 09/05/2018 8:00:15 AM PDT by oincobx
The Commerce Department says the deficit in goods and services — the difference between what America sells and what it buys from other countries — rose to $50.1 billion in July from $45.7 billion in June. Exports slipped 1 percent to $211.1 billion. Imports increased 0.9 percent to a record $261.2 billion.
(Excerpt) Read more at foxnews.com ...
Trade flows are very long-term phenomena. Corporate buyers have extensive supply-lines and contacts which don’t change overnight.
Trump has given American business, the world, (and especially China) warning. This unequal situation, which has been going on for 30 years, but is now becoming critical and strategic, will change.
One interesting thing to note is that until the income tax was instituted in the first years of the 20th century—the federal government got their revenues from tarriffs on foreign goods shipped into the USA.
Trump fully plans to impose tarriffs on 200 billion in chinese goods this week or next.
I wonder how much revenue that will bring to the federal government.
So the solution is to stay the course and repatriate manufacturing BACK to the USA. win - win. THINK LONG TERM and strategically and not short term like these fatally myopic Free Traitors™ do.
What Free Traitors™ want you to believe is that the supply function is static and no new domestic suppliers will EVER come on line. Despite their best efforts brand new factories are still being built in the USA all the time. Not as many as are closed mind you but the situation is dynamic and not static. With more domestic supply will mean pressure to reduce prices.
The mental midgets we lovingly call Free Traitors™ are some of the stupidest people on earth.
It’s pretty easy to figure out. If the tariff is 5%, then 5% of $200 Billion is $10 Billion. Not much but enough to cancel out the “benefit” of using overseas slave labor.
I can always identify a loser here on FR because he's the one who takes a simple factual statement and reads whatever he wants into it -- to feed his pathological obsession with whatever single issue motivates him to get out of bed in the morning.
Um, I didn’t direct this at you specifically. So do you consider yourself a Free Traitor™ LOL!
Since the purpose of tariffs is to discourage foreign imports in favor of domestic goods then the goal should be zero.
Imagine that. LOL.
My apologies if that was not your intent, VA. :-)
Insults are not an argument. But the stupidest people might be the ones that think a trade deficit is some kind of loss.
You have been economically brainwashed into NOT believing an inconvenient truth, trade deficits are a disaster, or plain stupid.
A big problem is getting enough businesses to be confident that the changes will “stick”, long term, making it worthwhile to build new factories in the US.
It is questionable that we even have the perseverance to defeat Radical Islam — and those people want to KILL us.
So, say I had the $$ (yeah, right) & want to build a cold forged steel parts plant (something I know a little about) that can compete (even with, say, 25% tariffs) against the jaw-dropping, immense, state-of-the-art factories in China? Do I want to risk that kind of money on the assumption Trump wins in 2020, and Pence in 2024 and 2028?
This is not just tariffs — it is regs, taxes, health care costs, etc...
There is no alternative BUT to repatriate all industry.
Back at ya.
You have a trade deficit with the grocery store. You buy stuff from them but they don't buy anything from you. Are they stealing from you? Would you be better off not trading with them?
But you have a trade surplus with your employer. They buy your services but you don't buy theirs. Are you stealing from them?
A trade deficit is not a loss. It simply means we're getting more stuff from one country than they get from us. It's perfectly normal and reasonable to have trade deficits with some countries and trade surpluses with others, as we do. It's a good thing.
This railing against trade deficits is economic ignorance.
BTW My employer, grocery store et al are AMERICAN entities. They are not a foreign entity sucking up dollars and de industrializing the USA. SEE THE DIFFERENCE? No you don't because you are stupid beyond description or a globULList, same thing.
The reason why the Republicans struggle to gain AND KEEP a majority is because a tiny sliver of the electorate, Free Traitor™ globalists ( Bushies. Lie-ber- terrorists), dominate the leadership of the party. Until they get the boot from leadership position, the Republicans will always struggle, when they shouldn't have to.
Free Traitors™ are burden to the party.
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