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Trade Deficit on Track to Grow by $100 Billion Under Trump (Trump you were elected, on this)
Newsmax Finance ^ | December 7, 2018

Posted on 12/07/2018 4:31:14 PM PST by cba123

click here to read article


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To: DoughtyOne
"The two presidents instructed their economic teams to work toward the direction for removing all tariffs for win-win outcomes and mutual benefit..."

But since that's been reported we have:

"But the White House has now backpedaled, acknowledging there was no deal in place to roll back automotive tariffs. Trump himself on Tuesday tweeted there "probably will" be a trade deal to follow the dinner meeting..."

Never count your Chinese promises until they're fulfilled (Confucius say).

41 posted on 12/07/2018 6:47:42 PM PST by semimojo
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To: cba123
I didn't ask you that. Where are you posting from?

I am an American, born and raised ... AND I LIVE HERE.

FYI ... "Alberta's Child" is a song by the Canadian country music legend Ian Tyson.

42 posted on 12/07/2018 6:47:56 PM PST by Alberta's Child ("The Russians escaped while we weren't watching them ... like Russians will.")
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To: editor-surveyor

True words


43 posted on 12/07/2018 6:49:44 PM PST by Nifster (I see puppy dogs in the clouds)
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To: depressed in 06
Trump was elected to throw Bolshies in jail. Alas, he is failing miserably.

It's almost as if he didn't realize how hard it would be.

Crazy, huh?

44 posted on 12/07/2018 6:58:48 PM PST by semimojo
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To: semimojo

I would agree with that, but what would you take away from that WSJ article?

I reported it to you exactly as was stated. Trump said it, and the Chinese agent seemingly backed it up.

I don’t dispute your point either.

It isn’t over yet.

We’ll see how it turns out in the long run.


45 posted on 12/07/2018 6:59:17 PM PST by DoughtyOne (01/26/18 DJIA 30 stocks $26,616.71 48.794% > open 11/07/16 $215.71 frm 50% increase in 1.2183 yrs)
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To: DoughtyOne
...what would you take away from that WSJ article?

Given that the article included this:

"Chinese officials didn’t immediately confirm or deny Mr. Trump’s assertion, with a Foreign Ministry spokesman on Monday sidestepping questions on auto tariffs."

I'd be very skeptical.

Between the subtleties of translation, cultural differences and the Chinese propensity to deceive I'd wait to claim victory until the tariffs were actually reduced.

46 posted on 12/07/2018 7:09:26 PM PST by semimojo
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To: Alberta's Child

Ok thanks.

I am living in Ho Chi Minh City.

I was one of Trump’s earliest supporters on FR, since several weeks before, he formally announced his candidacy. I was a strong supporter. Even stopped in to a Trump campaign office and bought, a bunch of things prior to the election.

I helped Trump win in Michigan. My home.

But I am living here now. Stopped here for a visit two years ago and was pleasantly surprised. Don’t know what I expected exactly, but this is much different.

Now I know the history. I was alive during the Vietnam war, though too young to be drafted. I am also a bit familiar with China. The same system of government. But I don’t feel Vietnam is a threat to America. Not at all. In the past two YEARS I have met exactly TWO people who I felt remotely threatened by here.

Two! Living in a large city.

But China is very, very big. And very ambitious. And they have four or five TIMES America’s population.

It is completely beyond my understanding why in the world, we are building up China.

Of all the countries in the entire world.

Thanks. Rant off.

:)


47 posted on 12/07/2018 7:18:29 PM PST by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: cba123

It was going to get worse before it got better.


48 posted on 12/07/2018 7:30:46 PM PST by fortheDeclaration
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To: cba123

The good economy has a demand for more supplies. It stands to reason the trade deficit might go up,for a while.


49 posted on 12/07/2018 7:41:09 PM PST by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: dynoman

So how much did it go up with obozo in charge yearly?


50 posted on 12/07/2018 9:03:41 PM PST by oldasrocks (rump)
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To: oldasrocks

companies have been massively buying cheap cut from china in advance of tariffs.


51 posted on 12/07/2018 9:12:51 PM PST by ground_fog ( My God this was from today!)
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To: oldasrocks

52 posted on 12/07/2018 9:21:24 PM PST by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: cba123

Trump is perfectly fine on this issue. People in America are buying more stuff from China. We can’t help it. We have always bought more stuff. Especially if the economy is good here. Trump promised jobs. We have more jobs than we can fill. There are job openings in every state, at every skill level. And if Americans want to use their pay to buy Chinese stuff, thats ok. At least they have lots of money to do that. And China does not have that much money in the hands of the workers. Thats their problem. And if they fix it, we still can’t find anyone to fill the jobs that Trump has already made.


53 posted on 12/07/2018 9:26:52 PM PST by poinq
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To: cba123
This is definitely something to worry about.

In the past, half or more of our deficit was related to oil imports.

But our oil situation has completely changed.

In 2018, there have been two months when our energy exports almost equaled our energy imports.

That is happening because we are exporting more and more bio-fuels like ethanol, more natural gas, and more natural gas liquids like propane, plus, America has the most efficient refineries in the world.

Domestically, we are also pumping about 3 million barrels per day more oil from tight shale formations, which means we are importing much less oil.

The fact that our total trade deficit is in record territory at the same time our energy trade deficit has dramatically improved is very disturbing.

54 posted on 12/07/2018 11:04:44 PM PST by zeestephen
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To: cba123

You don’t seem to understand economics. The trade deficits is caused by our country BUYING more goods from China then we Sell to them.

We have the best economy in 20 yrs due to Trump’s policies and since our economy is 2/3 driven by consumer spending the result is we are SPENDING MORE and what we are buying is made in China.

Deficits (trade) always increase when our economy is strong and it it is no different this time. This was not the case when we made things in this country and consumers bought stuff WE made.


55 posted on 12/08/2018 2:00:27 AM PST by billyboy15 (Es)
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To: cba123
Yeah - and when one who has been sitting on one's arse for decades decides to start an exercise program to become healthy, the biggest amount of pain is at the beginning of the process.....so many seem to want to have a banana split with all the garnishes now even when it means they might not be able to afford a single scoop of plain ice cream down the road......

One of the reasons so many who can effect changes opt not to is because they know that making things better will result in short term inconveniences and cost them votes...so they opt to help the cancer spread instead of excising it out...and they have "Conservative" help because so many who claim to be for what's right decide maybe they only want the parts that will have a net sum zero effect on them for the foreseeable future.

56 posted on 12/08/2018 3:47:07 AM PST by trebb (Those who don't donate anything tend to be empty gasbags...no-value-added types)
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To: cba123

President Trump can’t do this on his own. We have to buy the stuff made here when possible.


57 posted on 12/08/2018 5:34:32 AM PST by TwelveOfTwenty (Prayers for our country and President Trump)
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To: semimojo

I’d take the article as written, the Chinese agent saying they are working on moving the tariffs to zero.

You can choose and select all you want, but denial isn’t exactly accurate either.


58 posted on 12/08/2018 12:08:05 PM PST by DoughtyOne (01/26/18 DJIA 30 stocks $26,616.71 48.794% > open 11/07/16 $215.71 frm 50% increase in 1.2183 yrs)
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