Posted on 01/18/2019 1:56:00 PM PST by dynoman
China Proposes Six-Year Buying Spree
Citing sources familiar with the matter, Bloomberg reported Friday that China has offered to significantly boost its purchase of U.S. goods over a six-year period in an effort to re-balance trade between the two superpowers. By increasing its annual imports from the United States, Beijing would reduce its trade surplus to zero by 2024. That would require a spending boost of more than $1 trillion.
(Excerpt) Read more at ccn.com ...
I hope that doesn’t mean buying equities.
Good news if it means buying US products.
However, we should leave the tariffs in place until the trade deficit drops to $0.
And this doesn’t address bringing industries back to the US.
> I think they will buy key assets. Perhaps oil and gas companies, large tracts of land and food companies and farms. <
You’re probably on to something there. China spends five billion dollars to buy an American company, and that counts as buying “US goods”.
Ugh! At least we can seize that company when China invades Taiwan.
Winning?!!!
She’s got huge tracts of land
Winning!!
” ... we should leave the tariffs in place until the trade deficit drops to $0.”
Why is a $0 trade deficit the magic number for you?
Should we have a $0 trade deficit with all countries, including those with which we have a current trade surplus?
So once again..WINNING MAGA..yet this wont be reported in the commie press since it makes Trump look good..now back to Buzzfeed’s BS
Six years coincidentally would wait out a two-term Trump Presidency - after which it would presumably be back to business as usual.
And if they do, the sanctions will go right back on. Do you really think you’re smarter than Trump and his trade advisors?
There’s nothing magic about $0.
I actually want to leave the tariffs in place. Maybe even raise them. Tariffs were great for this country it’s first 180 years.
If you want to see what happens to a country with chronic high trade deficits, look at Greece. Sure eventually their trade deficits dropped. But it was because they had lost all their industries and everyone was unemployed and there was no money left to import stuff.
There’s nothing magic about $0.
I actually want to leave the tariffs in place. Maybe even raise them. Tariffs were great for this country it’s first 180 years.
If you want to see what happens to a country with chronic high trade deficits, look at Greece. Sure eventually their trade deficits dropped. But it was because they had lost all their industries and everyone was unemployed and there was no money left to import stuff.
The next Democrat president.
China always plays the long game.
We here in the West only care about the next quarter’s financials.
"China has offered to significantly boost its purchase of U.S. goods..."
True and that’s often a problem.
Though it’s also true that the long run is made up of consecutive short runs.
If Trump can deliver short term results on trade, it will pay dividents long term. Unless the nation goes back to the uniparty.
True and that’s often a problem.
Though it’s also true that the long run is made up of consecutive short runs.
If Trump can deliver short term results on trade, it will pay dividents long term. Unless the nation goes back to the uniparty.
unfortunately the chinese plan to buy democratic politicians...
ugh.
You don’t think they meant that literally, do you? The Chinese are inscrutable, dontcha know.
And they can't wait to hear the offers.
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