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US trade deficit rises to 5-month high of $55.5B in May
The Vindicator ^ | July 3, 2019 at 10:00a.m. | By PAUL WISEMAN AP Economics Writer

Posted on 07/03/2019 11:53:16 PM PDT by cba123

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When are we going to do something, to equalize our two countries' economies?

When?

We need to STOP importing things from China, and start making them for ourselves, once again.

To heck with China.

1 posted on 07/03/2019 11:53:16 PM PDT by cba123
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To: cba123

http://www.vindy.com/news/2019/jul/03/us-trade-deficit-rises-5-month-high-555b-may/?nw


2 posted on 07/03/2019 11:53:32 PM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: cba123

Yeah, this is getting worrisome,
Every time Trump raises the tsariffs Us companies increase their purchasess.
Makes no sense.


3 posted on 07/04/2019 12:09:13 AM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: cba123
Our economy is doing much better, people are working... and spending their earnings buying stuff... most of which is made in China.

If Trump persists, then eventually American companies will spring up and make stuff too, at competitive prices. That won't happen overnight... it will take some years. In the meantime, Americans with more money will buy more stuff no matter who makes it.

4 posted on 07/04/2019 12:14:41 AM PDT by Cementjungle
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To: Cementjungle

It won’t matter if more Americans are buying for stuff, if it is all imported.

For real.

China is cleaning our clock. Big time.


5 posted on 07/04/2019 12:24:31 AM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: Cementjungle

> eventually American companies will spring up and make stuff too, at competitive prices <

I don’t see how that’s possible without tariffs.

Maybe 10 years ago I saw a news story about a small US company that made door locks for US cars. Then the Chinese entered the market. They sold their door locks for much less than just the production cost of the US-made locks.

Were the Chinese locks as good as the US ones? No. But they were good enough.

The American who owned the US company was almost crying on camera. He said that to keep his company afloat, he was going to have to fire all his US employees, and move production to China.


6 posted on 07/04/2019 12:28:17 AM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: DoodleDawg

Ping


7 posted on 07/04/2019 12:30:17 AM PDT by StoneWall Brigade (Live Free or Die)
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To: cba123

More proof that Twitterman’s socialistic tariffs are a complete dud he should embrace free trade free market capitalism economy.


8 posted on 07/04/2019 12:38:20 AM PDT by StoneWall Brigade (Live Free or Die)
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To: StoneWall Brigade

Buy American.

Really.

Trump, you ran, and you won, on this issue.


9 posted on 07/04/2019 12:41:37 AM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: StoneWall Brigade

Free trade works, when everybody is on a level playing field. However, it doesn’t work when you’re trying to compete with a slave economy that produces goods from stolen patents.

The only way America can compete against China, if you want absolute free trade, would be to do what they do and enslave the American population and demand production levels with the threat of death if one fails to meet their quota.

Otherwise, China will eventually take every factory from America it can, until it owns 100% of productive capacity and America has none.


10 posted on 07/04/2019 12:46:23 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death by cultsther)
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To: cba123

I’ll buy whatever I want to buy from whomever has the best deals American or Non-American I don’t believe in the buy American crony capitalist socialist nonsense. Trump lost and lost badly on this issue he can only manipulate the numbers for so long until the laws of economics catches.


11 posted on 07/04/2019 12:47:50 AM PDT by StoneWall Brigade (Live Free or Die)
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To: Jonty30

Tariffs are not fair trade they are crony capitalist and socialistic in nature.
They never work at all


12 posted on 07/04/2019 12:50:40 AM PDT by StoneWall Brigade (Live Free or Die)
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To: StoneWall Brigade

Buy American.


13 posted on 07/04/2019 12:50:57 AM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: StoneWall Brigade

And if you don’t, China owns America.


14 posted on 07/04/2019 12:51:05 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death by cultsther)
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To: Jonty30

Knockoff the nationalist socialist China owns American b.s. if Trump really wanted to beat Communist Red China, he had a super two house majority to do so he could have completely eliminated the income tax, the corporate taxes, the Welfare state, undo every regulation that staffles or stops economic growth what coulda shoulda but he didn’t.


15 posted on 07/04/2019 12:59:41 AM PDT by StoneWall Brigade (Live Free or Die)
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To: cba123

What do you think Trump is trying to do? If you have a better solution, please share with the rest of us.


16 posted on 07/04/2019 1:00:39 AM PDT by Cobra64 (Common sense isnÂ’t common anymore.)
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To: mrsmith; All

Overseas importers are hedge-buying / stocking up on imported goods before tariffs kick in.


17 posted on 07/04/2019 1:02:54 AM PDT by Cobra64 (Common sense isnÂ’t common anymore.)
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To: Cobra64

I have been a Trump supporter since before he came down that escalator.

But this, really, sucks.

Really.

(sorry can I say that?)


18 posted on 07/04/2019 1:05:35 AM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: StoneWall Brigade; All
A history lesson of US tariffs ...

https://en.m.wikipedia.org/wiki/Tariff_in_United_States_history

19 posted on 07/04/2019 1:05:47 AM PDT by Cobra64 (Common sense isnÂ’t common anymore.)
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To: Jonty30; All

Yup. Not too many folks around here have studied American economic history or bothered to research the topic.


20 posted on 07/04/2019 1:07:19 AM PDT by Cobra64 (Common sense isnÂ’t common anymore.)
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