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US has Run Up $5.5 Trillion in Trade Deficits With China
Townhall.com ^ | April 29, 2020 | Terry Jeffrey

Posted on 04/29/2020 11:07:22 AM PDT by Kaslin

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1 posted on 04/29/2020 11:07:22 AM PDT by Kaslin
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To: Kaslin

Cancel all orders effective immediately


2 posted on 04/29/2020 11:09:44 AM PDT by yldstrk (Bingo! We have a winner!)
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To: Kaslin

A little misleading. Using the term deficit, he makes it sound like China has $5 trillion in IOUs from the US. All Chinese imports are bought and paid for.

Furthermore, what does he think the Chinese do with US dollars? They ain’t stuffing them in their mattresses.


3 posted on 04/29/2020 11:11:00 AM PDT by rey
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To: Kaslin

Thanks, Bill Gates and other enablers.


4 posted on 04/29/2020 11:11:18 AM PDT by EinNYC
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To: yldstrk

How are you free if someone can tell you from whom you may purchase something?


5 posted on 04/29/2020 11:11:54 AM PDT by rey
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To: rey

> How are you free if someone can tell you from whom you may purchase something? <

That’s a fair question. It’s a slippery slope, but sometimes national security interests trump all. For example, the United States was neutral in 1940. But we still restricted trade with the Axis. For example, no American helium for Nazi dirigibles!

Is today like 1940? I don’t know. Maybe.


6 posted on 04/29/2020 11:21:01 AM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: rey

Well, that is a darn good point.


7 posted on 04/29/2020 11:21:45 AM PDT by yldstrk (Bingo! We have a winner!)
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To: Kaslin

The trade imbalance with Red China is a double whammy. Cheap labor and ignoring pollution from factories in China have made Chinese made goods seem cheaper for us to buy which closed US factories that made similar goods. Those US dollars help finance the CCP dictatorship’s plans to become world masters. China has recycled some of our dollars into US Treasury bonds to the extent they would ruin us if they dumped/sold them all at once.


8 posted on 04/29/2020 11:27:33 AM PDT by RicocheT (Don't argue with an idiot; people watching may not be able to tell the difference.)
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To: Kaslin

Just stick the Chicomms with it. Do not allow ANY trade with China. Sanction the officials. Seize and sell Communist Chinese assets in this country. Cancel our debt to them.


9 posted on 04/29/2020 11:29:46 AM PDT by TBP (Progressives lack compassion and tolerance. Their self-aggrandizement is all that matters.)
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To: Kaslin

It’s hard to take a stand against ChCom crap when everyone else is buying it left and right.


10 posted on 04/29/2020 11:32:02 AM PDT by Rurudyne (Standup Philosopher)
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To: Kaslin

This is out there

Big Pizza
https://iamthestorm2020.blogspot.com/2020/04/how-to-take-down-big-banks-and-big-tech.html?m=1


11 posted on 04/29/2020 11:33:58 AM PDT by combat_boots (God bless Israel and all who protect and defend her. Merry Christmas! In God We Trust!)
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To: Kaslin

Good. The US should just drop the mic and walk away from it.


12 posted on 04/29/2020 11:34:32 AM PDT by SkyDancer ( ~ Just Consider Me A Random Fact Generator ~ Eat Sleep Fly Repeat ~)
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To: combat_boots

Digital Totalitarianism
http://galeinnes.blogspot.com/2020/04/digital-totalitarianism.html?m=1


13 posted on 04/29/2020 11:36:06 AM PDT by combat_boots (God bless Israel and all who protect and defend her. Merry Christmas! In God We Trust!)
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To: rey
A little misleading. Using the term deficit,

Nope, only a globalist, china pimp would say that the term deficit is misleading.

It is either a deficit or a surplus or balanced trade.

There are no other choices.

What would you call it, comrade?

Do you work for a company that profits by china's trade surplus or are you just a chi-com troll?

14 posted on 04/29/2020 11:46:43 AM PDT by USS Alaska (NUKE THE MOOSELIMB, TERRORISTS, NOW!)
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To: TBP

> Just stick the Chicomms with it. <

This virus has given us a unique opportunity to do just that. As the liberals might say, never let a crisis go to waste.

There is no need to provoke Red China into doing something foolish. But seizing their assets to pay for the damage their virus caused...yes, that should be done. But diplomatically, not arrogantly.

“We are so sorry to have to do this, but our lawyers tell us we must put your assets - including your Treasury bills - on hold for now. And we must place tariffs on all your goods. It’s a shame. But you know how lawyers are.”


15 posted on 04/29/2020 12:01:11 PM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: USS Alaska

Curious if you typed out your reply on your American made computer...


16 posted on 04/29/2020 12:21:32 PM PDT by Trinity5
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To: Kaslin

Most politicians should be.....I can’t say it because it is against the rules. What they have done is criminal and evil to our country and the people.


17 posted on 04/29/2020 12:32:15 PM PDT by shanover (...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
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To: Leaning Right

18 posted on 04/29/2020 12:36:49 PM PDT by Magnum44 (My comprehensive terrorism plan: Hunt them down and kill them.)
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To: Kaslin

China owns about $1.1 trillion in U.S. debt, or a bit more than the amount Japan owns. It won’t be enough just to default on China’s bonds. They’ve caused 10 times the damages.


19 posted on 04/29/2020 12:39:59 PM PDT by 1Old Pro (#openupstateny)
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To: EinNYC

“Thanks, Bill Gates and other enablers.”

Would that include people who have purchased cellphones and computers? Just asking.


20 posted on 04/29/2020 12:49:50 PM PDT by Voltage
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