We imported 4 times more from China than they bought from us.
Somethings wrong in River City.
Do you ever wonder what the Chinese do with those billions of dollars they get from us? You know they eventually have to spend them here somehow or keep them in a lock box...
Half the deficit was with China.
Already is a trade war, and, we’re losing badly.
Back when Reagan was President, liberactionaries were hopping made about trade deficits. They forgot about them during Clinton’s tenure, were too distracted by Iraq to bring it up during Bush’s Presidency, and were completely mum during Obama’s. Now that trade is Trump’s great concern, they downplay it and talk about the complexity of the global economy and the rise of service industries.
I don’t share Trump’s stress on trade, and frankly I’d rather a company move to Mexico than that it go completely under and close its doors, but it is a legitimate concern.
The Forgottens (a/k/a the structurally unemployed) need to find jobs they can do, not high-tech computer whosawhatsit-thingamajigging. So, yeah, this is a matter that the Republicans have belatedly woken up to, thanks to Trump, and concerning which Dems have belatedly discovered nuances that help nobody, except insofar as they can cover their own asses. Hope the working class blue color folks all find work, and that they make their switch to deplorables permanent.