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Liberals would prefer Americans cower in fear instead of standing up for American workers, American businesses, and the virtues of free market capitalism. We have a right to look out for our own best interests, as China has done for decades, sometimes at our expense.
I'm glad we have a fearless leader who is willing to lay the chips on the table and make a stand for America. The way things were going before, America (and the majority of Americans) was a guaranteed loser. When you stand for nothing, you will fall for anything. At least our current president stands for something, instead of cowering and bowing to the rest of the world.
Liberals would prefer Americans cower in fear instead of standing up for American workers, American businesses, and the virtues of free market capitalism. We have a right to look out for our own best interests, as China has done for decades, sometimes at our expense.
I'm glad we have a fearless leader who is willing to lay the chips on the table and make a stand for America. The way things were going before, America (and the majority of Americans) was a guaranteed loser.
Measuring trade deficit is just one apple in the economic cart. As I posted before, U.S. enjoys a 3x FDI over China.
A couple months ago republicans were crowing about an increase in jobs at a new appliance factory in Tn. They didn't realize most of the came from another state but that is another story. The company that created the new plant was LG, a korean company. That does not show up if you simply measure trade deficits.
Can you please explain what is FDI and why it’s important?
Hey, Trump has already done more for America than Obama’s 8 years combined.
I already did. Just like the U.S creates factories in other countries that employ people in those countries the likewise happens in reverse. Economics is more that measuring product trade amounts.
I already did. Just like the U.S creates factories in other countries that employ people in those countries the likewise happens in reverse. Economics is more that measuring product trade amounts.
You want more people invest in US? Remove all corporation taxes, regulations and income taxes.
Liu said the two sides agreed to stop “slapping tariffs’ on each other, Xinhua reported. Liu said his trip to the US had been positive, pragmatic, constructive and productive. Trade cooperation would be enhanced in such areas as energy, agriculture, health care, high-tech products and finance, a “win-win” choice for both nations.
You do realize that China isn't just going to randomly by more stuff. That if Trump had never played this stupid tariff game China's increased imports form the USA would have happened. And that the price for China playing with Trump -- Trump lifting sanctions on ZTE -lol.
This is putting a positive spin on the fact that Trump threatened with tariffs, China fought back and now the tariffs are being lifted so China says it will increase its imports. LOL.
Oye vey -- this is too basic it is funny.
So for a promise to reduce the deficit Trump agreed to allow a Chinese company to do business that was being sanctioned AND tariffs are reduced right? Sounds like a win win for all.
Vice-Premier Liu He, who led Chinese negotiators in Washington said: "The two sides reached a consensus, will not fight a trade war, and will stop increasing tariffs on each other," state-run news agency Xinhua reported Sunday.
Liu called the agreement a "necessity", but added: "At the same time it must be realised that unfreezing the ice cannot be done in a day, solving the structural problems of the economic and trade relations between the two countries will take time."
An earlier joint statement issued in Washington said Beijing would "significantly" increase its purchases of American goods, but offered few details.
Washington reportedly had demanded the deficit be slashed by at least $200 billion by 2020.
However, the joint statement held no indication that China had assented to that target.
We imported more than 500 billion in Chinese goods in 2016. You think China wants to lose that?
And the USA needs China.
It's a give and take.
Trade wars were not good for either country.
So they have agreed not to have them.
The US interpretation is that China has agreed to 'increase' imports from the USA
China has not released any official statement to that effect...just the US did.
So -- here's my take -- nothing changes. China will maybe work towards upping its trade with USA but the reality is -- countries aren't going to buy what they don't need just to avoid a trade war.
The reason there is a trade deficit is because China doesn't need more stuff than what they buy from the USA. To expect them to buy significantly more just to balance trade makes no sense.
Why do you post this nonsense? Do you not know anything about economics at all???
ZTE buys over $20 billions of electronic components from USA each year. $20 billion! If they truly go down, that’s $20 billion of our economy gone too.
That's not an argument about economics, so don't assume that poster doesn't understand economics.
If you want to introduce facts into a debate, do so.
You could say: 'I should point out ..." or something like that. The '$20 billion' was not under consideration.
You next step would be to provide a credible reference, perhaps a link, or the mention of it in an official report easy to look up. Until then it is just hearsay.
Then we could discuss the relative merits of that company's imports versus it's exports to us, national security concerns, possible other factors unrelated to economics, etc.
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