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According to the U.S. Trade Representative, the U.S. imported $47.8 billion of Vietnamese goods and services last year, while it exported $10.5 billion’s worth.
Asked bluntly if he wants to “tariff” Vietnam, Trump did not say no.
“Well, we’re in discussions with Vietnam. Vietnam is almost the single worst – much smaller than China, much, but it’s almost the single worst abuser of everybody,” eliciting a “wow” from his interviewer.
Trade deficits are necessary for the USA. They maintain the dollar’s status as the world’s reserve currency.
The idea that trade deficits are a bad thing comes from economic illiteracy.
If we just want jobs we can pay people to dig holes and other people to fill them up.
The USA ran modest trade surpluses up until 1976. Was that due to "economic illiteracy?" The only reason why the USA is able to run massive trade deficits is because the USA is able to create huge quantities of new dollars from free electrons in the air to pay for imports. Why the rest of the world allows us to do that I can't fathom.
According to the U.S. Trade Representative, the U.S. imported $47.8 billion of Vietnamese goods and services last year, while it exported $10.5 billion’s worth.
Asked bluntly if he wants to “tariff” Vietnam, Trump did not say no.
“Well, we’re in discussions with Vietnam. Vietnam is almost the single worst – much smaller than China, much, but it’s almost the single worst abuser of everybody,” eliciting a “wow” from his interviewer.
Trump has got to be the biggest whiner to ever hold office. He complains about bad things and he complains about good things and he complains about nothing at all. OOh! Little Vietnam is going to have its revenge at long last and single handedly bring the entire US economy down on its knees. Yeah, right.
Trumpers have a finally honed sense of outrage that will go on unabated until the end of time or the end of our democracy - whichever comes first. Trump keeps his hold on his base by his constant self pitying tweets and bizarre complaints. The Republican party has become the party of those who want to blame everyone else for the mistakes that they themselves have made.
Cowboy up, conservatives. It's embarrassing to see an entire political party blubber along like 5 year-olds. Yep, everything is Vietnam's fault and the monster hiding under your bed will probably eat you before morning, so there's a silver lining there somewhere.
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