Looks like China's Trade Surplus with the U.S. is the Largest Ever (compared, economy)
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Only an idiot or a liar would look at one metric and claim that is the all determining metric of success or failure. Your Great President is working to change policies favorable to Chinese and unfavorable to Americans. It's high time we had a President working for us instead of bought and paid for globalist interests.
China has a population 4 times the USA and years of Socialism destroyed their economy and now they have switched to capitalism and have been growing faster than the USA and virtually every other nation on the planet for years....they are running to catch up to us.
The tariffs have greatly impacted Chinese economy and markets far more than the USA has been impacted. In general, trade wars are bad for the economy of every nation but in this case, China has more to lose than the USA...support your Great Orange Pumpkins efforts to stop Chinese stealing American technology and China's enormous trade tariffs on the USA products compared to USA tariffs on Chinese goods.
You're welcome!
Trumper's had to stop claiming winning on things Trump pounded in he would fix all things. His approach is belittle, mock and dare. That is NO GREAT COMMUNICATER. We BUILT CHINA lest you forget. OUR CORPORATIONS seeking profits over National interest in the future.
Trump and his family UTILIZED CHINA'S cheap labor for their profit of selling high mark-up brand they put ther name on. They were not sold at Walmart.
Now soybean farmers need Government welfare. The IDEA of fixing trade imbalances was more a failure then success. There was NO BUY AMERICAN CAMPAIGN by Trump.
Tariffs were never a Conservative FREE-ENTERPRISE Capitalist ideology. But somehow it perverted to just that.
No one says CHINA'S economy id in a shambles. It clearly is MOVING FORWARD STILL. Making partnerships and treaty's around the world for current and future interest.
Trump's hard-head hatchet rhetoric only favors CHINA'S push on Nations Trump posses off.
It isn't CHINA'S fault America was forced to by products OUR CORPORATIONS SAID WE RATHER MOVE THERE THEN PROMOTE AMERICAN WORKERS FIRST and out MAJOR NORTHERN CITY DECLINES were a result.
If you had bothered to look at China's Foreign Exchange Trade System RMB index, you'd see that the Yuan has roughly fallen about 10 percent against the dollar in 2018.
With an artificially weak Yuan, US exports to China become much more expensive and imports much cheaper --- so there's a large part of the trade gap increase right there just in a devalued Yuan.
Once a deal is struck and the Yuan moves back up against dollar, similar to what it did in 2017, the trade gap will begin to narrow again and you'll be eating your words because you did not understand how or why the gap was expanding in the first place.
You can't ignore that while trying to fix the surplus, somehow --- Yuan lowered or not -- it has grown bigger.
And yes the 'hope, wish, prayer' is that a deal can be reached.
But until there is one --- saying it will all correct itself is a wee bit premature I think.
There are no guarantees.
And as has been stated many many many times....all this chaos created by Trump has made other countries look to other countries for their trade deals. That may never come back given the lack of trust created by Trump.
If you had bothered to look at China's Foreign Exchange Trade System RMB index, you'd see that the Yuan has roughly fallen about 10 percent against the dollar in 2018.
With an artificially weak Yuan, US exports to China become much more expensive and imports much cheaper --- so there's a large part of the trade gap increase right there just in a devalued Yuan.
Once a deal is struck and the Yuan moves back up against dollar, similar to what it did in 2017, the trade gap will begin to narrow again and you'll be eating your words because you did not understand how or why the gap was expanding in the first place.
I understand perfectly well that China has devalued it's currency. China has LONG manipulated it's currency to it's advantage and EVERYONE with more than half a brain knew they would do that to lessen the impact of the Trump tariffs - except apparently Trump (which is no surprise). All you bringing that up does is bolster the fact that the increase in the trade deficit vs China is a DIRECT RESULT of Trump's stupid trade war.
And when this idiotic trade war ends, China will probably raise the level of the Yuan - but based on past experience, they'll likely make sure it ends up lower than it was to begin with (so that they can weaken any gains (assuming the US gets any) the US manages to squeak out in trade negotiations.
Can we have an intelligent discussion about how things are actually going instead of having it devolve into rabid hatred of Trump? I'm no fan of the guy myself but let's not oppose or misrepresent everything just because it's got his name on it. Even the wisest person makes mistakes which means that even a complete idiot sometimes gets something correct.
Here you go with an educational link showing how investors and big money out there view the trade war for China's companies outlooks. Also, you probably don't remember in that partisan fog in your head about the trade surge in Q1 to beat the Tariff implementation.
Yeah, I'm WELL AWARE of the 1st quarter trade surge to beat the tariffs. Even if that DIDN'T happen the US/China trade deficit would still be the WORSE EVER. Every single month this past year has seen a US/China trade deficit that's been UP compared to that same month in previous years - NOT JUST those months of the 1st quarter - EVERY SINGLE MONTH, so don't give me that ignorant and lame excuse that there was simply a "trade surge in Q1 to beat the Tariff implementation."
The fact is, Trump's trade war is NOT having the desired effect. Prices for Chinese goods have risen here because of the tariffs, but the trade balance between the 2 countries is NOT improving. In fact, it continues to GET WORSE.
Despite all the bluff and bluster, the 4% - 6% GDP growth that Trump claimed he could get going has simply not occurred.
There was a trade surge to beat Trump's tariffs which resulted in the only quarter of 4% GDP growth during this administration.
Seems the payday loan tax scam didn't have the promised results, and the government shut down hasn't helped matters either.
U.S. trade deficit is the largest ever and given that Russia and other countries are rushing to fill orders for products that China used to buy from us, it is unlikely ever to get a whole lot better.
This is what winning looks like. A shutdown government. A huge tax cut when not needed that's blowing up the deficit. An impending recession. A trade war with no exit strategy. All sorts of problems with Russia. And that's after failing to 'fix' the American healthcare system like the GOP said they would even though they've had control of the entire government from top to bottom for the last two years. Failing is more like it.
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Only an idiot or a liar would look at one metric and claim that is the all determining metric of success or failure. Your Great President is working to change policies favorable to Chinese and unfavorable to Americans. It's high time we had a President working for us instead of bought and paid for globalist interests.
Looks like China's Trade Surplus with the U.S. is the Largest Ever
