How's that pesky trade war Trump started? U.S. Trade Deficit in Goods Reaches Record High

[Terri4Trump]

 

[Butch_Coolidge]

But,
I’m not a dim.

Right, you're a trump cultist.

Your so predictable and mindless. You don’t have an original thought in your head. The new buzzword for dims is cult. So now it’s your mantra. Collusion, obstruction, extortion and bribery are so last week. Still doesn’t lessen the sting of 2016, huh?



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Hey crybaby:

If this topic is too much for your squeamish little cult brain to deal with, there are plenty of trump ass licking threads that might not trigger you. I suggest you go to one of those and breathe into a paper bag for a while.

Back to the topic...

I just proved that you are exactly like the people in the first video, and then showed that you don’t have any of your own thoughts with your cult rhetoric. You are the one in the cult. The cult of losers. Stop embarrassing yourself.


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Yes crybaby, get it all out of your system. But I warn you: your cult leader cant hear you. No rewards will be forthcoming.

So, how about the abject failure that is Trump's trade war? Good stuff.

Stick to what you know loser. Yes, I’ll have [emoji489] fries.


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[Butch_Coolidge]

Facts? These pussies don’t need no stinking facts.


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[Denizen]

......Donald Trump has trashed brand America......

I see youre still the same ignorant lying sack of shit you have always been

That's the nicest thing you have ever published about me.

 

[Ame®icano]

The trade balance is actually worse than it seems because record oil and gas exports from the USA are masking the decline in goods and services exports.

Manufacturing is already in decline in the USA and investment in industry is declining.

Donald Trump has trashed brand America and consumers around the world are reducing their purchases of US manufactures and services.

Tourism by foreigners has also declined as Donald Trump has made foreigners feel they are unwelcome in the USA.

Donald Trump has shot Uncle Sam in both feet.

Infographic: U.S. Trade Deficit in Goods Reaches Record High

U.S. Trade Deficit in Goods Reaches Record High
by Felix Richter,
Aug 5, 2019

Despite all efforts by the Trump administration to reign in the country’s trade deficit, the gap between imports to and exports from the United States climbed to a 10-year high in the first half of 2019. According to figures released by the Bureau of Economic Analysis on Friday, the U.S. trade deficit in goods and services declined slightly in June, bringing the total deficit to $316 billion for the first half of 2019, the highest it’s been since 2008. The increase was mainly caused by a historically high deficit in goods trade, which amounted to a record $439 billion, of which $219 billion can be traced back to trade with China alone.

While the U.S. trade deficit continues to climb overall, imports from China have in fact been affected by the ongoing trade war between the two economic superpowers. U.S. goods imports from China dropped by more than $30 billion in the first half of 2019 compared to the previous year.

DESCRIPTION
This chart shows the U.S. trade balance in goods, services and overall. ...

However, price index shows that prices are slightly falling and profit margins improving and inflation is unchanged despite of higher tariffs.

That means that tariffs are not passed on consumers as leftist media are saying.

Tell it to farmers and residents of rural America who have been turned into welfare recipients.

If tariffs were such a great economic booster, every country would be imposing 1000% tariffs on all imports.

You brought up great talking point, without a clue why you actually said it.

Tariffs are used on China to level the playing field and to force them to play by the rules. The goal is stop their currency manipulation, copyright infringement and level the playing field, and eventually end up with no tariffs at all. During that process, yes... some will be hurt, like farmers are, but overall we are doing better. This seems to be bit too much for you to comprehend, since you're not seeing further that your nose, otherwise you wouldn't be parroting what you heard on The View, perhaps.

 

[Ame®icano]

What did everyone expect? Trump is a moron that does not learn anything and does not take advice. He is an ineffectual retard compared to the serious people on the other side of the negotiating table.

Who's "everyone", you?

Why do you think he needs advice from socialists, or anyone who brought us in this mess?

 

[Fort Fun Indiana]

Who's "everyone", you?

No, literally everyone, including you cultists, despite your bad acting attempts to the contrary.

 

[Ame®icano]

You can't be serious. Talk to Nancy Pelosi and get her to let the House vote on the USMCA, which the Democrats have been stalling for over a year now.

Then tell the orange idiot to actually send the bill to the House.

Tell us, where is the bill now?

 

[Ame®icano]

The trade balance is actually worse than it seems because record oil and gas exports from the USA are masking the decline in goods and services exports.

Manufacturing is already in decline in the USA and investment in industry is declining.

Donald Trump has trashed brand America and consumers around the world are reducing their purchases of US manufactures and services.

Tourism by foreigners has also declined as Donald Trump has made foreigners feel they are unwelcome in the USA.

Donald Trump has shot Uncle Sam in both feet.

Infographic: U.S. Trade Deficit in Goods Reaches Record High

U.S. Trade Deficit in Goods Reaches Record High
by Felix Richter,
Aug 5, 2019

Despite all efforts by the Trump administration to reign in the country’s trade deficit, the gap between imports to and exports from the United States climbed to a 10-year high in the first half of 2019. According to figures released by the Bureau of Economic Analysis on Friday, the U.S. trade deficit in goods and services declined slightly in June, bringing the total deficit to $316 billion for the first half of 2019, the highest it’s been since 2008. The increase was mainly caused by a historically high deficit in goods trade, which amounted to a record $439 billion, of which $219 billion can be traced back to trade with China alone.

While the U.S. trade deficit continues to climb overall, imports from China have in fact been affected by the ongoing trade war between the two economic superpowers. U.S. goods imports from China dropped by more than $30 billion in the first half of 2019 compared to the previous year.

DESCRIPTION
This chart shows the U.S. trade balance in goods, services and overall. ...

However, price index shows that prices are slightly falling and profit margins improving and inflation is unchanged despite of higher tariffs.

That means that tariffs are not passed on consumers as leftist media are saying.

A big factor is that we can withstand the Trade War and China cannot. Their GDP is already falling like a rock, and eventually they're going to buckle.

This should have been done a long time ago, neither the previous Democrats nor Republicans had the spine to tackle the problem head on.

But President Trump did. MAGA!

China's GDP growth rate in 2q 2019 was 6.2%. Trump can only dream of that with US GDP 1.9% and dropping.

Trump has flunked POTUS school.

China GDP Annual Growth Rate

You were saying something?

 

[Fort Fun Indiana]

Tell us, where is the bill now?

It doesn't yet exist. So, I think it is where FOX keeps their fact checkers.

 

[Fort Fun Indiana]

The trade balance is actually worse than it seems because record oil and gas exports from the USA are masking the decline in goods and services exports.

Manufacturing is already in decline in the USA and investment in industry is declining.

Donald Trump has trashed brand America and consumers around the world are reducing their purchases of US manufactures and services.

Tourism by foreigners has also declined as Donald Trump has made foreigners feel they are unwelcome in the USA.

Donald Trump has shot Uncle Sam in both feet.

Infographic: U.S. Trade Deficit in Goods Reaches Record High

U.S. Trade Deficit in Goods Reaches Record High
by Felix Richter,
Aug 5, 2019

Despite all efforts by the Trump administration to reign in the country’s trade deficit, the gap between imports to and exports from the United States climbed to a 10-year high in the first half of 2019. According to figures released by the Bureau of Economic Analysis on Friday, the U.S. trade deficit in goods and services declined slightly in June, bringing the total deficit to $316 billion for the first half of 2019, the highest it’s been since 2008. The increase was mainly caused by a historically high deficit in goods trade, which amounted to a record $439 billion, of which $219 billion can be traced back to trade with China alone.

While the U.S. trade deficit continues to climb overall, imports from China have in fact been affected by the ongoing trade war between the two economic superpowers. U.S. goods imports from China dropped by more than $30 billion in the first half of 2019 compared to the previous year.

DESCRIPTION
This chart shows the U.S. trade balance in goods, services and overall. ...

However, price index shows that prices are slightly falling and profit margins improving and inflation is unchanged despite of higher tariffs.

That means that tariffs are not passed on consumers as leftist media are saying.

A big factor is that we can withstand the Trade War and China cannot. Their GDP is already falling like a rock, and eventually they're going to buckle.

This should have been done a long time ago, neither the previous Democrats nor Republicans had the spine to tackle the problem head on.

But President Trump did. MAGA!

China's GDP growth rate in 2q 2019 was 6.2%. Trump can only dream of that with US GDP 1.9% and dropping.

Trump has flunked POTUS school.

China GDP Annual Growth Rate

View attachment 292106

You were saying something?

You literally proved his point, there. How odd.

 

[Toro]

Tariffs simply will not "solve" the trade deficit. Trump has never understood this, nor do his followers. Thinking that a trade deficit is a problem fundamentally misunderstands the nature of the economy.

We have a trade deficit because we don't have enough savings to fund our spending. To fund our savings requires us to import capital. And the only way to finance importing capital is to run a trade deficit. Period, full-stop.

If you understood economics, you would have understood that Trump's policies would increase our trade deficit because it would increase our rate of growth and it would increase our deficit. The former increases demand for imports relative to exports, and the latter because it decreases our national savings.

But I'm sure very few in this thread want to have an intellectual discussion about this. It's much easier just tossing partisan insults and bromides at one another.

 

[Fort Fun Indiana]

We have a trade deficit because we don't have enough savings to fund our spending.

Juat as importantly, and probably more so, we have trade deficits because our economy is so advanced. Trade deficits are not necessarily a bad thing at all.

 

[Ame®icano]

That also means that we imported less, which is good. We need to be less dependent on the rest of the world.

BTW, the DOW hit another record today. That's over 100 record closings since Trump's inauguration. There were only 122 record closings the entire 8 years Obama was President.

The trade war with China is necessary. If you want China to replace the US as the top dog economically, that's your right.
Most of us want the US to stay on top and to stop China from stealing US product designs and intellectual property.

Hell, even Nancy and the House supports Trump's efforts to get fair trade deals with China:
Democrat-led House seen backing Trump’s China trade war, scrutinizing talks with allies

Better fit Uncle Sam with some Chinese bullet-resistant robotic feet if Trump insists on continually shooting Uncle Sam's feet off.

In regard to Chinese technological evolution, the ship has already sailed and the US failed to board.

WTF do you mean shooting the US feet off? Whatever you're implying, you're wrong. The Trump tariffs are working, China's economy is slowing.
Many companies in China are moving to VN. The trade war is working in favor of the US. The US economy is growing, the stock markets are setting records almost daily.
A better question is: will Xi give Trump a victory and a "fair" trade deal, or will Xi try to make life difficult for Trump in hopes of getting democrats a win in 2020?
Bloomberg - Are you a robot?

The Chinese technological revolution was founded in large part on the theft of US intellectual property.
Competing With China on Technology and Innovation
"Aside from broader issues of trade and economics, the United States and Japan should consider the specific risks and opportunities related to competition with China in high-tech innovation. A so-called fourth industrial revolution is under way, a revolution characterized by discontinuous technological development in areas like artificial intelligence (AI), big data, fifth-generation telecommunications networking (5G), nanotechnology and biotechnology, robotics, the Internet of Things (IoT), and quantum computing. Breakthroughs in these fields can potentially shift the future balance of economic and military power, prompting governments and large corporations to compete aggressively now over their development and applications."

So whose side are you on?

Here’s a problem with your opinion.

Trump tariffs is NOT working if it does he could have sign the agreement with Xi.
True. China’s economy is slowing down but doesn’t mean they are backing off. In reality Chinese are jerking Trump around.

At the same time we the consumers are paying the tariffs that this inept POTUS has imposed.

Not a single businesses, technologies, manufacturers, retailers, farmers, importers, exporters support this ...... Stupid Trade Wars. NONE. NOBODY except the idiots.

Exactly. If Trump was winning the trade war US manufacturing would be growing not declining as it is currently.

The US current account is headed in the wrong direction again after Obama fixed it.

"Obama fixed it"

LOL

 

[JGalt]

The trade war with China is necessary. If you want China to replace the US as the top dog economically, that's your right.
Most of us want the US to stay on top and to stop China from stealing US product designs and intellectual property.

Hell, even Nancy and the House supports Trump's efforts to get fair trade deals with China:
Democrat-led House seen backing Trump’s China trade war, scrutinizing talks with allies

Better fit Uncle Sam with some Chinese bullet-resistant robotic feet if Trump insists on continually shooting Uncle Sam's feet off.

In regard to Chinese technological evolution, the ship has already sailed and the US failed to board.

WTF do you mean shooting the US feet off? Whatever you're implying, you're wrong. The Trump tariffs are working, China's economy is slowing.
Many companies in China are moving to VN. The trade war is working in favor of the US. The US economy is growing, the stock markets are setting records almost daily.
A better question is: will Xi give Trump a victory and a "fair" trade deal, or will Xi try to make life difficult for Trump in hopes of getting democrats a win in 2020?
Bloomberg - Are you a robot?

The Chinese technological revolution was founded in large part on the theft of US intellectual property.
Competing With China on Technology and Innovation
"Aside from broader issues of trade and economics, the United States and Japan should consider the specific risks and opportunities related to competition with China in high-tech innovation. A so-called fourth industrial revolution is under way, a revolution characterized by discontinuous technological development in areas like artificial intelligence (AI), big data, fifth-generation telecommunications networking (5G), nanotechnology and biotechnology, robotics, the Internet of Things (IoT), and quantum computing. Breakthroughs in these fields can potentially shift the future balance of economic and military power, prompting governments and large corporations to compete aggressively now over their development and applications."

So whose side are you on?

Here’s a problem with your opinion.

Trump tariffs is NOT working if it does he could have sign the agreement with Xi.
True. China’s economy is slowing down but doesn’t mean they are backing off. In reality Chinese are jerking Trump around.

At the same time we the consumers are paying the tariffs that this inept POTUS has imposed.

Not a single businesses, technologies, manufacturers, retailers, farmers, importers, exporters support this ...... Stupid Trade Wars. NONE. NOBODY except the idiots.

Exactly. If Trump was winning the trade war US manufacturing would be growing not declining as it is currently.

The US current account is headed in the wrong direction again after Obama fixed it.

"Obama fixed it"

LOL

He did. Obama fixed it like he did our dependence of foreign oil, race relations, the medical industry, and those manufacturing jobs that were "never going to come back."

 

[Ame®icano]

The USA. Donald Trump lost the popular vote. He is a bogus POTUS.

Fuck off, commie.

 

[Fort Fun Indiana]

and those manufacturing jobs

Yeah, i mean, look how much better since trump!:

You freaks have no idea what you are talking about. Just a bunch of cultish sheeple, regurgitating whatever nonsense the right wing nutsacks are vomiting on yer AM radio...

 

[JGalt]

and those manufacturing jobs

Yeah, i mean, look how much better since trump!:

You freaks have no idea what you are talking about. Just a bunch of cultish sheeple, regurgitating whatever nonsense the right wing nutsacks are vomiting on yer AM radio...

You're an idiot. And Happy Thanksgiving, idiot...

 

[Fort Fun Indiana]

and those manufacturing jobs

Yeah, i mean, look how much better since trump!:

You freaks have no idea what you are talking about. Just a bunch of cultish sheeple, regurgitating whatever nonsense the right wing nutsacks are vomiting on yer AM radio...

You're an idiot. And Happy Thanksgiving, idiot...

Haha, you moron. Look at how stupid you are. Obama was president for more than 24 months, and trump has been president for mote than 20 months. Damn you are stupid and gullible. Morons like you are why someone much smarter than you made that hilariously cherry picked graphic. They literally get paid to fool idiots like you.
. The chart i presented shows the reality.

 

[Ame®icano]

China is playing the long game while Donald Trump fiddles.

You're rooting for your team, of course.