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

[colfax_m]

The OP must be a millennial.

"If it doesn't happen the moment it is stated, then it is a failure."

China is playing the long game, and Americans whine when their instant oatmeal takes more than 20 seconds.

Trump set the expectation that he’d be able to fix this very quickly.

 

[Theowl32]

The OP must be a millennial.

"If it doesn't happen the moment it is stated, then it is a failure."

China is playing the long game, and Americans whine when their instant oatmeal takes more than 20 seconds.

Trump set the expectation that he’d be able to fix this very quickly.

Very quickly is a relevant term and he also said there would be some pain along the way.

 

[Harpy Eagle]

The OP must be a millennial.

"If it doesn't happen the moment it is stated, then it is a failure."

China is playing the long game, and Americans whine when their instant oatmeal takes more than 20 seconds.

Trump set the expectation that he’d be able to fix this very quickly.

Very quickly is a relevant term and he also said there would be some pain along the way.

Yes, it is the relevant term and it did not happen.

 

[C_Clayton_Jones]

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. ...

It’s pointless relating facts and the truth to Trump cult members – they’ll only ignore both.

 

[colfax_m]

The OP must be a millennial.

"If it doesn't happen the moment it is stated, then it is a failure."

China is playing the long game, and Americans whine when their instant oatmeal takes more than 20 seconds.

Trump set the expectation that he’d be able to fix this very quickly.

Very quickly is a relevant term and he also said there would be some pain along the way.

How many years do you think qualifies as “very quickly” and would you mind pointing out where he said there’d be pain along the way? Specifically when he was campaigning would be the most relevant time frame.

 

[Theowl32]

The OP must be a millennial.

"If it doesn't happen the moment it is stated, then it is a failure."

China is playing the long game, and Americans whine when their instant oatmeal takes more than 20 seconds.

Trump set the expectation that he’d be able to fix this very quickly.

Very quickly is a relevant term and he also said there would be some pain along the way.

How many years do you think qualifies as “very quickly” and would you mind pointing out where he said there’d be pain along the way? Specifically when he was campaigning would be the most relevant time frame.

All depends. This is china knowing there are politicians here and American citizens like you waiting out the Trump presidency.

Meaning they are obviously hoping their allies in the democrat party, and propaganda passed by the marxist American hating gasbags in the media will continue to convince sucker hypocrites like you that the long term more fair trade deal Trump is committed to is incompetent.

Just like you are doing in this thread. You leave out the vast ways it will work, and has been working. Instead you pretend to care about the farmers in flyover country you normally ridicule.

Bottom line.

It would work a lot quicker if there weren't such demented ignorant American citizens that hate the free market that makes us the country so many are desperately trying to get to.

 

[colfax_m]

The OP must be a millennial.

"If it doesn't happen the moment it is stated, then it is a failure."

China is playing the long game, and Americans whine when their instant oatmeal takes more than 20 seconds.

Trump set the expectation that he’d be able to fix this very quickly.

Very quickly is a relevant term and he also said there would be some pain along the way.

How many years do you think qualifies as “very quickly” and would you mind pointing out where he said there’d be pain along the way? Specifically when he was campaigning would be the most relevant time frame.

All depends. This is china knowing there are politicians here and American citizens like you waiting out the Trump presidency.

Meaning they are obviously hoping their allies in the democrat party, and propaganda passed by the marxist American hating gasbags in the media will continue to convince sucker hypocrites like you that the long term more fair trade deal Trump is committed to is incompetent.

Just like you are doing in this thread. You leave out the vast ways it will work, and has been working. Instead you pretend to care about the farmers in flyover country you normally ridicule.

Bottom line.

It would work a lot quicker if there weren't such demented ignorant American citizens that hate the free market that makes us the country so many are desperately trying to get to.

I come from a long line of those farmers in flyover country. My family still are farmers in flyover country. I don’t pretend to care about anyone. I actually do.

Between the two of us, you’re the only one ridiculing Americans.

I’m just looking for actual results. So far, there has been very little with that regard. You may hold onto hope of what could happen but I’m going to stay firmly planted in reality.

 

[Meathead]

record oil and gas exports from the USA

MAGA Baby!

 

[CWayne]

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. ...

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?

You know that China will manipulate American voters to achieve a Democrat victory -- or attempt it -- so that they do not have to face the pushback on their economic and intellectual thievery.

The sums of money involved here compel them to try and take down anyone involved is slowing their progress.

 

[CrusaderFrank]

Looks like Progressive eagerly support ChiCom persecution of Muslims

Leaked Xinjiang Papers Confirm The Chinese Communist Party Is Full Of Lying Murderers

 

[CWayne]

The OP must be a millennial.

"If it doesn't happen the moment it is stated, then it is a failure."

China is playing the long game, and Americans whine when their instant oatmeal takes more than 20 seconds.

Trump set the expectation that he’d be able to fix this very quickly.

Not really. Anyone with any modicum of understanding regarding economic interactions between nations knows that if someone says this will happen soon, soon = 18 months to 10 years.

On the world stage, economic issues just don' turn on a dime unless it a market crash. We don't make policy or write treaties regarding trade in a single piece of paper in an afternoon over coffee.

 

[CrusaderFrank]

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. ...

It’s pointless relating facts and the truth to Trump cult members – they’ll only ignore both.

Let's reward ChiComs for: IP Theft, persecution of Christians, Muslims, Hong Kong and send back everything - even toothpicks with spyware

You must be a ChiCom bot

 

[CWayne]

The OP must be a millennial.

"If it doesn't happen the moment it is stated, then it is a failure."

China is playing the long game, and Americans whine when their instant oatmeal takes more than 20 seconds.

Trump set the expectation that he’d be able to fix this very quickly.

Very quickly is a relevant term and he also said there would be some pain along the way.

Yes, it is the relevant term and it did not happen.

It is actually a 'relative' term, meaning the scale is set by size of the issue.

Quick != to immediate.

 

[Theowl32]

The OP must be a millennial.

"If it doesn't happen the moment it is stated, then it is a failure."

China is playing the long game, and Americans whine when their instant oatmeal takes more than 20 seconds.

Trump set the expectation that he’d be able to fix this very quickly.

Very quickly is a relevant term and he also said there would be some pain along the way.

How many years do you think qualifies as “very quickly” and would you mind pointing out where he said there’d be pain along the way? Specifically when he was campaigning would be the most relevant time frame.

All depends. This is china knowing there are politicians here and American citizens like you waiting out the Trump presidency.

Meaning they are obviously hoping their allies in the democrat party, and propaganda passed by the marxist American hating gasbags in the media will continue to convince sucker hypocrites like you that the long term more fair trade deal Trump is committed to is incompetent.

Just like you are doing in this thread. You leave out the vast ways it will work, and has been working. Instead you pretend to care about the farmers in flyover country you normally ridicule.

Bottom line.

It would work a lot quicker if there weren't such demented ignorant American citizens that hate the free market that makes us the country so many are desperately trying to get to.

I come from a long line of those farmers in flyover country. My family still are farmers in flyover country. I don’t pretend to care about anyone. I actually do.

Between the two of us, you’re the only one ridiculing Americans.

I’m just looking for actual results. So far, there has been very little with that regard. You may hold onto hope of what could happen but I’m going to stay firmly planted in reality.

Yes, with that regard. However stop pretending your brethren on the left are not committed marxists who care about anyone in the square states. Don't tell me what the flyover country's social values are and how you and the rest of you view them.

The fact is that it trade war (whatever) is not without it's victims. However, the long term benefits for the country overall is far better if we are trading from a position of strength.

Stop avoiding how badly the US was being screwed and stop pretending that the American hating globalist left don't love it.

Stop thinking we need to apologize to every shithole (yeah shithole) country that receives more aid for crap reasons.

 

[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.

 

[Harpy Eagle]

The OP must be a millennial.

"If it doesn't happen the moment it is stated, then it is a failure."

China is playing the long game, and Americans whine when their instant oatmeal takes more than 20 seconds.

Trump set the expectation that he’d be able to fix this very quickly.

Very quickly is a relevant term and he also said there would be some pain along the way.

Yes, it is the relevant term and it did not happen.

It is actually a 'relative' term, meaning the scale is set by size of the issue.

Quick != to immediate.

But that is not what the post said.

 

[Harpy Eagle]

Not really. Anyone with any modicum of understanding regarding economic interactions between nations....

which is why he thought he would be able to win the trade war quickly...they are easy to win remember.

 

[Zorro!]

There is nothing more frightening than stupidity in action. This needed to be done 20 or more years ago when we still had the leverage to win. Also I remember apocalyptic predictions that doing things for the working poor like minimum wage hikes would crash the economy. Peanuts compared to this. Trump has cost conservatives the ability to complain about government "meddling" in the economy.

Ridiculous.

2018 YTD Sept the Trade Deficit was $645,962.8
2019 YTD Sept the Trade Deficit was $649,461.2 that is 0.5% growth.

From 2017 to 2018 the deficit grew by 10.3% - he has cut the deficit growth by 95%

Foreign Trade - U.S. Trade with World, Seasonally Adjusted

 

[Theowl32]

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. ...

It’s pointless relating facts and the truth to Trump cult members – they’ll only ignore both.

Let's reward ChiComs for: IP Theft, persecution of Christians, Muslims, Hong Kong and send back everything - even toothpicks with spyware

You must be a ChiCom bot

All leftists are chicom American hating bots. That is an absolute established fact. So, I am not sure why we are not supposed to be treating them like the self promoting American hater traitors they all are.

 

[colfax_m]

Trump set the expectation that he’d be able to fix this very quickly.

Very quickly is a relevant term and he also said there would be some pain along the way.

How many years do you think qualifies as “very quickly” and would you mind pointing out where he said there’d be pain along the way? Specifically when he was campaigning would be the most relevant time frame.

All depends. This is china knowing there are politicians here and American citizens like you waiting out the Trump presidency.

Meaning they are obviously hoping their allies in the democrat party, and propaganda passed by the marxist American hating gasbags in the media will continue to convince sucker hypocrites like you that the long term more fair trade deal Trump is committed to is incompetent.

Just like you are doing in this thread. You leave out the vast ways it will work, and has been working. Instead you pretend to care about the farmers in flyover country you normally ridicule.

Bottom line.

It would work a lot quicker if there weren't such demented ignorant American citizens that hate the free market that makes us the country so many are desperately trying to get to.

I come from a long line of those farmers in flyover country. My family still are farmers in flyover country. I don’t pretend to care about anyone. I actually do.

Between the two of us, you’re the only one ridiculing Americans.

I’m just looking for actual results. So far, there has been very little with that regard. You may hold onto hope of what could happen but I’m going to stay firmly planted in reality.

Yes, with that regard. However stop pretending your brethren on the left are not committed marxists who care about anyone in the square states. Don't tell me what the flyover country's social values are and how you and the rest of you view them.

The fact is that it trade war (whatever) is not without it's victims. However, the long term benefits for the country overall is far better if we are trading from a position of strength.

Stop avoiding how badly the US was being screwed and stop pretending that the American hating globalist left don't love it.

Stop thinking we need to apologize to every shithole (yeah shithole) country that receives more aid for crap reasons.

The nice thing about individualism is that I don’t have brethren and I don’t answer for anyone else’s statements or opinions.

My opinion is that the trade deficit is a fake issue. The simple reason we have a trade deficit is that we are a wealthy country and China isn’t. We have lots of money and consumer demand and they have lots of poor people making things we want for little wages.

No trade deal is going to change that fundamental fact.