Trade Deficit

Discussion in 'Economy' started by shoooot9, Mar 14, 2006.

  1. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    25,792
    Thanks Received:
    2,538
    Trophy Points:
    275
    Location:
    Okolona, KY
    Ratings:
    +6,208
    Granny says, "Dat's right - The Donald gonna fix dat...
    [​IMG]
    USA Has Run Annual Trade Deficits for 41 Straight Years
    February 7, 2017 | With the United States running trade deficits in both goods and services combined and goods alone in 2016, the nation has not seen a trade surplus in any of the last 41 years, according to data published by the Census Bureau.
    See also:

    2016 U.S. Merchandise Trade Deficit: $734,316,300,000
    February 7, 2017 | The United States ran a merchandise trade deficit of $734,316,300,000 in 2016, according to data released today by the Census Bureau.
     
    Last edited: Feb 8, 2017
  2. expat_panama
    Online

    expat_panama Gold Member

    Joined:
    Apr 12, 2011
    Messages:
    2,881
    Thanks Received:
    339
    Trophy Points:
    130
    Ratings:
    +536
    A lot of folks say that but I haven't been hearing him lately talk about ending the trade deficit. He's not an idiot; he knows that when the trade deficit's big everyone's working but when it shrinks people lose their jobs:
    [​IMG]
    --and he knows the same works for factory output:
    [​IMG]
    Not everyone understands why this happens but everyone has to chose between accepting reality on its own terms or living a fantasy.
     
  3. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    25,792
    Thanks Received:
    2,538
    Trophy Points:
    275
    Location:
    Okolona, KY
    Ratings:
    +6,208
    Could cause the loss of American freedom and prosperity...
    [​IMG]
    US trade deficits are a threat to national security: Navarro
    Tuesday 7th March, 2017 | WASHINGTON: The Trump administration's top trade advisor said on Monday (Mar 6) US trade deficits are a threat to national security that could cause the loss of American freedom and prosperity.
     
  4. frigidweirdo
    Offline

    frigidweirdo Platinum Member

    Joined:
    Mar 7, 2014
    Messages:
    31,879
    Thanks Received:
    3,189
    Trophy Points:
    1,130
    Ratings:
    +13,239
    The desire to change education to meet the needs of the future appears to be nil in government and among the partisan. The desire to control the economy to benefit the country appears to be nil too, so the US will simply have to fit into the spaces people leave for them in the future.
     
  5. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    25,792
    Thanks Received:
    2,538
    Trophy Points:
    275
    Location:
    Okolona, KY
    Ratings:
    +6,208
    U.S.-China Trade Deficit Set January Record...

    -$35,952,800,000: U.S.-China Trade Deficit Set January Record
    March 7, 2018 | The U.S. merchandise trade deficit with the People’s Republic of China set a record for the month of January, hitting $35,952,800,000, according to data released today by the Census Bureau.
     
  6. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    25,792
    Thanks Received:
    2,538
    Trophy Points:
    275
    Location:
    Okolona, KY
    Ratings:
    +6,208
    Granny says, "Dat's right - China's cheatin' onna sly...

    Ryan on Trade Deficit: ‘The Problem Is’ China is ‘Skirting the Rules’

    July 13, 2018 | When asked about the potential danger a trade deficit with Communist China could pose to the United States, House Speaker Paul Ryan (R-Wisc.) said the real problem is that China steals intellectual property and doesn’t play by the rules.
    See also:

    Cramer: I think Trump is winning the China trade war, and the US stock market backs me up

    Fri, 13 July 2018

    • President Trump is beating China in a trade war that could soon escalate, CNBC’s Jim Cramer says.
    • “I think we're winning," the "Mad Money" host argues. "The market is saying we're winning.”
    • On Tuesday, the White House released a list of 10 percent tariffs on $200 billion in Chinese goods.
     
    Last edited: Jul 14, 2018
  7. EdwardBaiamonte
    Offline

    EdwardBaiamonte Platinum Member

    Joined:
    Nov 23, 2011
    Messages:
    31,918
    Thanks Received:
    1,308
    Trophy Points:
    1,100
    Ratings:
    +4,369
    Trade deficits are mostly due to liberal taxes, liberal unions, and liberal regulations.

    The affects are made worse by 30 million liberal illegals, and the liberal war on the families, schools and religion of America which render millions of Americans unfit for work.
     
  8. expat_panama
    Online

    expat_panama Gold Member

    Joined:
    Apr 12, 2011
    Messages:
    2,881
    Thanks Received:
    339
    Trophy Points:
    130
    Ratings:
    +536
    That's absolutely right when it comes to political trade balances. Political economic accounts are somewhat related to real life economic balances, just like global warming temperatures are vaguely like real life temperatures.

    Except that even though the political kind is much better for yelling louder than everyone else, it's just not very good for serious stuff like say, earning a living.
     
  9. Supposn
    Offline

    Supposn VIP Member

    Joined:
    Jul 26, 2009
    Messages:
    1,474
    Thanks Received:
    46
    Trophy Points:
    73
    Ratings:
    +144
    Expat_Panama, annual trade deficits, are ALWAYS net detrimental to their nation's GDP and due to lesser domestic production, they do drag upon their nation's numbers of jobs.

    Respectfully, Supposn
     
  10. expat_panama
    Online

    expat_panama Gold Member

    Joined:
    Apr 12, 2011
    Messages:
    2,881
    Thanks Received:
    339
    Trophy Points:
    130
    Ratings:
    +536
    Absolutely! Everyone knows that the formula for production is--

    Production = Production&tradedeficit - Trade deficit

    --and the bigger the trade deficit then the more production&tradedeficit get reduced.
     

Share This Page