Regardless of where you stay in terms supporting Trump or not - what's your take on this? Is such disbalance really fair to US? Isn't it the side effect of chasing the cheap labor and offloading the manufacturing of everything to China? Doesn't deficit simply mean one side is in need of more products than other side and there is nothing to solve?
China is more concern about the war crimes happening and the lack of law after all George bush was never incarcerated after West fall act of 1988
Lol are you going to stop eating because you have a trade deficit with your supermarket?
Agreed. Unless I want to put a lot of effort into making my own stuff and be completely independent, I'm bound to supermarket. For US to solve the problem in fair way it'd mean to bring production back and likely jack up the price, but salaries won't catch up that fast. Then again who pays for that deficit? Citizens with their taxes?
That is correct. Saying there is a trade deficit and that it's a problem is such a simple perspective, it shows he has a very limited understanding of economics. I would say this about anyone. I have no love for Trump but I don't hate him either. He's just wrong, on a lot of topics.
I'm okay with a deficit to China over lower labor costs and better supply chains and economies of scale. I'm not okay with a deficit caused by blatant IP theft and currency manipulation.
You realize how many US companies are banned from doing business in China, or have to have a ioin partnership with China? Why is our market open to them but not vice versa ?
It's not. Trump has rejected Huawei contracts and Chinese buyouts
So at what level do you think a country could start to do biz fairly with the market such as the one in the US? Each nation has its own right and privilege to decide how they want to run their country. If you think China isn’t fair for your business, you have every right not to run your biz there. If you think China isn’t fair selling the cheap labor for all the toys, cloths, gadgets, you have every right not to buy them from China. Why are we complain while we are the beneficiary of cheap labors?
I'm totally cool with paying more so that American businesses are penalized for working with Chinese businesses. The Chinese don't allow our companies into their markets. Same with India. It's in our national security interests to manufacture steel, etc. in America. We should have never implemented NAFTA as well.
US is make a surplus from Canada and you believe we should never have NAFTA? https://amp.businessinsider.com/us-trade-surplus-deficits-other-countries-trump-tariffs-2018-3
what deficit are you talking about? that 370b+ trade deficits claimed by the US doesn’t include holistic trade activities such as services sold in China. If all trade activities counts, the story is different. https://amp.businessinsider.com/us-trade-surplus-deficits-other-countries-trump-tariffs-2018-3 Trump has just post the one-side story for his people to believe.
What? Your article literally states the US has a trade deficit of 500-600b a year.. 300 with China
It is interesting how do politicians fabricate a topic and everyone just follow the discussion. If 500b trade deficit is so deadly serious, how about the 985b government deficit? Do people realize that the trade deficit provides them clothes, electronics and furnitures, but government deficit may make them homeless one day?
Capitalism + globalization = trade imbalance