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U.S. merchandise trade deficit with
#China set a record through April, hitting $119,050,900,000 for the first four months of 2018, according to data released today by the Census Bureau. https://www.cnsnews.com/news/article/terence-p-jeffrey/119050900000-trade-deficit-china-set-record-through-april …@cnsnews -
So what ? The trade deficit means absolutely nothing . USA Consumers are buying inexpensive goods and services from China . China turns around and invests that money here . The burden of proof remains on you to prove that trade deficits hurt the consumers of the USA .
End of conversation
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The truth is... it was never going to be easy to change the routine... where the US bends over and takes it. We've done it for so very long, the countries taking advantage were always going to be upset in the beginning.
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That's stupid. If Trump raises tariffs, which directly harms American consumers, why wouldn't we blame him?
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What is the difference between a Trade War and a shooting war? In a shooting war each government shoots at and tries to harm the citizens of the OTHER country. In a trade war, each government raises taxes on and damages its own citizens. Grover Norquist
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“In a time of war, we blockade shores so enemies can’t benefit from our goods. In times of peace, we do the same thing to ourselves.” Milton Friedman
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