US trade deficit with China jumps 30% in April

Desk trauma said:

Sigh.

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Its true.

W2L said:

Its true.

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And wholly irrelevant to this discussion.

nvm

essentialsaltes said:

Total US trade deficit declined 2.1%, but the deficit with China got much bigger.

"The deficit in the trade of goods with China rose 29.7% to $26.9 billion. Merchandise exports to China dropped 24.3%, and imports climbed 11.6%."

Some people have hypothesized that 'China needs our trade more than we need theirs'. But when the rubber hits the trade war, they've stopped buying our goods, and we're still buying theirs.

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Donald Trump "It is easy to win a trade war."

General Santa Anna following the Alamo "Another victory like this and we will lose the war."

Aryeh Jay said:

All just part of the masterful plan that he hints at in his bestselling book.

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Like I said, part of the plan.
China is next to cave to the will and superior negotiating abilities of the most successful businessman elected President ever.
US makes deal with Mexico on tariffs, immigration, Trump announces

Hank77 said:

Who are the tariffs actually hurting?

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Let's see, the U.S. has the strongest GDP growth of any modern economy.
Economy Growth & First Quarter -- 3.2 Percent Outpaces Expectations | National Review

China just clocked their lowest growth year in almost 3 decades
China's economy grew 6.6% in 2018, the lowest pace in 28 years

Clearly, this is failing! Failing!

Heritage Expert: Tariffs Are in Fact Big Job Killers
How Tariffs and Regressive Trade Policies Hurt the Poor

No matter how many times the Heritage Foundation screeches the sky is falling, and then turns out to be completely wrong - don't hold that against them. They're bound to be right one of these days!

PLEASE give us Joe Biden so he can ensure things get back to speed and we can take our rightful place as a Chinese vassal. Sanders may well double down on these horrible icky tariffs and get even more deplorable Americans additional manufacturing jobs. Yuck!
我崇拜人民共和国

W2L said:

One field that could use more workers might be in construction.

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I'd have been much more okay with the federal government borrowing a trillion dollars (or whatever the deficit on the tax cut was) to sink into infrastructure upgrades than I am with them borrowing it to give a bunch of rich people tax breaks.

double post

iluvatar5150 said:

I'd have been much more okay with the federal government borrowing a trillion dollars (or whatever the deficit on the tax cut was) to sink into infrastructure upgrades than I am with them borrowing it to give a bunch of rich people tax breaks.

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There were a couple of huge structural expenditures that could have been paid for with the tax cut. Infrastructure repair and update would have had huge impact on the economy by both making it more efficient to do business as well as directly employing people. Student loan forgiveness would also probably have juiced the economy by freeing a lot of disposable income from what can be used instead as a house payment.