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Senior Contributor

China trade surplus

hits new high ....... $323.3 billion.

 

up 17 % from 2017.

 

largest imbalance in 10 years.

9 Replies
Highlighted
Senior Contributor

Re: China trade surplus

No beans and corn going out to counter other purchases.

 

Winning trade wars!

Highlighted
Honored Advisor

Re: China trade surplus

Perhaps we should increase the tariffs from 25% to 35%?  It`s a great source of revenue that ain`t my income taxes! 

 

 

Yes yes yes, I know "but but but, it`s Ameeeerican consumers paaaaaying more!!!" yeah yeah yeah I know that, but serves Ameeeericans right for buying the cheap china junk.

Highlighted
Honored Advisor

Re: China trade surplus

U.S. produces $10 billion in wheat annually, US runs a $360 billion trade deficit with China.  If China bought all the U.S. wheat, how much difference would it make?

Highlighted
Senior Contributor

Re: China trade surplus

Lolololol..... this website hates facts and keeps erasing any real information.   

 

Just posted a link to CNN article about the trade going to 0 deficits because of China capitulated with over a trillion in new imports over 6 years... and poof, that reply and the one prior go missing.  

 

They are very, very scared of the success we are having.  

 

https://www.bloomberg.com/news/articles/2019-01-18/china-is-said-to-offer-path-to-eliminate-u-s-trad...

Highlighted
Senior Advisor

Re: China trade surplus

Good read. Bloomberg doesn't know if it will work because they don't know if US farmers can raise that many beans.

Highlighted
Honored Advisor

Re: China trade surplus

Without Trump`s tariffs that brought China to it`s knees, you would not be reading stories like that.  President Jeb or Hillary fugetaboutit! it`d be same ol same ol.   Tariffs are working, but China is bullheaded and it took awhile to learn their lesson. We basically could turn "developing" China into a 3rd world economy within one year, if that`s how they want to play the game.

Highlighted
Senior Advisor

Re: China trade surplus

"Fixing" it too quickly could cause some other problems -- increased domestic prices, inflation, interest rates, stronger dollar causing exchange rate decrease in exports to other countries.

Highlighted
Senior Advisor

Re: China trade surplus

6 years is not that quick. 2 years.......could be I guess. 3-4 years about right.

Highlighted
Senior Contributor

Re: China trade surplus


@WCMO wrote:

"Fixing" it too quickly could cause some other problems -- increased domestic prices, inflation, interest rates, stronger dollar causing exchange rate decrease in exports to other countries.


 

WCMO, we are going to have to think about the future differently than we have about the past.  Things have changed and are changing.  

 

"Trump to become first foreign leader to dine in Forbidden City since founding of modern China"

https://www.cnn.com/2017/11/07/politics/trump-forbidden-city-beijing-china/index.html

 

Why?  Because of what is about to happen.  

 

Inflation and deflation manipulation by the fed is about to go the way of the Dodo bird.  We are going to a gold backed dollar. 

 

https://www.congress.gov/bill/116th-congress/house-bill/25/text

 

China has been in the process of Gold back yuan.  https://seekingalpha.com/article/4104448-chinas-new-gold-backed-oil-futures-contract-cuts-u-s-dollar...  https://dailyreckoning.com/u-s-helping-china-accumulate-gold/

 

In our current system, the dollar is always in a general loss of value decline with exceptions of small periods where things are manipulated.

  

 

 

 

They system really has been rigged.  We can never repay the debt, its structured so that it is impossible.  We can only lose.  No we are in the process of cutting out the cancer from our system.  Doing this at the pace we are, is past amazing.  But it is all planned.  We will be more than okay.  For multiple reasons- fixing trade, stopping manipulation of the value of the dollar, ending the death tax, reduction of excessive regulations our farmers and ranchers will be far wealthier than we have ever been.