Trump to Democrats: Would you like some CROW with your Trade Policy
Watching President Trump embarrass the Democrats reminds me of play fighting with a child. You know, where you put your hand on their face, and the kid punches air.
Trump makes beating Democrats look so easy, it must make RINOs in Congress wonder how they ever lost to these feckless fairies.
While politicos on both sides of the aisle (as if there are really two sides) ran up massive trade deficits, President Trump identified the problem. Worse yet for DC, Trump actually decided to solve the problem.
To hear Democrats complain about trade policy, one would think that America runs a significant trade surplus. Even now, Leftists discuss Trump’s trade policy like we have something to lose. Really?! $800 billion dollars annually out the door, and that’s a win?
Did SCOTUS make the right decision on medical mandates for large businesses?
Only a bonehead Leftist would think of this as a win. And for those of you accusing me of “name-calling”, understand that the boneheads believe that a president who lost over 1,000 Democrat-controlled seats to Republicans during his tenure is the “greatest and smartest president ever!”.
I’d love for these clowns to explain to me how China can win a trade war, when America imports almost $400 BILLION more from them than we sell them.
China’s GDP is roughly $14 trillion, so our contribution represents almost 3 percent of their economy.
Below is a list highlighting 15 of China’s top trading partners in terms of export sales in 2017. Also shown is each import country’s percentage of total Chinese exports.
- United States: US$431.7 billion (19% of total Chinese exports)
- Hong Kong: $281 billion (12.4%)
- Japan: $137.4 billion (6%)
- South Korea: $102.8 billion (4.5%)
- Vietnam: $72.1 billion (3.2%)
- Germany: $71.2 billion (3.1%)
- India: $67.9 billion (3%)
- Netherlands: $67.3 billion (3%)
- United Kingdom: $57 billion (2.5%)
- Singapore: $45.7 billion (2%)
- Taiwan: $43.9 billion (1.9%)
- Russia: $43.1 billion (1.9%)
- Malaysia: $42 billion (1.8%)
- Australia: $41.6 billion (1.8%)
- Thailand: $38.8 billion (1.7%)
So the United States accepts almost 20 percent of China’s exports.
Moreover, our trade deficit would rank in the Top 20 countries in GDP, putting us around the size of the entirety of Saudi Arabia (#19).
Finally, our trade deficit with China alone would rank equal to the total economy of Israel (#33).
To put this succinctly, until President Trump came along, politicians were content to lose enough money in trade to fuel what would be one of the largest economies in the world.
What’s more scary is these same bumbling political idiots have learned nothing, as they continue to fight for the other side. And Democrats wonder why we consider them anti-American.
Luckily, Trump just lets them continue to swing at air, as he implements his trade policies. And as the old saying goes, “The proof is in the pudding.”.
As the Wall Street Journal reports,
China offered to purchase nearly $70 billion of U.S. farm, manufacturing and energy products if the Trump administration abandons threatened tariffs, according to people briefed on the latest negotiations with American trade officials.
In weekend talks in Beijing, Chinese negotiators led by Liu He, President Xi Jinping’s economic envoy, presented a U.S. team headed by Commerce Secretary Wilbur Ross a package that includes Chinese companies buying more U.S. soybeans, corn, natural gas, crude oil, coal and manufactured goods.
Chinese and U.S. officials estimated the value of the package at nearly $70 billion in the first year.
President Donald Trump has pressed China to commit to reduce the $375 billion U.S. merchandise trade deficit with China by $200 billion. Chinese officials are arguing this could go a long way toward meeting that target.
Let’s look at what just a $70 billion swing would mean for America.
$70 billion would be the 74th largest economy in the world, larger that Myanmar and just under the country of Luxembourg.
Who knows; perhaps President Trump will make some of these countries an offer, given our newfound riches.
What would returning billions of dollars annually mean to the U.S. economy?
Aside from more business going out of the country, the cash injection means new jobs, higher GDP, and hopefully paying down the debt.
The article warns of China’s reaction to a “trade war”:
Throughout the negotiations, Mr. Liu made clear to Mr. Ross that the offer would be void if Washington proceeds with its plan to impose tariffs on $50 billion of China-made products, the people briefed on the talks said.
President Trump hates wars but he loves negotiations. And if he even just slices our trade deficit in half, America would put $400 billion back into the economy annually. That’s a nice line item to add to his resume.