Cue “it doesn’t matter that China is hoarding all this wealth, because modern voo doo economics trump reality”.
purdue_fan on
So Trumps actions made China richer?
Used_Heron1705 on
This news along with India clocking a 8%+ growth rate tells me that Trump and his advisors have no clue what is going on. The trade tariffs were supposed to bring China to the negotiating table and Trump called India a dead economy. and yet here we are.
57696c6c on
The U.S. is the richest third world country.
SwvellyBents on
Looks like many of the US‘ former trade partners got tired of threats, insults and posturing and found a new trade partner.
ChiefStrongbones on
The #1 contributor to the trade deficit between the USA and China is the Great Firewall of China blocking all US internet services from the Chinese market.
Google, Facebook, YouTube, Twitter, Netflix are all blocked. The reason is protectionist trade. Those companies would be earning billions in pure profit from Chinese consumers. China wants those profits being earned by Chinese companies, not American companies.
TheHomersapien on
>But as trade with the U.S. weakens, China is diversifying its export markets throughout Southeast Asia, Africa, Europe and Latin America.
Filthy communists and their woke diversity!
mxguy762 on
Hell we’ve spent the last 25 years giving them all our money and building their manufacturing infrastructure. Now we kinda looking like the dummies aren’t we lol.
Realistic_Robot_705 on
I wonder will the trade surplus numbers be found out to be inflated later, just like their proclaimed GDP numbers?
RozyBarbie on
„China’s economy is collapsing tomorrow.“
Gordon Chang
n4spd2 on
yah, but we’ll have the first trillionaire
PolloConTeriyaki on
Lol makes sense. The US wants to be a manufacturing hub but they have no resources or imports of raw material.
DjImagin on
So about “holding the cards”……..
toeknn on
I read this as the hollowing of US industry hasnt changed pace despitr tarrifs. And i also read it as the industrial hollowing of other nations(prob germany) has accelerated.
Lonely-Abalone-5104 on
Trump has caused all this. The question is did he mean to or not. He seems to not care at all about Americans. He supports Argentina and Russia and spits on allies. I feel like Trump wants to become a new world order with China Russia and Korea
Cantbelosingmyjob on
We did it! We fixed the economy.
Now we can focus on fixing the us economy
Geo85 on
This information according to who?
faux_italian on
Trump: our trade surplus was just announced as-well. 1 trillion and 1 dollars, i dunno but we are taking in trillions.
Sbrubbles on
This means China (government plus citizens) now owns 1 trillion more from the world.
wtfrman on
Trump said we’re winning so much. I guess we as in China and Trump
Falanin on
People still drink Surge?
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21 Kommentare
Cue “it doesn’t matter that China is hoarding all this wealth, because modern voo doo economics trump reality”.
So Trumps actions made China richer?
This news along with India clocking a 8%+ growth rate tells me that Trump and his advisors have no clue what is going on. The trade tariffs were supposed to bring China to the negotiating table and Trump called India a dead economy. and yet here we are.
The U.S. is the richest third world country.
Looks like many of the US‘ former trade partners got tired of threats, insults and posturing and found a new trade partner.
The #1 contributor to the trade deficit between the USA and China is the Great Firewall of China blocking all US internet services from the Chinese market.
Google, Facebook, YouTube, Twitter, Netflix are all blocked. The reason is protectionist trade. Those companies would be earning billions in pure profit from Chinese consumers. China wants those profits being earned by Chinese companies, not American companies.
>But as trade with the U.S. weakens, China is diversifying its export markets throughout Southeast Asia, Africa, Europe and Latin America.
Filthy communists and their woke diversity!
Hell we’ve spent the last 25 years giving them all our money and building their manufacturing infrastructure. Now we kinda looking like the dummies aren’t we lol.
I wonder will the trade surplus numbers be found out to be inflated later, just like their proclaimed GDP numbers?
„China’s economy is collapsing tomorrow.“
Gordon Chang
yah, but we’ll have the first trillionaire
Lol makes sense. The US wants to be a manufacturing hub but they have no resources or imports of raw material.
So about “holding the cards”……..
I read this as the hollowing of US industry hasnt changed pace despitr tarrifs. And i also read it as the industrial hollowing of other nations(prob germany) has accelerated.
Trump has caused all this. The question is did he mean to or not. He seems to not care at all about Americans. He supports Argentina and Russia and spits on allies. I feel like Trump wants to become a new world order with China Russia and Korea
We did it! We fixed the economy.
Now we can focus on fixing the us economy
This information according to who?
Trump: our trade surplus was just announced as-well. 1 trillion and 1 dollars, i dunno but we are taking in trillions.
This means China (government plus citizens) now owns 1 trillion more from the world.
Trump said we’re winning so much. I guess we as in China and Trump
People still drink Surge?