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Trade wars are good and easy to win!
GDS
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https://thehill.com/policy/finance/452767-us-imports-to-china-plunge-amid-trade-war
US trade deficit with China increases
U.S. exports to China dropped sharply last month as the Trump administration and Beijing appear no closer to reaching a deal to end a months-long trade war that has affected billions of dollars' worth of goods.
The Associated Press reported Friday that Chinese imports from the U.S. were down 31.4 percent from the same time last year, while the country's surplus from trade with the U.S. grew by 3 percent. U.S. imports from China dropped by a far lower rate — down just 7.8 percent over last year.
US trade deficit with China increases
U.S. exports to China dropped sharply last month as the Trump administration and Beijing appear no closer to reaching a deal to end a months-long trade war that has affected billions of dollars' worth of goods.
The Associated Press reported Friday that Chinese imports from the U.S. were down 31.4 percent from the same time last year, while the country's surplus from trade with the U.S. grew by 3 percent. U.S. imports from China dropped by a far lower rate — down just 7.8 percent over last year.
Comments
Thanks!
I suspect in the near future you will eat these words as well but keep hope alive!
You can't win a war without some pain.
Or just lay down and let China buy you like they did Biden
Hope your feeling lots of pain
Not the usual crowd, either.
But if a tariff helps us beat China they are against it
I don't need cheap knock off shit so nothing's changed for me
There seems to be a little mutually assured destruction going on here Cold War style. Seems to be the time to lay some tuff lumber on the Chinese and make them play real capitalism with the ultimate capitalist big boy. If not now, when.
I'm not a Trump guy 75%+ of the time, but playing hardball with China seems worth a go. Of course it's going to be painful. Paying the price of gaining ground always hurts. I think it's more than IP theft; it's simply unfair trade. We have a much harder time competing in their markets than they do in ours. I know this for a fact because we? (my company) exports to China. We have teams of people just to deal with their layer upon layer of import agents. As I've said in another thread, things we take as blatant dishonesty here passes for routine business there. You either have a hammer to deal with that or you don't, and if not, you shut up and eat it. If you do, and I think we do, then you swing it. Vito Corleone style.