The deficit is easy to fix. Stop importing so much crap you don't really need from China and start exporting stuff China needs to China.

Australia doesn't have this problem with China and we're much smaller than the USA.

Great idea. Stop buying;

Electrical machinery, equipment: US$599 billion (26.4% of total exports), Machinery including computers: $382.9 billion (16.9%)
Furniture, bedding, lighting, signs, prefab buildings: $89.8 billion (4%)
Clothing, accessories (not knit or crochet): $73.6 billion (3.2%)
Knit or crochet clothing, accessories: $72 billion (3.2%)
Optical, technical, medical apparatus: $70.6 billion (3.1%)
Plastics, plastic articles: $70.6 billion (3.1%)
Vehicles: $67.4 billion (3%)
Articles of iron or steel: $57.3 billion (2.5%)
Toys, games: $55.3 billion (2.4%)etc.

https://ei.marketwatch.com/Multimedi...a-ac162d7bc1f7

China?s Top 10 Exports

https://www.marketwatch.com/story/he...cit-2018-03-23

Even theEU has succumbed to China. https://ec.europa.eu/eurostat/statis...ods_statistics

This is people's jobs, livelihoods, futures our politicians have given away.

Keep coming up with those brilliant ideas AK.

The trick is to export more than you import.

Australia can do it, so can other countries. It's just a matter of political will and resources.

Australia has a lot of resources.

We have the largest and most technologically powerful economy in the world. And Trump is only making it stronger by strengthening our trade. Call it whatever you want but you're not fooling anyone.

Paul still does not get it...the chairs on the "there are a limited amount of buyers" ship have just been rearranged and nothing more...there is no way to create sudden new extra buyers with tarrifs...you can only make china buy more from the USA but less from south korea for example...and the USA sells to south korea as well and their exports just went down...

The EU will feel this and so will all US trade partners in asia...the USA took a piece of their cake not chinas...china needs x ammount of goods and no more...it is a carrot for dangling in front of red hats...

Trump is a useful idiot...xi gives no shits...his total spending remains the same...magic beans paul...magic beans...

Can you please explain how this has created new buyers in china without hurting existing buyers outside of china?...this should be good...

Do you think China doesn't import anything? You whole shuffling of the deck chairs doesn't work here.

You are confused...nothing has changed for china other than they will buy 1 trillion from the USA instead of US trade partners...their needs remain the same...they did not increase because of trump...can you not understand that they will not stockpile goods they do not need? For fucks sake how do you not get it?

The chairs have been rearranged...no new chairs...

Oh ok, well they arranged the deck chairs in our favor then. I guess this is the only way you can downplay it?

Are you actually trying to say China buying a trillion dollar of US goods is bad? or it doesn't matter? So this is a bad thing for the US economy? And as if China's needs are on a fixed basis.

Oh my god how do you not get it? Can you not understand that UStrade partners will now buy less from you because you just cost them 1trillion$ and not china? Your total sales remain the same...no new buyers were created with tarrifs...aliens did not come in UFOs and hypnotize people to spend more money...you basically fucked everybody but china and they buy US goods as well...

Holy shit if you do not get it now I give up...

Oh so now all our trading partners won't buy anything from us :1orglaugh

We're done!! Blumph zinged us again!!!

Yes they will have less money because china buys from you and not them to the tune of 1 trillion...nothing changed for china except for suppliers...

Your trade partners now have 1trillion$ less purchasing power...they got fucked not china...

No...new...buyers...

"Those jobs are never coming back"
- Obama

https://i.imgur.com/Wj9Z5AM.jpg

https://www.scmp.com/news/china/econ...st-record-june

Maybe Trump should reopen the coal mines.

They're trying to spin a good thing into a bad thing because Trump got something done previous Presidents ignored.

What he meant was they're never coming back under governments run by people committed to giving more jobs away.

Whether you like Trump or not at least he's trying to put things right or closer to right than previous Presidents.

There's no need to do what AK suggests if Trump turns the tap down on imports. He's trying to block as many illegal immigrants crossing the Southern Border and taking low paid jobs away from Americans of all colours, mostly Black and Hispanic, forcing employers to pay better. With the wall and electrical surveillance apparatus there will be less need for human guards. Which is good as border control has an employment problem at the moment. Next move has to be enforcing the present laws on employing illegals. With fines used to fund ICE.

Previous President ignored the problems, except for Obama. Trump is addressing it head on. But instead of getting behind him on these issues, Liberals are bent of curbing them. Do they really want less jobs for Americans?

Trump has had our government shut down for 30 days.

Why do you ignore this Paul Markham?

Lol old man Paul seems to think if some magical way all the brown immigrants stopped coming to America that all the white trash and poor minority citizens are going to fill those grape picking jobs for minimum wage.

He doesn't realize that those brown immigrants are being hired simply because those white trash and poor minority citizens don't want to do those jobs for minimum wage + the employers want to pay less than minimum wage.

If the brown immigrants vanished, the employers are going to have to do their own work. They don't want to.

America is full of entitled lazy people. And the ones who aren't, make way more money doing much better things.

If Trump's idea of "making America great again" is shifting our minority citizens and white trash back to peasant cotton pickers and coal diggers... he's sadly mistaken. We've already figured out we can get rich learning Photoshop and such. The lazies are going to stay lazy.

Paul Markham is a geritric British economic immigrant to landlocked Czechia that thinks Trump is the great white hope of America thats going to increase the white population and it's wealth while decreasing the brown population.

His mentality is stuck somewhere in the past (like trump)

Got people out here becoming millionaires by simply recording themselves unwrapping toys with their kids, building box forts and shit, playing videos games and posting it on youtube... Ain't nobody about to fill that labor void.

Reality is, America needs to stop meddling around down there helping all that shit become as dangerous as it is... Playing grab-ass with them dictators and such. Leave them folks alone and they won't be running from your terror to your safe haven.

Yes they never had to stoop down to rearanging chairs...you just lack the IQ to understand

Nevermind...

New Chinese trade data out today confirms EXACTLY what I said. In the effort to front-run tariffs, US companies front-loaded months of imports into October and November. Now, those companies have too many goods, and the payback to the front-running is underway.

Chinese exports to the USA collapsed YoY:


Any more Wall Street Journal analysis you want to quote to me Bladewire?

Any links my friend?

Sure thing: https://www.zerohedge.com/news/2019-01-20/china

That's an ultra right wing nut repuke site.

Any source links from financial institutions? Governments? Companies?

Character assassination is typically the last rhetorical resort of one who cannot win an argument on the merits.

Regardless of the political leanings of the web site, I have NEVER found them to misreport or distort any economic figures. It is a superb alternate site for economics, and this article contains all the numbers and charts that were released only minutes before they went up from official Chinese government sources.

If you want to wait 12 hours, you will be able to google for yourself to confirm the chart.

Chinas exports $USD 2500 Billion P/A, Trumps tariffs are about 50 billion currently, threatening 200 billion. do your own math on that and how much effect they may have..

China will very much do a deal with Trump, their just in it for the money. But long term he's fucked America, first and foremost giving American products a bad name to Chinese consumers, and secondly expediting China going out and making deals to REPLACE YOU.

Chinese Government is causing their slow down from a campaign to reduce debt and risky lending in the economy, ie.. The Chinese Government themselves have put the breaks on.

It's the same here in Aus, its a race to reduce debt and risky lending in the economy.

All the graphs show is Chinas doing everything to slow down and despite trump breaking every piggy bank the USA had.. your barely able to keep up.

:thumbsup

Finally someone with commonsense in this thread :2 cents:

Black and Brown Americans exist too. So stop thinking this is a racist issue.

The cost of low paid jobs done by illegals goes beyond just picking crops. The jobs that have had their pay downgraded to the point they're so low, that it's better to be on welfare cost taxpayers a fortune.

It was always my ethic that businesses paid enough for their employees to live on. You don't support that idea. People to pick crops can be replaced by machines, replaced by legal migrants and by employers pay enough to encourage workers to do the work. But racist like you would rather pay more in taxes to support big businesses. :upsidedow

China's economic growth is down, to a paltry 6.5%.

Europe is 1.9%

America 2.3%

Do you see the long term effect of this?