Article

2019-12-14 China-Japan-Koreas

US-China trade deal cuts tariffs for Beijing big farm purchases

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Posted by trailing wife 2019-12-14 01:18|| || Front Page|| [12 views ] Top
File under: Commies

#1 Call me when China buys USA made consumer goods.

Posted by g(r)omgoru 2019-12-14 02:58|| 2019-12-14 02:58|| Front Page Top

#2 Trump later told news hounds at the White House that he thought China would hit $50 billion in agricultural purchases

So how is the US going to close the other $450 billion/year of the trade deficit, not counting the theft?

Posted by Snusotle the Lesser4227 2019-12-14 06:10|| 2019-12-14 06:10|| Front Page Top

#3 Correction: the other $370 billion/year of the trade deficit

Posted by Snusotle the Lesser4227 2019-12-14 06:15|| 2019-12-14 06:15|| Front Page Top

#4 It looks like the trade deficit has been narrowing as of October 2019, Snusotle the Lesser4227. See here.

The US trade deficit narrowed to USD 47.2 billion in October of 2019 from a downwardly revised USD 51.1 billion in the previous month, and below market expectations of a USD 48.7 billion. It is the lowest trade gap since May of 2018. Imports slumped 1.7 percent to the lowest value in two years amid falling purchases of pharmaceutical preparations, auto parts, vehicles and cell phones Exports edged down 0.2 percent. The goods trade deficit with China narrowed 1.1 percent to USD 31.3 billion, as imports fell a meagre 0.2 percent and exports rose 3.3 percent. Balance of Trade in the United States averaged -15057.49 USD Million from 1950 until 2019, reaching an all time high of 1946 USD Million in June of 1975 and a record low of -67823 USD Million in August of 2006. source: Bureau of Economic Analysis (BEA)

I don’t doubt our trade deficit with other countries has grown, as manufacturers have moved production out of China — and only partly on-shored back in the U.S.

Posted by trailing wife 2019-12-14 16:47|| 2019-12-14 16:47|| Front Page Top

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