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Trade war: China vs. the U.S. May 21, 2018

Posted by hslu in China, Cold War, 特朗普, 美國, Economics, Military, Trade, Trump, 川普, 中國.
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https://theconversation.com/why-china-cant-meet-trumps-200-billion-trade-demand-96888

There are ways to reduce trade deficitsif you look hard enough:

  1. America can sell these to China and reduce trade deficits very quickly: F-35s, F-22s, MQ9 Reaper Drones, Black Knights, XM2010 sniper rifles, THAAD anti-ballistic missile defense systems and Ford class aircraft carriers.
  1. Alternatively, Trump can order American people stop buying products made in China. That will change the trade deficit to a trade surplu

Actually, an trade deficit of $357 billion isn’t such a big deal, it’s only ~2% of the U.S. economy. Besides, if it won’t for the deflation China exports to the U.S., American people will be a lot poorer than they are now.

On the other hand, with daily products more expensive to buy, American people may learn to live within their means and cut up a few credit cards in their purses or wallets.

That may not be a bad thing if American people learn some financial discipline for a change.

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