jump to navigation

The Unintended Consequences of Trump’s Tariffs March 7, 2019

Posted by hslu in 美國, Economics, Trade, Trump, U.S. Foreign Policy, 川普.
Tags: , ,
add a comment

The Unintended Consequences of Trump’s Tariffs

http://flip.it/cFgD9s

Trump’s trade wars against the world haven’t done well so far according to last year’s trade deficit figures and it was the poor Americans who have been paying for the higher import prices.

Sadly, they have no one but Trump to thank for especially those who voted him into the White House.

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.
Tags: , , ,
add a comment

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.

October 16, 2013 – Point of No Return October 16, 2013

Posted by hslu in Congress, Economics, Energy, Global Affair, Health Insurance, Military, Obamacare, Oil, Politics, Taxes.
Tags: , , , , , , , , , ,
add a comment

The war against big government in the United States was lost today. Conservatives are defeated. They are out-numbered. America will collectively pick up its steps toward a big and socialist government for decades to come. Obamacare will be even more difficult to repeal, Democrats will rule the Congress and national debt will pile up year after year until the entire nation is crushed under its weight with no means to ever pay for it.

The fundamental problem is this:

Democrats are like Santa Claus; they pass out free gifts to Americans every month of every year. The majority of Americans like handouts and they will keep Democrats in power. They do not care whether the nation can afford it or not. Everyone wants to have a piece of the pie and they will leave someone else to pay for it.

The surge of shale oil and shale gas productions will delay the day of reckoning because the way America goes about it is like someone is spending his or her inheritance money. The domestic productions will reduce trade deficits, stimulate the economy and help with taxes. Once the inheritance money starts to run out in 10 to 15 years as shale oil productions peak, the rapid build up of national debt will continue and the United States will forever pay a larger share of its taxes to service the debt.

If the status of the reserve currency of the green back is in doubt, which will come someday as other nations lost confidence in US’s ability to pay back its debt, the death knell will sound and the empire will fade away along with its 10 air carriers floating in the Atlantic and Pacific oceans.

The drama has begun. It can not be stopped. It has reached to the point of no return.

The date is October 16, 2013. This is the day the Conservatives are marginalized.

Obama and big government win.

 

GM Stocks, anyone? November 19, 2010

Posted by hslu in China, Economics, Global Affair.
Tags: , ,
add a comment

Well, the Chinese government likes it because 18% of the GM IPO were bought by them.

At $35 a share, the IPO generated about $20 billion and the Chinese government’s share was $3.6 billion, about 13% of of US’s trade deficit with China in August, 2010.

Trade deficit with China June 14, 2010

Posted by hslu in Energy, Global Affair, Obama, Politics.
Tags: , , , , , ,
add a comment

In 2009, America’s trade deficit with China was $227 billion. The United States made a big fuss with China and wants China to raise the value of Renminbi by as much as 40%.

China does not agree and declare that China will watch its own interests in determining the value of its currency.

Lost in the noise from Congress and the Obama administration is this fact:

America imports about 11.9 million barrels of oil every day in 2009. EVERYDAY! 365 days a year.

At $70 per barrel, we are talking about transferring $300 billion every year from our pockets to oil rich countries in the world.

And the number will gradually increase from now on into years in the future.

Now, Americans, do you still feel rich giving so much money away?

Since Obama is on such a good term with his Muslim buddies by trashing Israel, Obama should raise hell with these Arab countries and demand a special discount of at least 40% below the market price on oil coming into the US.

I think I know why Obama is such a appeaser to Muslims.

%d bloggers like this: