Quote:
Originally Posted by Buckeye
It's not better to just "lie down" and take it from China.
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Take what from China? Lower priced consumer goods that hold down the cost of living of Americans?
A trade deficit is not a bad thing for a highly developed country. The US has been running one since the late 70s. Our economy keeps growing, wages go up, and people have a higher standard of living. All helped by those evil Chinese.
A trade deficit means a capital surplus. That means that foreigners are investing more in the US than we are investing in foreign countries. That means more jobs for Americans.
Bottom line: lower prices and more foreign investment as a result of trade. And Trump wants to put an end to that.
