U.S.-China trade gap is world's biggest, $365 BILLION

[D Kline]

Trump's Tariff Plan Could Spark http://www.washingtonexaminer.com/trump-right-on-china-worlds-biggest-trade-gap/article/2586721Trade Wars



Economists say Donald Trump's threats to slap steep tariffs on Chinese and Mexican imports would likely backfire, severely disrupting U.S. manufacturers that increasingly depend on global supply chains. Experts say the Republican presidential front-runner's campaign pledges to impose 45 percent tariffs on all imports from China and 35 percent on many goods from Mexico would spark financial market turmoil and possibly even a recession. Among those hardest hit would be the U.S. auto industry, which has fully integrated Mexico into its production network.
Inform

Trump's Tariff Plan Could Spark Trade Wars
Economists say Donald Trump's threats to slap steep tariffs on Chinese and Mexican imports would likely backfire, severely disrupting U.S. manufacturers that increasingly depend on global supply chains. Experts say the Republican presidential front-runner's campaign pledges to impose 45 percent tariffs on all imports from China and 35 percent on many goods from Mexico would spark financial market turmoil and possibly even a recession. Among those hardest hit would be the U.S. auto industry, which has fully integrated Mexico into its production network.
Inform

http://launch.newsinc.com/share.htm...tion=washexam590_ent_mus_sty&videoId=30529774
BACK
Embed <iframe width="590" height="332" src="http://launch.newsinc.com/?type=Vid...tion=washexam590_ent_mus_sty&videoId=30529774" frameborder="no" scrolling="no" noresize marginwidth="0" marginheight="0"></iframe>
Privacy Policy | Terms of Use
This video player must be at least 300x168 pixels in order to operate.

Trump's Tariff Plan Could Spark Trade Wars
Economists say Donald Trump's threats to slap steep tariffs on Chinese and Mexican imports would likely backfire, severely disrupting U.S. manufacturers that increasingly depend on global supply chains. Experts say the Republican presidential front-runner's campaign pledges to impose 45 percent tariffs on all imports from China and 35 percent on many goods from Mexico would spark financial market turmoil and possibly even a recession. Among those hardest hit would be the U.S. auto industry, which has fully integrated Mexico into its production network.
Inform






Republican presidential front-runner Donald Trump has been mocked by critics for shouting that China is "killing us" economically, but a new analysis of U.S.-China trade shows that the trade gap isn't just at a historic high, but that the imbalance is the widest for any bilateral trade, ever.

According to the website Howmuch.net, the U.S. exported $116 billion to China in 2015, the same year China exported $481 billion to the United States, producing that $365 billion gap.

And it found that the gap is growing so fast that it will "almost quintuple" over the next 15 years.

.

By Ryan Lovelace
•
03/24/16 7:57 PM

Also from the Washington Examiner
Court rules 'habitually drunk' illegal immigrant can't be deported
Judges decided alcoholism has been wrongly equated with poor moral character and is a medical disease.

By Anna Giaritelli
•
03/24/16 7:16 PM
Read the full report here.

Paul Bedard, the Washington Examiner's

 

[SPECTRE1]

The United States imports consumer electronics, clothing and machinery from China. A lot of the imports are from U.S.-based companies that send raw materials to China for cheap assembly. When they are shipped back to the U.S., they are called imports even though they are profiting American-owned companies

It is American companies causing the trade gap, not China. China cheap prices allow American companies to sell into other countries that would not occur if they paid U.S. wages. I have rarely bought a product from a Chinese based company.

The U.S. needs to study how China gains a cost advantage.

1. Dormitory housing of workers that would not work here.

2. State control of wages
3. Environmental costs
4. Currency manipulation which can be fixed by not selling treasuries to China.
5. Deleveraged economy reducing demand and prices.

The U.S. needs to impose a tariff for these differences but give the money to Chinese workers to equalize these labor related differences. The U.S. could block treasury purchases to China instead of tariffs.

The U.S. is self inflicting its wounds due to corruption and greed, not China. It is even cheaper in other countries, so labor prices are not the only factor.

The current job market in the U.S. is abysmal.