Common_Sense_Matters wrote:
We are not the only suppliers of food and they have already switched up to other sources. These tariffs haven't hurt them one bit.
As for the trade imbalances, as they have sought out and found new sources for some of the goods we typically supply them with, mainly food, and we are still buying the same items we normally buy from them, the trade imbalance has grown substantially. The only ones being hurt by this trade war is Americans, both consumers and producers.
The trade imbalance wasn't government created, it was consumer created. Our own consumers were more interested in all the cheap garbage their producers were producing even though the old adage stands, "You get what you pay for" and since the cheap garbage that our producers couldn't compete with kept being bought even though you would get more for your money if you paid the extra money to buy our much better quality products, our producers had to cheapen their processes in order to compete and now we too produce garbage and nobody is getting their money's worth. This current trade imbalance is nobody's fault but our own consumers, well... That and Trump's trade war.
We are not the only suppliers of food and they hav... (
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Our trade deficit on 2018 was $891 billion. On March 2019, our import was $3.1 trillion versus our export to $2.5 trillion. A trade US deficit of $600 billion. The left/democrats don't understand, and are happy buying cheap products of lowest quality that China dumps to the US. If this is not corrected, few years from now, China will bypass US economically. China will also surpass our national powers. They are clever, and have been thieving on our Intellectual Properties too.
If this trade imbalance continues, our economy is weakened, unemployment goes up. If we produce and export lesser, our manufacturing and production will slow down. Employment will also reduce. , Unemployed people becomes more dependent to the government. US taxpayers are reduced, thus a reduction of US revenue and increase of expenditures. We will fail, and China will bypass the US.
Trade deficit is now very serious. It needs correction ASAP. President Trump has taken unprecedented steps to fix it. But the people from the left don't understand and are attacking him. They complain that US consumers will pay more for our China imports. due to the Tariff. One of the reasons for Tariff is reduction of our imports, to balance our trade deficits. At the same time, the tariffs impost go to the US Treasury.
There are other negative factors affected on this Tariff. But at the end, the benefits surpass the negatives. It is the only way to solve this, otherwise, very soon, our country is at risk dominated by China.
We must correct this trade imbalance ASAP. Before it is too late. China dumps cheap products to us, with very cheap quality. They could afford that due to their cheap child labor. And the democrats like paying cheap, but the products they get are also of cheap quality.
US produces good quality, done by our well paid labor, though we pay a little higher price, but we get better quality. Besides, we are helping our own country, not China.