CNS: $152,237,500,000: Merchandise Trade Deficit With China Hit Record Through May
(CNSNews.com) - The U.S. merchandise trade deficit with China set a record through May, hitting $152,237,500,000 for the first five months of 2018, according to data released Friday by the Census Bureau.
From January through May, the Census Bureau reports, the United States exported $52,902,300,000 in goods to China while importing $205,139,800,000 in good from China.
That means the dollar value of the goods the U.S. has bought from China so far this year is 3.87 times greater than the dollar value of the goods China has bought from the United States.
Before this year, the largest merchandise trade deficit with China in the first five months of the year was in 2015, when it hit $148,499,390,000 in constant May 2018 dollars (adjusted using the Bureau of Labor Statistics inflation calculator).
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WNU Editor: As I have mentioned more than once before. These numbers cannot be sustained over the long term .... esepcially if you want to keep a manufacturing base.
2 comments:
Before a dependency ends, the dependant usually tries to get as much as he can before the withdrawl period sets in...you see that in finances, drugs and anything else.
Just wait until the withdrawl syndroms set in..in China it was so easy in the early 2000s to become a millionaire that there was a saying that if you didn't have your own accountant/porsche911/boat/whatever by 30 that you hadn't "arrived yet"... of course party connections were a must.. this was not for not-connected people. ...but hundreds of thousands belong to the "extended party" (extended family members, confidants, business partners and close friends of any party member)... you think Trump voters / farmers will be hurt? Hehe just wait until your angry Chinese trophy wives can't flash money the way they gotten used to... haha Trump's voters will be just fine
They wouldn't have the capability to be a significant problem in Asia and around the world if we didn't trade with them on the scale that we do. The trade deficit with the US and EU is the sole empowering variable for their military and the current problem that we have with them, and it needs to be dramatically reduced. A great opportunity to cause economic, and thusly civil/political instability in that communist POS country. Its a plain and clear threat to the world order.
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