A look at the U.S.-China trade deficit, Part 1.
Posted by scapozzola on 09/20/2011
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US-CHINA trade deficit
We should not allow China to sell goods in US until they buy enough US goods to cancel all previous trade deficits. We are NOT TRADING WITH CHINA, we are ALLOWING CHINA TO SELL GOODS HERE WHILE NOT BUYING GOODS. That is NOT trade. And the same goes for all the other Asian countries. Stop importing manufactured goods period. Milton Friedman was dead wrong. Free Trade will bankrupt us like it has bankrupted Greece.
Great chart. I'd like to
Great chart. I'd like to see another chart showing how much of the Cina deficit is made up of certain US based chains. Walmart? Dick's sporting goods, Best Buy etc.?