DiabloWags said:
BearlySane88 said:
DiabloWags said:
BearlySane88 said:
My question wasn't about tariffs. Maybe you do have reading comprehension issues.
Trump doesn't care about the Judicial Branch.
That's why he immediately had a tantrum and gave SCOTUS the middle finger with yet another illegal tariff.
That's why he called out 2 conservative judges and their families.
Apparently, you don't have a problem with that.
For you, Trump can do no wrong.
That's why I don't take you seriously.
And don't feel a need to always answer your questions.
Then why did you try and answer a question about tariffs that I didn't ask?
No he can do wrong, he should be deporting more people.
Because you clearly don't understand the difference between a trade deficit and a balance of payments deficit.
We have the former.
Not the latter.
There is conflation between the concept of trade deficit and balance of payments. They are not the same thing as pointed out.
Just to take the discussion even more sideways, there are some real concerns with trade deficit data.There are major problems from inaccurate, outdated, or misaligned data. inconsistencies in measuring digital services, and the complete inability of the US government to account for globalized supply chains. For example, Apple phones are assembled in China, and even though 97% of the components come from outside China (including the US), the entire value of the assembled phone is credited to China as China is the last country of origin of the product before it enters the US. Anotiher issues is that the figures don't take into account profits on US affiliates, so the profit Apple make on the phone also isn't included became the phone is assembled in low wage China.
And it gets worse. The U.S. often runs a surplus in services, which can be harder to measure accurately than physical goods. Services, including financial, consulting, and intellectual property, are often undercounted in trade statistics.
Given the high degree of global supply chains, especially with respect to tech products, there is a strong consensus among economists that the U.S. trade deficit with China is vastly overstated.
Put another way, Trump may be trying to fix a problem with China that is vastly overstated or may not exist, by using tariffs. I'm happy to provide some reading refences for those of you that have insomnia.
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