Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

DanTex

(20,709 posts)

26. Umm, airplanes, cars, chemicals, pharmaceuticals, microchips, and a lot more stuff.

Reply to Talk Is Cheap (Reply #23)

Fri Jan 27, 2017, 12:42 PM

Jan 2017

True, we don't make many little trinkets. But we are the worlds largest manufacturer, and also manufacturing output is higher than at any time in the past, even though manufacturing employment has dropped a lot. This is because now things are manufactured by machines.

We have a trade deficit because we consume more than we produce. Basically, the US wants iphones and China wants US Government Bonds, so they send us iphones and we send them bonds. If Americans wanted more bonds and less iphones, and/or if China wanted more iphones and less bonds, there wouldn't be a trade deficit.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

34 replies

= new reply since forum marked as read

Highlight:

Does Trump think it's the source country that pays tariffs? [View all] Recursion Jan 2017 OP

His stupidity is burning us all. onecaliberal Jan 2017 #1

I think he knows. Dulcinea Jan 2017 #22

Little Donnie does not do Math. Wellstone ruled Jan 2017 #2

he also knows twitter Angry Dragon Jan 2017 #3

Whilst he definitely has the tiny thumbs of a Twittermaster pkdu Jan 2017 #5

Understand his tweets usually follow Wellstone ruled Jan 2017 #8

For someone who holds a degree in economics from Wharton dalton99a Jan 2017 #4

Daddy's money buys a lot sarah FAILIN Jan 2017 #7

Only two years at Wharton and it was only in real estate. no_hypocrisy Jan 2017 #11

"Wharton" was not a graduate MBA program. Trump was there as an undergrad and transfer student. anneboleyn Jan 2017 #16

Exactly. Two years in Fordham University in the Bronx and then transferred to Wharton. no_hypocrisy Jan 2017 #19

It makes sense to his constituents. yallerdawg Jan 2017 #6

American importers pay the Trump import tax, so then who pays the importers and the wall? Fred Sanders Jan 2017 #9

Not sure what kind of economist is advising this clown Thrill Jan 2017 #10

i think the point of tariffs is to make imports more expensive so people will buy domestic' TheFrenchRazor Jan 2017 #12

Just remember. When you do that. other countries Thrill Jan 2017 #13

What? former9thward Jan 2017 #32

It's not about whether they do or not Thrill Jan 2017 #33

You are right Caliman73 Jan 2017 #25

Food is one thing. People can opt to not eat avocados. stopbush Jan 2017 #30

The guy is certifiable. Blue_true Jan 2017 #14

Just remember: these are the Tea Party idiots who don't understand the history displacedtexan Jan 2017 #15

teabaggers please use the correct term snooper2 Jan 2017 #28

Tariffs are not what he wants Calista241 Jan 2017 #17

Technically, it the 'importer of record' who pays the tariff. Talk Is Cheap Jan 2017 #18

America manufactures more than any other country Recursion Jan 2017 #21

Really? What does the USA manufacture? Talk Is Cheap Jan 2017 #23

Umm, airplanes, cars, chemicals, pharmaceuticals, microchips, and a lot more stuff. DanTex Jan 2017 #26

I know you are not saying that iPhones represent why the US has a trade deficit... Talk Is Cheap Jan 2017 #27

Of course not. I'm using it as an example. DanTex Jan 2017 #29

So, what magic powers do you have to know all this? Talk Is Cheap Jan 2017 #31

That's not a controversial statement, it's very basic economics. DanTex Jan 2017 #34

His followers will believe it. GeorgeGist Jan 2017 #20

he is indifferent to the truth nt geek tragedy Jan 2017 #24