Drudge Retort: The Other Side of the News
Monday, October 15, 2018

America's trade deficit with China reached a new high -- $34.1 billion -- in September. That's a 13 percent increase compared to last year and is the second-straight record month after a deficit of $31 billion in August. That takes America's trade deficit with China for the year to $225.8 billion -- about $30 billion more than at the same point in 2017.

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"President Trump is on track this year to preside over the new record for the largest trade deficit in the history of US-China relations, beating the record that was set under his watch last year," Ryan Hass, a China expert at the Brookings Institution, told me.

"Trump chose during the presidential campaign to use the trade deficit as a measure of success, and by that measure, his strategy is failing."

On Tuesday, the IMF released a major report that projected the world's economy will grow by 3.7 percent, which is 0.2 points lower than they had estimated in April. That's the same rate of growth as 2017, signaling a slight slowdown -- and Trump's trade policies are a major reason why. "[T]he forecast for 2019 has been revised down due to recently announced trade measures, including the tariffs imposed on $200 billion of US imports from China," the IMF's "World Economic Outlook" report concluded.

To recap: The trade deficit with China keeps growing, the US is losing jobs because of the trade war, and for now it looks like Beijing might weather the storm.

There's very little winning here for America.

#1 | Posted by tonyroma at 2018-10-15 09:28 AM | Reply

Trump is the smartest business man ever!

Meanwhile US businesses ARE CLOSING because of the tariffs.

Ford is laying of THOUSANDS of US workers because of the tariffs.

The MAGAts are cheering.

#2 | Posted by 726 at 2018-10-15 09:32 AM | Reply | Newsworthy 1

Nope.

Trumpers on here have ASSURED me the tariffs are working...

And they know because Trump told them so.

#3 | Posted by Sycophant at 2018-10-15 07:38 PM | Reply

Should be easy to tell when the RW talking points email goes out.

#4 | Posted by REDIAL at 2018-10-15 08:17 PM | Reply

I wonder if any of this is stockpiling now to avoid tariffs later.

#5 | Posted by snoofy at 2018-10-15 08:20 PM | Reply

Trump is winning SO much on trade! Not to mention his other winning priorities like The Great Wall of Mexico, killing Obama Care *by lowering it's premiums, lol... and raising the deficit sky high.

So much #winning!

#6 | Posted by Corky at 2018-10-15 08:39 PM | Reply

The MAGAts are cheering.

#2 | POSTED BY 726

The MAGGATs will have no comment to this thread.

#7 | Posted by donnerboy at 2018-10-15 08:55 PM | Reply

The trade deficit with China keeps growing, the US is losing jobs because of the trade war, and for now it looks like Beijing might weather the storm.

About the only thing Jeff J. and I agree about lately is his admonition that no one wins in a trade war, everyone loses. Hopefully both the left and right can come to realize the truth of this statement and make the necessary corrections to stop all the unnecessary damage before it spreads even further and negatively impacts more Americans than it currently does.

"Naaaaaaaahhhhh!" - Theodoric of York, medieval Barber

#8 | Posted by tonyroma at 2018-10-15 09:03 PM | Reply

#5 | Posted by snoofy

We are - spent cash reserves to stock up.

#9 | Posted by GalaxiePete at 2018-10-15 09:26 PM | Reply

Come back right wing trolls, where are you hiding???

#10 | Posted by bayviking at 2018-10-15 10:52 PM | Reply

Come back right wing trolls, where are you hiding???

Chill. You sound as desperate for attention as they do on they do on their troll threads.

#11 | Posted by REDIAL at 2018-10-15 10:58 PM | Reply

Chill. You sound as desperate for attention as they do on they do on their troll threads.

#11 | POSTED BY REDIAL AT 2018-10-15 10:58 PM | REPLY | FLAG NONESENSE

The time for civility passed almost 20 years ago the last time they spread a thick slice of stupid on the political landscape.

#12 | Posted by RightisTrite at 2018-10-15 11:05 PM | Reply

The time for civility passed almost 20 years ago the last time they spread a thick slice of stupid on the political landscape.

Civility is one thing... pleading for the 'other' side to up the post count on their blog threads is a different thing.

Typical examples here would be: "Crickets from the Leftists", or "This will never get to the front page", and the like.

#13 | Posted by REDIAL at 2018-10-15 11:21 PM | Reply

redial confuses pleading with mocking. When there is nothing you can say its better to say nothing than to revert to name calling, which is the right's favorite fall back position.

#14 | Posted by bayviking at 2018-10-15 11:57 PM | Reply

Gee, a guy that bankrupts casinos, an airline, steak seller, pretty much anything he tries to run, is losing a trade war.
Shocking.

#15 | Posted by bored at 2018-10-16 12:26 AM | Reply | Newsworthy 1

Gee, a guy that bankrupts casinos, an airline, steak seller, pretty much anything he tries to run, is losing a trade war.
Shocking.

#15 | POSTED BY BORED

...no one could have anticipated...

#16 | Posted by oldwhiskeysour at 2018-10-16 12:34 AM | Reply

This is the problem with trying to get other countries to treat America fairly. It can't be done quickly and, as we all know, Americans live in a "right now" mentality. To fix the problem, it will take years. Even before Trump's tariffs started, economists already predicted all of this. It's not difficult to see how it would go, mainly because the Chinese government can directly control every aspect of goods and services whereas the American government can't. China can literally block all internal goods and services from going to its people just to export to America to try to make us suffer, while their citizens go without and their standard of living declines significantly. Americans won't care because it's out of sight, out of mind and all they will see is that America is suffering. So while it can take a decade for us to win, it won't happen because too many people in America don't understand how this works and aren't capable of researching and being knowledgeable about the situation.

But that being said, I have no faith that Donald or the entire GOP have thought it through completely and have developed safeguards to counter the difficulties we are going to encounter if we continue this war. Done right and with a timeline based in reality, we could destroy China in trade. Without both of those elements, we won't get anywhere.

#17 | Posted by humtake at 2018-10-16 01:06 PM | Reply | Funny: 1

#17, hum,

Tariffs used to support the Federal Government when the USA was an industrial giant. They protected targeted industries from foreign competition. The a consortium of Government and Global Corporations, driven by Wall Street, charted a course to deliberately deindustrialize while still maintaining the largest military force on the planet. Any military is a paper tiger without an industrial base to back it up, unless nuclear annihilation.

The deindustrialization policy had two consequences lower US wages, which erodes the economy and higher short term profits using foreign labor. This required technology transfer, which was traded for cheap labor. Its the ruling class, as represented by Wall Street, which demands instant profits. The working class would take it too, if they could, but they can't. The working class in the USA is losing the class war in which the ruling class fights relentlessly. 2008 was a missed opportunity to fix the mess they made.

All is not lost, except these policies have followed every administration since Ronnie Raygun. Biotechnology, pharmacology and health science, space exploration which includes telescopes, not just rocket ships and satellites, airplanes, alternative energy development, infrastructure building are some areas wide open for future growth. Unfortunately, most of our discretionary spending is dedicated to military spending even though all they do is lose unnecessary wars.

So unless we change our priorities, all is lost.

#18 | Posted by bayviking at 2018-10-16 02:52 PM | Reply

This is the problem with trying to get other countries to treat America fairly. It can't be done quickly and, as we all know, Americans live in a "right now" mentality. To fix the problem, it will take years.
#17 | POSTED BY HUMTAKE

Then Tariffs were a bad idea. You can't tariff your largest trading partner for years and not expect serious economic consequences...especially when they are the ones the Feds are borrowing money from.

Thanks for putting Trump in office.

#19 | Posted by Sycophant at 2018-10-16 04:34 PM | Reply

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