Drudge Retort: The Other Side of the News
Thursday, December 06, 2018

The numbers: The trade deficit rose 1.7% in October to a 10-year high amid a record shortfall with China, keeping the U.S. on pace to record the largest annual gap in a decade. The deficit edged up to $55.5 billion from a revised $54.6 billion in September, the Commerce Department said Thursday. That's the biggest deficit since October 2008.

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My concern with this trade war is not the short term effects, such as the one described, but the long term effects.

Companies are making long term investments to bypass the United States, investments that take a few years to complete and that are not quickly abandoned.

#1 | Posted by LampLighter at 2018-12-06 10:05 AM | Reply

"investments that take a few years to complete and that are not quickly abandoned."

Or as someone put it, Once China is buying soybeans from Argentina, they're not coming back to the US..

#2 | Posted by Danforth at 2018-12-06 10:07 AM | Reply | Newsworthy 1

Two years in. The guy who told us he'd magically with the stroke of a pen change life as we knew it in America and then proceeded to basically not know how to do it...also can't get it done with China.

#3 | Posted by lee_the_agent at 2018-12-06 11:21 AM | Reply | Newsworthy 5

Nobody knew trade was so complicated.

#4 | Posted by bored at 2018-12-06 12:26 PM | Reply | Funny: 1 | Newsworthy 1

The only funny thing about this is how trump made republicans start worshiping deficits and hating free trade.

#5 | Posted by IndianaJones at 2018-12-06 12:56 PM | Reply

but, but, what about Venezuela!!

sincerely

jinkbottoecentre

#6 | Posted by ChiefTutMoses at 2018-12-06 03:42 PM | Reply

Time for a victory lap, GoNoles.

#7 | Posted by snoofy at 2018-12-06 03:42 PM | Reply

The guy who told us he'd magically with the stroke of a pen change life as we knew it in America...

...has done it.

Never in a million years did I think Donnie Dumbfounded could so effectively destroy our nation.

Conservatives are still crowing about sticking it to liberals.

It's pretty sad.

#8 | Posted by ClownShack at 2018-12-06 03:47 PM | Reply

I was in west LA getting my Crayons sharpened and a very close friend of mine who is related to a guy who once saw a guy reading the National Review and he says Venezuela is way more important to Americans than silly deficits and manipulated trade

Sincerely

rightoewackadoodle

#9 | Posted by ChiefTutMoses at 2018-12-06 03:50 PM | Reply | Funny: 2

Look!

Up in the sky!

It's a Turd!

It's a Brain!

It's a Turd Brain!

No!

It's Tariff man!

Able heap tall Trade Deficits with a single bound!

#10 | Posted by donnerboy at 2018-12-06 03:54 PM | Reply

Doh!

Able to heap tall Trade Deficits with a single bound!

#10 | Posted by donnerboy

#11 | Posted by donnerboy at 2018-12-06 03:55 PM | Reply

- Time for a victory lap, GoNoles.

And Hrat, Dulli, other assorted Trump con marks.

#12 | Posted by Corky at 2018-12-06 04:24 PM | Reply

India is buying oil from Iran in rupees.

They're simply abandoning US-controlled markets because the US controlled market is closed.

This is what happens when racists run the country. They think they're so smart and everyone else is dumb.

#13 | Posted by BruceBanner at 2018-12-06 05:12 PM | Reply

We're number one! In trade deficits!

Yay for Tariff Man!

#14 | Posted by donnerboy at 2018-12-06 07:10 PM | Reply

All this fekking winnnn-ning is getting a tad old.

#15 | Posted by RightisTrite at 2018-12-06 07:16 PM | Reply

So many people who have no idea how foreign commerce works.

"Once China is buying soybeans from Argentina, they're not coming back to the US.."
It's already been proven China is suffering big time in the soybean industry because no other country can provide the supply they need, besides America. The other aspect of this is that the technology and materials it takes to grow crops in mass comes from America in part. Any other countries who ramp up their supply of soybean growing contribute to America's economy. This occurs with many, many commodities.

I'm not saying everything is a 1 for 1, what I'm trying to introduce to others is to stop thinking in terms of what you read in an article. There are so many moving parts to foreign trade that you can't make generalizations like "since they don't buy our soybeans, we are losing money". You would have to have a lot of insight into more than just how American soybean growers are impacted to truly know if America is being negatively impacted. Additionally, soybean prices have increased and it's already been stated in other articles on DR that other industries are being positively impacted by the trade war.

What the trade war is doing is repositioning the money. Soybean growers may be suffering but soybean storage is booming. Many other industries depend on soybean storage for inventory, they they are also being positively impacted. This is a fact across many industries that are in one way or another impacted by this trade war.

Again, this doesn't prove we are winning or losing. It just proves there is so much more to foreign trade that none of us can ever know in whole, yet many of us form opinions and actually believe we can dictate solutions and policy changes when we have such a poor understanding of the topics. Reading news articles does nothing to help the situation. Choose a topic, do some real research, become an expert, and then help drive change. That's the only way the people of America can bring this country back to being a place everyone can be proud of.

#16 | Posted by humtake at 2018-12-07 12:25 PM | Reply

When you add tariffs to reduce the trade deficit and the trade deficit goes up like the experts predicted, you might not have a clue.

#17 | Posted by bored at 2018-12-07 07:42 PM | Reply

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