23 Sep 2024 2:13 pm
So Biden fellating the Chinese somehow got them to buy manufacturing facilities in Mexico? Can you explain that?Zeets2 » 23 Sep 2024, 1:44 pm » wrote: ↑ Yeah, China is STILL making money now, thanks in part to the way Biden sucks their dick, but the fact is that in 2017 (Trump's first year in office) our trade deficit with China stood at $505 million dollars, and in 2020, Trump's last year in office, that trade deficit with China was reduced to $432 million (not a small accomplishment), while the tax revenue from those tariffs reached $370 BILLION last year!.
Doesn't that tell you how much China LOST due to Trump's tariffs, genius?
And if they weren't so hugely successful, then why didn't Biden discontinue all of them just as he overturned virtually every one of Trump's other policies?
https://www.census.gov/foreign-trade/balance/c5700.html
The fact remains: new tariffs on Chinese goods will ultimately be paid for by the American consumer and not China
and the fact also remains that the trade deficit with China in 2023 is lower than any of the Trump years and 2024 is on track to be $10B less than that.