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Governments Can't Fix Trade Imbalances, Consumers Can. [Copy link] 中文

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Post time 2018-5-21 13:10:52 |Display all floors
So, after a lot of hooha over tariffs and counter tariffs, the US and China have finally agreed to end their silly spat!  In the latest agreement, China pomised to buy more goods from the US to bring down its surplus.  But can governments actually determine the amount of trade surpluses or deficits?  Chinese consumersand manufacturers play an important role here; they are the ones who can influence the direction of trade with the US.  If the Chinese consumers don't like the goods the US try to sell to China, and if US consumers keep demanding Chinese poducts, the trade surplus China has may not come down substantially, as agreed upon.  China wants the US to relax its control over the sale of high-tech goods but the US seems reluctant to do so.  Therein lies the problem;  China could easily bring down its surplus if the US relaxed its control on high-tech products.  The two parties must engage in more talks.

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Post time 2018-5-21 20:06:01 |Display all floors
I can fix them with Keynes' ICU idea. Simp!es.

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Post time 2018-5-21 20:06:53 |Display all floors
China and USA are just $%$%ing with us. Trade war. Ha.

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Post time 2018-5-21 22:46:32 |Display all floors
Your commentary is horrendously inconsistent. In this thread you absolve the Chinese rulers of any responsibility  for the ballooning trade surplus, yet in another thread you bend over backward to give the same rulers all the credit for making China a more prosperous empire than it was a few years ago. Surely if one single ruling party can spread prosperity across one billion subjects and amass a huge balance-of-payment surplus then the newly acquired wealth in China has been taken away from people outside of China, so the Party IS responsible.

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