11/15/2005

Are We in Trouble with China?

The United States are in trouble when it comes to trade. The article I found explains that our trade deficit has hit an all-time high. Of course, the hurricanes which have hit the Southeast haven’t helped any, making the U.S. import more oil than we would of if they wouldn’t have hit. Critics are also blaming a big part of our problem on some of the practices which China uses in their trading. I guess that the U.S. should take the attitude of; if you can’t beat them, join them. We should find someway to use China’s practices against them. Well what ever we do, we better do something quick before our deficit gets totally out of control.

2 comments:

Jasmine said...

I defiantly think that China is the juggernaut of the future, if not already. As an American people we have overcome a lot in our history and I know we have the capability to stay competitive and to payoff our debts and become profitable. This same type of thing happened in the 1980s with Japan, and yes it hurt at the moment, but in the long run it made us stronger. Hopefully that'll be the case with China.

Dr. Tufte said...

-1 on Jasmine's comment for inappropriate use of a word.

This is nonsense.

I have a huge trade deficit with Wal-Mart. Should I be bothered by that? Should you?

Claims like those made in this article are nothing short of discriminatory, and we should all know better.