The trade war has produced the largest record of trade deficits in the United States in the past 250

[hiseen]

The trade war has been playing for a year, and the 2018 trade data just released by the United States is very interesting.
2019 03/08 01:44
Global Times


On March 6, the US Department of Commerce announced trade data for 2018, which is very interesting:
"The US trade deficit of 59.8 billion US dollars in December last year... The US trade deficit expanded to 621 billion US dollars in 2018, the highest since 2008. The total trade deficit of goods reached 891.3 billion US dollars, setting a new record since the founding of the United States. ”

After a year of trade wars, the largest trade deficit in the United States in the past 250 years was recorded.

First of all, the facts tell us that the United States will not have any results in pursuing a trade balance by means of trade warfare.
When the United States just provoked a trade war last year, many people pointed out the problems in a straightforward manner.
The trade imbalance in the United States is a problem of its own economic structure. It is closely related to the position of the United States in the global industrial chain, the strong position of the US dollar and its domestic savings rate. It is impossible to solve it through the trade war.

It is a pity that I don’t know whether I can’t hear it or I’m not willing to listen. In the course of the year, the United States keeps talking about trade balance and constantly tries to improve the trade warfare of tariffs to solve the trade balance problem.
The result is better than eloquence.

Now that the trade war has been playing for a year, China and the United States have returned to the negotiating table from the negotiating table.

Looking back to the original point this year, I actually experienced a difficult process of using the struggle to reason and use the facts to convince the Americans.
If you spend energy, resources and time on confrontation and waste the opportunity to become bigger and stronger, this sale is not cost-effective!

Finally, tell a joke for your reference.

A fish is dead, I am very sad.

I don't want to be buried, I want to cremate.

Sprinkle the fish ash back into the ocean and let it back to the mother's arms.

Who knows, the more roasted this stuff is!

Then I opened a bottle of beer...

Sometimes, walking and walking, I forgot my initial heart.

Don't forget, why do we fight.

Do not forget the early heart!

Keep going!

(text in the text, invasion)

Source: Tao Ran notes (ID: drunktrt)


https://new.qq.com/omn/20190308/20190308B015K8.html

 

[qwerrty]

make trade deficit hits a new record high again

 

[Mista]

Ironically US tax cuts has benefited China.

 

[TaiShang]

The U.S. economy created only 20,000 jobs in February

CGTN

U.S. job growth almost stalled in February, with the economy creating only 20,000 jobs amid a contraction in payrolls in construction and several other sectors, which could raise concerns about a sharp slowdown in economic activity.

The moderation in employment growth reported by the Labor Department on Friday is in line with a slowing economy that in July will mark 10 years of expansion, the longest on record. It supports the Federal Reserve's “patient” approach toward further interest rate increases this year.

While February's job growth was the weakest since September 2017, other details of the closely followed employment report were strong. The unemployment rate fell back to below four percent and annual wage growth was the best since 2009.

In addition, data for December and January was revised to show 12,000 more jobs created than previously reported.

A stock market selloff and jump in U.S. Treasury yields in late 2018 were also likely factors..

The slowdown in hiring was flagged by first-time applications for jobless benefits, which were elevated in February. Also, Institute for Supply Management surveys showed measures of manufacturing and services sectors employment dropped in the month, while the Fed on Wednesday reported “modest-to-moderate gains” in employment in a majority of the U.S. central bank's districts.

A resource fair for employees affected by the partial federal government shutdown at Seattle-Tacoma International Airport in Seattle, Washington, U.S., January 14, 2019. /VCG Photo

Though the economy grew 2.9 percent in 2018, the strongest in three years, it lost momentum as the year ended. Retail sales, homebuilding, business spending and exports all declined in December, setting the economy on a slower growth path.

Despite the weakness in hiring last month, the unemployment rate fell two-tenths of a percentage point to 3.8 percent in February as federal government workers who were temporarily unemployed during a 35-day partial shutdown returned to work. The longest shutdown in U.S. history ended on January 25.

A broader measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment, dropped to 7.3 percent after hitting an 11-month high of 8.1 percent in January because of the government shutdown.

A report on Thursday showed labor costs rising only 1.4 percent in 2018, the smallest gain since 2016, after increasing 2.2 percent in 2017.

Employment at construction sites fell by 31,000, the biggest drop since December 2013, after increasing by 53,000 in January. The leisure and hospitality sector added no jobs last month.

https://news.cgtn.com/news/3d3d774d35456a4d33457a6333566d54/index.html

 

[oprih]

So much winning that another murican recession is about to happen.

Trump did well.

 

[OCguy]

State-owned information is app you are allowed to read, so I guess I cant blame you.

 

[TaiShang]

So much winning that another murican recession is about to happen.

Trump did well.

They are addicted to debt-based good life.

Take away this privilege from the US population and they will start to slaughter each other.

 

[Jlaw]

The U.S. economy created only 20,000 jobs in February

CGTN

U.S. job growth almost stalled in February, with the economy creating only 20,000 jobs amid a contraction in payrolls in construction and several other sectors, which could raise concerns about a sharp slowdown in economic activity.

The moderation in employment growth reported by the Labor Department on Friday is in line with a slowing economy that in July will mark 10 years of expansion, the longest on record. It supports the Federal Reserve's “patient” approach toward further interest rate increases this year.

While February's job growth was the weakest since September 2017, other details of the closely followed employment report were strong. The unemployment rate fell back to below four percent and annual wage growth was the best since 2009.

In addition, data for December and January was revised to show 12,000 more jobs created than previously reported.

A stock market selloff and jump in U.S. Treasury yields in late 2018 were also likely factors..

The slowdown in hiring was flagged by first-time applications for jobless benefits, which were elevated in February. Also, Institute for Supply Management surveys showed measures of manufacturing and services sectors employment dropped in the month, while the Fed on Wednesday reported “modest-to-moderate gains” in employment in a majority of the U.S. central bank's districts.

A resource fair for employees affected by the partial federal government shutdown at Seattle-Tacoma International Airport in Seattle, Washington, U.S., January 14, 2019. /VCG Photo

Though the economy grew 2.9 percent in 2018, the strongest in three years, it lost momentum as the year ended. Retail sales, homebuilding, business spending and exports all declined in December, setting the economy on a slower growth path.

Despite the weakness in hiring last month, the unemployment rate fell two-tenths of a percentage point to 3.8 percent in February as federal government workers who were temporarily unemployed during a 35-day partial shutdown returned to work. The longest shutdown in U.S. history ended on January 25.

A broader measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment, dropped to 7.3 percent after hitting an 11-month high of 8.1 percent in January because of the government shutdown.

A report on Thursday showed labor costs rising only 1.4 percent in 2018, the smallest gain since 2016, after increasing 2.2 percent in 2017.

Employment at construction sites fell by 31,000, the biggest drop since December 2013, after increasing by 53,000 in January. The leisure and hospitality sector added no jobs last month.

https://news.cgtn.com/news/3d3d774d35456a4d33457a6333566d54/index.html

Canada publish this sort of shit on a quarterly basis.its all bs because the government does not say how many are full time jobs, average wage and what sectors the createdjobs are in