July 21, 2019

NY Times scary headline: "Chinese Money in the U.S. Dries Up as Trade War Drags On"

The Trump-haters at the New York Times routinely tell you "We're all gonna DIE because Trump!!!!"  Example is this headline:
Yes, Americans, life as you know it is about to end! because...um...Chinese "money" in the U.S. has dried up.  Which the Times implies is because of a "trade war."  Which as every good Democrat and Times reader knows was yet another stupid war started by da eeeebil OrangeMan.

Wait...did they say "trade war"?  What exactly does that mean?  The only factual event that could have bearing on a "trade war" is the tariffs Trump imposed on a few billion of Chinese goods.  Could that be what the Times means by "trade war"?

And of course every good Democrat knows that ALL wars are bad, right?  So, see?

Except...all Americans should have at least a rough idea of the balance of trade between the U.S. and China, right?  So you know at least the ballpark figures, right?  Cuz if you don't, how the hell can you rationally evaluate whether Trump's tariffs are good or bad, eh?

You can't.  Which is what the folks at the Times count on.  So...China exports far, far more to the U.S. than it imports from us.  For 2018 the Chinese sold us about $419 Billion more than we exported to them.  So if each nation puts equal percentage of tariffs on the other's goods, presumably causing sales to drop, China gets hit a lot harder.

https://www.thebalance.com/thmb/Zw-aiEFez8LYu5vp5IVhmSVMhHI=/950x0/u-s-china-trade-deficit-causes-effects-and-solutions-3306277-v4-HL-c7c2d2f39bc748c29acdaed43bfb52df.png

But then you knew that, right?

So what does the Times mean by "Chinese money in the U.S. dries up"?  Cuz, like, "drying up" is bad, right?  So...well, as they imply: we're all gonna DIE!!

Uh, no.  If the Chinese were our allies, Chinese investment in U.S. companies might be a good thing.  But they're implacably opposed to the U.S., so under no circumstances do we want the Chinese to own any stakes in U.S. companies at all.  Like Google, for instance.

But hey, the Times wants readers to be vewwy vewwy wuwwied about "trade wars" and Chinese money in the U.S. "drying up."  So you should trust the Times.

I mean, have they ever lied to you before?

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