Trade war with China? Looks like the United States is already in a war and is losing badly. Below, you will find an older post of the problem that has only gotten much worse. The table as been updated. Scroll to the bottom and see how much of our money has been plundered.
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Recently, the US has reached an agreement with China regarding its exponentially growing trade deficit. Much will have to be made up if the United States is to recover the trillions of dollars already lost to our ever-growing powerful enemy. As of 2009, over $2 trillion dollars have been shipped overseas in exchange for temporary, cheap goods. The American people have knowingly given their money to this communist nation. Consequently, the US standard of living has decreased and many good jobs have been lost.
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Recently, the US has reached an agreement with China regarding its exponentially growing trade deficit. Much will have to be made up if the United States is to recover the trillions of dollars already lost to our ever-growing powerful enemy. As of 2009, over $2 trillion dollars have been shipped overseas in exchange for temporary, cheap goods. The American people have knowingly given their money to this communist nation. Consequently, the US standard of living has decreased and many good jobs have been lost.
The table below shows the yearly trade deficit the United States has with China from the beginning of our trade relations with that country. For example in 1985, China shipped $6 million more goods to the US than we shipped to them. In 2009, the imbalance ballooned to almost $227 billion. It was just 1972 when Nixon made his famous trip to open up a dialog. Only 13 years later, the deficits begin.
1985 $6,000,000
1986 1,664,700,000
1987 2,793,300,000
1988 3,489,300,000
1989 6,234,300,000
1990 10,431,000,000
1991 12,691,000,000
1992 18,309,000,000
1993 22,777,000,000
1994 29,505,100,000
1995 33,789,500,000
1996 39,520,200,000
1997 49,695,500,000
1998 56,927,400,000
1999 68,677,100,000
2000 83,833,000,000
2001 83,096,100,000
2002 103,064,900,000
2003 124,068,200,000
2004 164,254,300,000
2005 202,278,100,000
2006 234,101,300,000
2007 258,506,000,000
2008 268,039,800,000
2009 226,877,200,000
2010 273,065,500,000
2011 295,456,500,000
2012 315,102,500,000
2013 318,683,800,000
2014 344,817,700,000
2015 367,256,700,000
2016 347,016,000,000
2017 375,227,500,000
Total $4,741,255,500,000
Source: US Census Bureau
Discourse of the Common Weal of this Realm of England, 1549: "We must always take heed that we buy no more from strangers than we sell them, for so should we impoverish ourselves and enrich them."
Discourse of the Common Weal of this Realm of England, 1549: "We must always take heed that we buy no more from strangers than we sell them, for so should we impoverish ourselves and enrich them."
Also see U.S. Federal Deficits, Presidents, and Congress for annual and cumulative budget deficits.
