Hi just saying don't get your hopes too high there FLanon, we've been out of the trade game since the 70s and now we want to get back in., I'm Dad!

EITC is intended for the working poor

also, a Value Added Tax is not a trade barrier

There's a good chance we're going to get kicked in the teeth on this.

It's a tariff.

It's basically a tariff.

Whatever you import, that add a tax on top of it.

They also do it with products they export.

Which is ironic the EU. the place advocating for such liberal policies.

Has such protectionist trade policy.

Brussels wants to stay in charge I guess.

We'll see, I think Trump can manage to get the trading partners to lower their trade barriers, China's really heavily bleeding because of it

🆙 | **FLanon leveled up!**

You think so?

Yeah, this is basically what Trump was elected for.

No I mean

You think China is bleeding?

Of course they're bleeding

They still produce like 10x more steel than us.

Their industrial sector dwarfs ours.

Beijing is telling their real estate investors to sell their hotels

They reported their first deficit in trade since the 70s this quarter

Really?

I want to see that.

Yea

https://www.wsj.com/articles/chinese-real-estate-investors-retreat-from-u-s-as-political-pressure-mounts-1532437934

Holy shit.

I really want to see that.

Yeah they're really suffering from the trade barriers Trump's putting up

Keep the hammer down Trump haha.

Yeah that's the big point

Hopefully we can be restored to our former glory...

They can't retain their neo-merchantilist policy if Trump just makes our tariffs equal to theirs

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1JP1EV

Deficit of 34.1 billion dollars

Ultimately I think Trump's end goal is to get the Chinese to remove their tariffs in exchange for us returning to what ours were

whaaa

but we're in 4th quarter

You didn't hear about this?

It was huge

EU is also importing more natural gas from the US, which is huge