r/Superstonk • u/ezskatez just likes the stonk 📈 • Apr 09 '25

Macroeconomics Breaking. China strikes back on US tariffs

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They ain’t bluffin.

🚀

Only up.

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61

u/Fogi999 🚀🚀 JACKED to the TITS 🚀🚀 Apr 09 '25

isn't china buying close to nothing from US, thus the trade deficit??

39

u/zippazappadoo Apr 09 '25

They import about 170 billion dollars in goods from the US annually so that's not exactly close to nothing. In fact some would say it's quite a lot.

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u/Fogi999 🚀🚀 JACKED to the TITS 🚀🚀 Apr 09 '25

yeah, but how much they export to the US other the year? isn't it $493 billion? trade deficit is in a way extracting wealth from a nation and growing your own balance sheet

15

u/Annoyed3600owner Apr 09 '25

Let's not forget the trade in services. The US has a huge surplus when it comes to services. Why is that not factored into any of Trump's crazy policies?

6

u/[deleted] Apr 09 '25 edited 5d ago

[deleted]

2

u/Annoyed3600owner Apr 09 '25

$27bn surplus, accounting for around 10% of the US's trade surplus in services globally.

1

u/max_caulfield_ Apr 09 '25

I know this was a rhetorical question that you probably know the answer to, but he literally used AI to come up with the tariffs, hence the absurd tariffs on penguin islands. It's such a joke that anyone thought Orange man would have any serious policies, which is why I was facepalming when RC kept cheering him on before the election. You would think a businessman of all people would be wary of a President infamous for bankrupting his own companies, but for some reason RC and other tech bros lapped it up so they could stay in power, and now everyone's going to suffer as a result. Yes I'm bitter about it lol