How much trash cannot Zhongguo import from US to reduce trade deficit?

[ThatDamnGood]

Clyde Prestowitz: America Needs a New Globalization Game

If you want to know what's wrong with America and why record numbers of Americans are telling the pollsters that they're fed up, just take a look at how we trade with China. Our major import is nearly $50 billion of computer equipment while our major export is about $8 billion of waste paper and scrap metal. Yes, that's right. We're swapping garbage for computers with China -- and lots of other countries as well.

 

[Hafizzz]

Clyde Prestowitz: America Needs a New Globalization Game

If you want to know what's wrong with America and why record numbers of Americans are telling the pollsters that they're fed up, just take a look at how we trade with China. Our major import is nearly $50 billion of computer equipment while our major export is about $8 billion of waste paper and scrap metal. Yes, that's right. We're swapping garbage for computers with China -- and lots of other countries as well.

And yet the Americans are complaining....no other country will take
TOXIN waste from USA.....

 

[dabong1]

China wants to import hi tech stuff from the usa but the US wont export and then complains.

 

[JayAtl]

it must painful or it is at times for me, to see a topic where a good intellectual discussion is to be had. to only read some follow ups posts that show some people have no business to post in such cerebral topics.

 

[dabong1]

it must painful or it is at times for me, to see a topic where a good intellectual discussion is to be had. to only read some follow ups posts that show some people have no business to post in such cerebral topics.

Please you go ahead and post some "good intellectual" stuff instead of complaining.

 

[below_freezing]

we should convert as many USD assets into oil as possible. we're taking steps towards this goal but we're still buying, otherwise the accumulated money is worthless and a liquidity risk.