China’s trade surplus with the world tops $1 trillion, despite tariffs

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China’s trade surplus with the rest of the world has topped $1 trillion for the first time, news that calls into question the effectiveness of developed countries’ — and especially President Donald Trump’s — attempts to stem the flood of manufactured goods flowing out of China.

“Put simply, China’s price competitiveness is extremely strong,” said Xu Tianchen, a senior economist for the Economist Intelligence Unit in Beijing. “The main reason behind the continued growth of China’s exports … is not … because the overall size of global trade has expanded, but because China is claiming a larger share of the existing trade landscape.”

 

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AI is America's answer to the it's competitive disadvantage with China's labor cost structure. We cannot compete with China on price so the bet is we can beat them on margin.

Data centers take 1000's to build, but less then 100 people to operate.

Forget the 20 million illegals, they can be thrown out of the country or locked up. The real challenge is the 300 million working White American citizens that make up America's middle class.

How will they be dealt with?