A short post again as I am short on time. But here’s the twelve month trailing average trade deficit between the US and China.
Now, call me crazy, but something tells me that this deficit exists because the Chinese produce stuff we want and we don’t produce stuff the Chinese want. I mean, what American doesn’t want cheap clothing, electronic gadgets and consumer electronics. But tell me how many Chinese demand “grief counseling” or self-help books or the services of sociology majors and other such products that the US is seemingly only capable of producing?