Comments by "bighand69" (@bighands69) on "Trump is doing the right thing on China - Home Depot co-founder Ken Langone" video.

teebone 21 US imports are mostly US products such as Apple for example. China is benefiting from the investment and output but at the same time has taxation on US imports of up to 75% on some products. You can sit there and claim it does not matter but a deficit of $420 billion in trade does matter and it is about to be corrected and if China is not prepared it will get decimated.
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+mike vic Chicago and Detroit are two Cities in 300 major incorporated cities in the US. This is what outsiders do not get about America is that cities and states they are in also have governments and are free to run their cities to the ground or to successful levels like Dallas and Salt Lake City. The GDP of Texas is 1.7 trillion. Yes the US is the greatest country on earth and the technology you are using right now comes from the US such as the internet and microchips in your computing device. LOL for you not realizing this.
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+Gusti Chokorde Your analysis is flawed. Home Depot makes their money from being in the US market not China.
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+sunnydays DDT The US has invested about 1.2 trillion directly into China and also also seen most of its manufacturing go to China. The vast majority of manufacturing US industry is based in China hence why the US has a trade deficit with of about 420 billion. The US consumer electronics industry such as computing, cell phones and entertainment systems imports about 150 billion from China and yet the vast majority of that technology is US branded products such as apple based on US patents. There is simply no getting around this fact. If the US has the political will it could have a massive impact on the Chinese economy. Remember even the Japanese electronics that is coming out of China is based on US technology. You can pull up all the fancy statistics of investment vs GDP all you want but hard dollar amounts will be the deciding factor in all of this.
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@agusagus-ci2id Maybe apple will eat Chinese prepared potato chips but not electronic chips.
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@sunnydaysddt2068 You have not changed the topic. The US has earned many trillions through China but that does not mean the Chinese have the upper hand. The US could just as easily move its manufacturing else where. I never said there was no benefit from certain industries. My argument is that US current policy is not good for the US and it is about to change. If China cannot see this coming they are in trouble.
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@sunnydaysddt2068 I never said 1.2 trillion in the year 2017. I said US direct investment totals 1.2 trillion I just never stated the year or period. That is from the year 2000 which I never stated. Now in terms of the 1.2 trillion that is direct investment meaning US corporations took 1.2 trillion of their own money and put it into Chinese industrial infrastructure. There is a reason why every year for the last decade the US has a trade deficit of about $3.5 trillion total. That means the US has invested about 1.2 trillion and has a trade deficit of $3.5 trillion which gives a balance of about $4.7 trillion in China's favor. And that is just basic analysis.
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@sunnydaysddt2068 You are in a fantasy if you think factories in China cannot be set up elsewhere. Africa is a market place that the US could target as is greater Asia. Even right now there are companies Choosing other Asian countries. If China is smart it would plan ahead and take a few hits right now and transform its economy. I am just not convinced China is willing to do that. China cannot outsource its manufacturing because it does not own the brands, patents or business infrastructures that the products are being sold in to. China for example does not own the Ford motor brand even though components are produced in China. The maybe about to do what Germany has done 40 years ago. The US may decide to invest in automation in its factories that will work along side humans. If the US does this China will not be able to stop the outflow of production to the US. The Reason the US can do this is because the sales are US based. China if it focuses on its own internal economy it could be a great success along side the US. But I doubt that is going to happen.
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+Philip Yap US economy has a rate of increase in growth of about 200% all down to the great businessman who does not put up with tyrants. And as you point out all done in the last 2 years. Growth rates are also about to double again in the next 2 years. We are now in phase one of US tax cuts phase two is going to create even more growth within in the US economy. There are now 8 million jobs in the US with no body to fill them in 2 years time it will be near to 20 million.
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