US Trade Deficit with China 2018

In the first 5 months of 2018, US exports to China totaled $53 billion and US imports from China totaled $205 billion. Our trade deficit with China was $152 billion from January to May 2018.

https://www.census.gov/foreign-trade/balance/c5700.html

Most of the deficit with China is caused by US companies contracting with China to do their manufacturing of goods that are made in China, exported from China to the US and sold to US consumers.

Trump needs to return manufacturing jobs to the US and he cut corporate taxes from 35% to 21% and removed unnecessary regulations to ensure lower electrical costs. He also offered a tax break to corporations to repatriate $4 trillion in cash back to the US. 

All of these moves got companies closer to being able to return manufacturing to the US, but not quite.  Trump is introducing 25% tariffs on Chinese made goods and that will force US companies to return manufacturing to the US.

China is dealing with their Bond debt crisis and is not able to do anything but adjust to not doing all of our manufacturing.

US corporations are dealing with intellectual property theft and the cost of handling cheap manufactured goods from China and they should be open to returning all of their manufacturing to the US.

US consumers have been dealing with cheap Chinese made goods for decades and they are open to getting better made products that last longer.

Returning the manufacture of high tech goods to the US will end the intellectual property theft as US engineers design the next versions of our electro-mechanical devices and the software it will take to run them.

US companies should select rural cities for most of their manufacturing operations. Those operations that require engineers will likely return to the suburbs and exurbs near large cities.

Norb Leahy, Dunwoody GA Tea Party Leader