The impact of this trade war and the opportunities lost by American businesses both large and small can not only be tracked by the public earnings reports, but through American exports.
And a deal, no matter what is agreed on, would never make up for the losses sustained during this trade war, according to calculations based on the decrease in volumes of containers, cargo and tankers that traveled into U.S. ports.
For a perspective on the losses, look no further than the Port of Los Angeles, the largest port in the country. U.S. exports to China from the bustling harbor decreased for 12 consecutive months. It suffered a 19.1% drop in export volume when comparing October 2019 with the same month in 2018.
China's retaliatory tariffs hit 96.6% of the purchases of U.S. exports that traveled through the L.A. port complex, with a price tag of $19.9 billion.
Add on the additional retaliatory tariffs from the other countries the U.S. is sparring with on trade, and that brings the total of impacted export cargo to $20.2 billion, or 28.8% of all export value through the L.A. port system.
Considering 95% of the world's consumers are outside of the U.S., the tariffs imposed on American goods have priced them out of the global marketplace.
#64 | POSTED BY JEFFJ
And you believe that simply losing an election is the same message as Impeachment? Because in my opinion being fired is much worse than being laid off... If he is impeached and removed he also wouldnt get the pension under the former presidents act, due to termination. It may be a long shot to have him removed but I believe impeachment sends a lot louder message about his actions than simply losing the re-election ever could.