Drudge Retort: The Other Side of the News
Tuesday, November 19, 2019

The constant bluster has blurred the reality of what a deal would even accomplish, if anything at all. The only way to shovel away the pile of broken promises and contradictory comments is to analyze the flow of maritime trade. Why? With 90% of all items in a house transported over water, it is the purest form of showing supply and demand. The flow of trade is agnostic. It moves regardless of who is "winning" or "losing."

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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.

#1 | Posted by J_Tremain at 2019-11-19 11:35 AM | Reply

US Trade War Loses Will Never Be Recovered

We lost that war in the 80's WTF is wrong with you people?

#2 | Posted by Sniper at 2019-11-19 12:42 PM | Reply

"We lost that war in the 80's" - #2 | Posted by Sniper at 2019-11-19 12:42 PM

Thanks to Ronald Reagan.

#3 | Posted by Hans at 2019-11-19 12:48 PM | Reply | Newsworthy 3

I get spam emails every day from Chinese shippers. They want me to ship goods with them - from China to Mexico or vice versa primarily. Looks like they have an angle.

#4 | Posted by GalaxiePete at 2019-11-19 01:11 PM | Reply

The new business relationships built during Trump's 8 years in office will now compete with America for business forever.

#5 | Posted by BruceBanner at 2019-11-19 02:18 PM | Reply

Wait, what?

-The Increasingly Desperate "right"

#6 | Posted by ChiefTutMoses at 2019-11-19 02:20 PM | Reply

This is what Trumpers want.

They want America to take a back seat on the world stage.

Declining American industry is an inevitable part of the narrative.

#7 | Posted by snoofy at 2019-11-19 02:23 PM | Reply

#7 there is a mirror of those intentions on the left too.

#8 | Posted by BruceBanner at 2019-11-19 02:55 PM | Reply

Based on the flow of trade and #China's trade deals with other countries US losses from Trump's China trade war will never be recovered,

This was obvious from day one.

Trump has been giving American jobs to Russia.

Republicans are okay with this because they want to weaken America and turn us into a theocracy.

#9 | Posted by ClownShack at 2019-11-19 03:10 PM | Reply

there is a mirror of those intentions on the left too.

The intention of the left had never been to give American jobs to Russia but to bring more jobs from overseas back home.

You really shouldn't talk about what you're ignorant of. You end up seeming foolish.

#10 | Posted by ClownShack at 2019-11-19 03:15 PM | Reply

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I'm not a global economist and I don't play on the DR like some here but I don't see how 12 months of decreasing sales volume from tariffs can NEVER be recovered.

pretty bold prediction, IMO.

#11 | Posted by eberly at 2019-11-19 03:22 PM | Reply

pretty bold prediction, IMO.

#11 | POSTED BY EBERLY

Are you a farmer? Any experience with farming?

Farmers are always under stress and live on the edge most of the time as so many variables are out of there control.

Some farmers can recover from bankruptcy but many cannot and never will recover.

And how exactly does one recover from suicide?

Some things in life cannot be undone. You cannot Unbreak an egg or unscramble it once it's broken and made into an omelet.

#12 | Posted by donnerboy at 2019-11-20 10:41 AM | Reply

I don't see how 12 months of decreasing sales volume from tariffs can NEVER be recovered.

pretty bold prediction, IMO.

#11 | POSTED BY EBERLY

To expound even further.

Someday ALL of the money lost MAY indeed be recovered.

But NOT by those who lost it.

If this money is ever recovered It will be "redistributed" to the wealthy.

Where it obviously belongs!

#13 | Posted by donnerboy at 2019-11-20 10:45 AM | Reply

I don't see how 12 months of decreasing sales volume from tariffs can NEVER be recovered.

China is signing new deals with Russia and (IIRC) Brazil. Once these deals are in place they'll likely continue working with each other for the foreseeable future. Meaning America's losses will never return.

Based on the flow of trade and #China's trade deals with other countries US losses from Trump's China trade war will never be recovered,

Based on China's trade deals with other countries, America's losses will never be recovered.

#14 | Posted by ClownShack at 2019-11-20 11:23 AM | Reply

The intention of the left had never been to give American jobs to Russia but to bring more jobs from overseas back home.
You really shouldn't talk about what you're ignorant of. You end up seeming foolish.

#10 | POSTED BY CLOWNSHACK AT 2019-11-19 03:15 PM | FLAG:

I didn't say that. Who's the fool here Clown Shack?

#15 | Posted by BruceBanner at 2019-11-20 02:54 PM | Reply

I'm not a global economist and I don't play on the DR like some here but I don't see how 12 months of decreasing sales volume from tariffs can NEVER be recovered.
pretty bold prediction, IMO.

#11 | POSTED BY EBERLY AT 2019-11-19 03:22 PM | FLAG:

Why would we ever get it back?

#16 | Posted by BruceBanner at 2019-11-20 02:56 PM | Reply

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