Trump Calls Deals With China 'Peanuts'

Referring to recent export deals signed earlier this week, Trump said, “They're ordering some Boeings. That's peanuts. They're starting their own airline manufacturer.”

The deals total $45 billion, but even that large sum pales in comparison to the projected $274 billion deficit with China last year. As America continues to import more and more goods from China, more and more jobs are produced there instead of here.

Article:www.economyincrisis.org

Author:Sam Williford

Creative Commons Attribution-ShareAlike license

Well,of course the Chinese are starting their own airline manufacturer-along with everything else. The Chinese invite companies into the country with lots of strings attached. Mostly the strings have to do with sharing of technology and expertise. They aren't stupid and they're going to glean as much as they can off of non-Chinese investments so they can capture and corner not only their own market, but world markets as well.

They don't want foreign companies sucking up their domestic markets and benefiting from low-cost of operating in China at the expense of it's own development and growth. All of these companies moving to China creates a huge opportunity for the Chinese to take the lead in R&D and production. They're set to file somewhere in the neighborhood of 2 million patents compared with the paltry U.S. average of 400 thousand annually. He who owns the patent owns the technology and the relevant markets.

Forget about bringing good jobs which produce something tangible and useful back to America. Globalization and bad trade deals have secured America's place in the economic (and,as a result, the political) dust-bin of history for a long time, if not forever. The Sleeping Giant is awake and hungry...

reply to post by FlyingJadeDragon


I would imagine china is offering these aircaft so they can crack them open and see how they tick. Just like crappy ipad knock offs, chinese companies buy the original so they can attempt to replicate and emulate. As every thing we see today from china us just that, crap. But that current stop us from gobbling it up.

reply to post by sicksonezer0


Yeah,reverse-engineering plus outright acquisition of key technologies is something that works in any country's favor. Everyone does it to certain degree. China is fast moving beyond the 'knock-off' stage and into the realm of genuine home-grown products that can actually compete on large-scale.

China is 'the man'. It now runs the world. Trump understands this. He's talking about running for POTUS in 2012. I'd consider voting for him .. but I don't know if he understands that you can't say 'YOU ARE FIRED' to elected officials.

reply to post by FlyersFan


Trump apparently has a long,tight history of dealing with the Chinese. I'm sure he understands how it all works there very well. Whether or not he would actually be able to stand up and prevail against the Chinese on things like trade however is an entirely different story seeings how the U.S. is pretty much in China's back pocket now.

since there are very few things that are purely 'coincidence...

consider that 2012 is the 'Year of the Dragon' in the Chinese calendar sequence
with that idea in mind,
(the Dragon has long been associated with China-- the Panda is a new icon)
i propose that in Y2012, that the Chinese Yuan, Gold and the Russian Ruble, Deutsch Mark
Islamic Gold Dinar.... will be the new basket of monies comprising the World Reserve Currency

poor USA will only be a client state to it's Patron State = China

Corparate America has sold thier souls to the Chinese and when the ship sinks we're going down with them.

How long before Boeing needs a bailout?

It's just a matter of time.

Which company do you think will have the worse pollution record, Boeing or the Chinese company?
Which company do you think will have the worse human rights record, Boeing or the Chinese company?

Did all of the liberal regulations in the US actually accomplish anything then? Other than the destruction of the US that is.