November 5, 2018

The smart mercantilist leaders of China, Japan and Germany — the three countries accounting for nearly 30 percent of the world economy — knew all along that U.S. President Donald Trump’s huge fiscal stimulus would be sending wonderfully large gifts their way.

And here it is: During the first three quarters of this year, America cut them a $401.7 billion check from its growing domestic purchasing power.

That was an 8 percent increase from the same period of last year, with China’s lion share of $301.4 billion soaring 10 percent.

Read more:

https://www.cnbc.com/2018/11/05/us-keeps-cutting-large-checks-to-china-japan-and-germany---commentary.html