https://www.usnews.com/news/nationa...03-06/us-trade-deficit-widens-to-record-level
But I’m sure that’s all part of the strategy....
But I’m sure that’s all part of the strategy....
Deficit hits record level
- Thread starter HerdBuckeye
- Start date
WASHINGTON — America’s trade deficit in goods with the rest of the world rose to its highest level in history last year as the United States imported a record number of products, including from China, widening the deficit to $891.3 billion and delivering a setback to President Trump’s goal of narrowing that gap.
the widening gap was exacerbated by Mr. Trump’s $1.5 trillion tax cut, which has been largely financed by government borrowing, and the trade war he escalated last year.
It is a case of textbook economics catching up with some of Mr. Trump’s unorthodox economic policies. Economists have long warned that Mr. Trump’s tax cuts would ultimately exacerbate a trade deficit he has vowed to reduce, as Americans, flush with extra cash, bought more imported goods.
ARENT YOU GLAD WE GOT RID OF THOSE INCOMPETENT FOOLS IN THE OBAMA ADMIN AND REPLACED THEM WITH ALL THESE CROOKED DONALD TRUMP GENIUSES.
the widening gap was exacerbated by Mr. Trump’s $1.5 trillion tax cut, which has been largely financed by government borrowing, and the trade war he escalated last year.
It is a case of textbook economics catching up with some of Mr. Trump’s unorthodox economic policies. Economists have long warned that Mr. Trump’s tax cuts would ultimately exacerbate a trade deficit he has vowed to reduce, as Americans, flush with extra cash, bought more imported goods.
ARENT YOU GLAD WE GOT RID OF THOSE INCOMPETENT FOOLS IN THE OBAMA ADMIN AND REPLACED THEM WITH ALL THESE CROOKED DONALD TRUMP GENIUSES.
