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Trump doesn't talk as much about trade deficits anymore. Maybe because they're getting worse

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posted on Sep, 19 2018 @ 04:24 PM
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What's happening here? Historic and record breaking deficits, the national debt reaching historic levels under any one administration and now the trade deficit is getting out of hand.


President Trump built his trade policy on an obsession with cutting fat U.S. deficits with China, Mexico, Europe and others.

But for weeks, Trump has barely mentioned that once-singular economic focus. No tweets about trade deficits since July. And the subject was conspicuously missing from his 371-word statement Monday announcing new tariffs on $200 billion worth of Chinese imports.


Why?


The reason? U.S. trade deficits have soared since he took office, driven up by strong consumer spending but also by the blizzard of tariffs he unleashed to lower deficits. Eager to avoid anticipated higher prices, American businesses have responded to tariffs by ramping up imports from China and elsewhere.

The overall U.S. trade deficit rose 10% last year to $552 billion, after being flat the prior two years. The deficit surged another 7% this year through July.


Source

Look maybe we outta look at this as those labor pains before that darling of a baby is born? All this economic war may be taking a toll ya know? But folks hang in there! I mean coming up 2 years but you know.... hang in there I guess? There's light at the end of Trump tunnel? I guess?

Boy or boy, these a different times I tell ya.





posted on Sep, 19 2018 @ 04:25 PM
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america is resilient



posted on Sep, 19 2018 @ 04:28 PM
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a reply to: carewemust


america is resilient


Resilient to what? The incompetency of this Administration and their out of control spending? No, we're not resilient if we're doing it to ourselves Care.

Don't worry, I'll assume you're of an older generation like myself? The kids will pick up the tab yea?




posted on Sep, 19 2018 @ 04:29 PM
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a reply to: Southern Guardian

Nations are coming to the table to re-negotiate trade deals. Tariffs aren't working?



posted on Sep, 19 2018 @ 04:31 PM
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I tell ya what, Trump and Co. are certainly doing a great deed distracting their supporters from all this. Liberal pedos, the Deep State, Q... the great distraction. So easy.




posted on Sep, 19 2018 @ 04:31 PM
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a reply to: Southern Guardian


The overall U.S. trade deficit rose 10% last year to $552 billion, after being flat the prior two years. The deficit surged another 7% this year through July.


www.scarbrough-intl.com...

Steel and Aluminum tariffs became effective June 1, then a group of tariffs didn't even kick in until July 6th, with most of them becoming effective after August 30th. Of course the trade deficit went up, 90% of the year's trade occurred prior to the implementation of the first set of tariffs. How many garden veggies were growing in your garden before you planted your seeds for the year, SG?



posted on Sep, 19 2018 @ 04:32 PM
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Trump is truly damaging the economy.

The only question is; is he doing it deliberately on orders from the Kremlin or just his own stupidity



posted on Sep, 19 2018 @ 04:38 PM
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a reply to: burdman30ott6

Are you suggesting businesses should wait for the tariffs impact before doing anything about it ?

If I were running a business in the U.S II would be taking preemptive action.



posted on Sep, 19 2018 @ 04:39 PM
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edit on 19-9-2018 by NiNjABackflip because: (no reason given)



posted on Sep, 19 2018 @ 04:41 PM
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originally posted by: Willtell
Trump is truly damaging the economy.


Yes, unemployment is almost non existent, taxes are low, growth rate is higher than it's been in 4 years, the market is soaring... look, look at the damage. LOOK AT IT!!!!



posted on Sep, 19 2018 @ 04:42 PM
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originally posted by: hopenotfeariswhatweneed
a reply to: burdman30ott6

Are you suggesting businesses should wait for the tariffs impact before doing anything about it ?

If I were running a business in the U.S II would be taking preemptive action.


Uh, no, I'm saying the tariff issue didn't even come up until the 4th quarter of the fiscal year. Why would the trade deficit of quarters 1-3 be impacted by a policy which not only wasn't implemented, but wasn't even on the radar until March or April?



posted on Sep, 19 2018 @ 04:43 PM
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a reply to: Willtell

I think you need a checkup if you think a strong economy and more jobs is “damaging.” Maybe you’d prefer the tpp, we could just ship the rest of our manufacturing and it jobs to Asia and call it a day.



posted on Sep, 19 2018 @ 04:47 PM
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a reply to: avgguy

It damages the agenda of perpetuating the need for government redistribution, kept voters, and socialism... so, in a way, he's just being true to himself when he calls it damaging.



posted on Sep, 19 2018 @ 04:56 PM
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originally posted by: Willtell
Trump is truly damaging the economy.

The only question is; is he doing it deliberately on orders from the Kremlin or just his own stupidity


Oh heavens, bless your soul.



posted on Sep, 19 2018 @ 05:06 PM
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originally posted by: Willtell
Trump is truly damaging the economy.

The only question is; is he doing it deliberately on orders from the Kremlin or just his own stupidity

This is what happens when your post is based upon emotions. You cloud facts in the way of feelings. Fact is, Trump is good for the economy.

We understand you don't like him, here, have this.



posted on Sep, 19 2018 @ 05:07 PM
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a reply to: burdman30ott6

I don't know, I'm just speculating that higher prices will affect spending and would need to factored in the business plan for the next 12 months.



posted on Sep, 19 2018 @ 05:08 PM
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originally posted by: burdman30ott6

originally posted by: Willtell
Trump is truly damaging the economy.


Yes, unemployment is almost non existent...


I don't live in the US... But I know that statement is completely untrue.

Plus, I don't believe the US is somehow immune from the under-employment and stagnant wage growth that's plaguing the rest of the first world, atm.

Its all well and good for Trump to jump on twitter and paint a rosy little picture with his manipulated stats... but I'm highly suspicious of the claim that he's somehow magically created some kind of utopian golden age in the US... like some supporters are trying to claim.



posted on Sep, 19 2018 @ 05:12 PM
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a reply to: burdman30ott6




Steel and Aluminum tariffs

I work HVAC, one of the industries hardest hit by the tariffs. The cost increase due to tariffs was minimal, and projected future cost increases stand at normal inflation rates.



posted on Sep, 19 2018 @ 06:44 PM
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a reply to: Southern Guardian

Thank you! Truth will prevail....



posted on Sep, 19 2018 @ 08:12 PM
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a reply to: Subaeruginosa




I don't live in the US... But I know that statement is completely untrue.


lol. Wow.

There are so many jobs we have a labor shortage. If you lived in the US you would know that.




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