The Economy

Trump’s Tariffs Crush Trade Deficit — and the Left is Melting Down​

By Martin Tribe / July 30, 2025



Trump’s tariffs might be solving trade deficits that have persisted for decades, to the dismay of liberal naysayers, according to the recent data from the Commerce Department.

In May 2025, the trade gap between imports and exports reduced from $96.4 billion to $86.0 billion, against the expected deficit of $99 billion.


While exports slightly reduced by 0.4%, potentially due to reciprocal tariffs to $178.2 billion, imports significantly reduced by 4.2% to $264.2 billion.

Consumer goods, such as apparel and electronics, which account for most of the trade deficit, reduced by a whopping 12.4%, industrial goods by 5.5%, and automotive commodities by 2.0%.

More here: https://thepopulisttimes.com/trumps-tariffs-crush-trade-deficit-and-the-left-is-melting-down/
 
🙄

Rightard and ill74 don’t understand the meaning of “skewed” as it relates to the GDP numbers, etc, that are “skewed” due to DonOld’s dumb tariff disruptions, etc.

😑

That ^ actually tracks…

😑

We. Told. Them. So.

🌷
 

Trump’s Tariffs Crush Trade Deficit — and the Left is Melting Down​

By Martin Tribe / July 30, 2025



Trump’s tariffs might be solving trade deficits that have persisted for decades, to the dismay of liberal naysayers, according to the recent data from the Commerce Department.

In May 2025, the trade gap between imports and exports reduced from $96.4 billion to $86.0 billion, against the expected deficit of $99 billion.


While exports slightly reduced by 0.4%, potentially due to reciprocal tariffs to $178.2 billion, imports significantly reduced by 4.2% to $264.2 billion.

Consumer goods, such as apparel and electronics, which account for most of the trade deficit, reduced by a whopping 12.4%, industrial goods by 5.5%, and automotive commodities by 2.0%.

More here: https://thepopulisttimes.com/trumps-tariffs-crush-trade-deficit-and-the-left-is-melting-down/

Context:

Imports returned to the level of the 4th quarter of 2024 after soaring in the 1st quarter of 2025 (because companies rushed to import ahead of Trump’s tariffs).

The trade deficit isn’t “crushed” and nobody is “melting down”. 😆

IMG_1030.jpeg

Imports will probably drop more in the future because Trump is taxing anyone who buys them, but we’ll have to wait and see how much.

And as your article states, exports dipped too. Unintended consequences of starting trade wars. 👍
 
🙄

Rightard and ill74 don’t understand the meaning of “skewed” as it relates to the GDP numbers, etc, that are “skewed” due to DonOld’s dumb tariff disruptions, etc.

😑

That ^ actually tracks…

😑

We. Told. Them. So.

🌷
Answer the question.

Yes
Or
No
 
DonOld & the MAGAt republicans:

“The economy is "BOOMING!!!" thanks to the policies / actions of DonOld & the MAGAt republicans”.

🤔

Also DonOld & the MAGAt republicans:

“THE FED MUST LOWER INTEREST RATES!!!” (which NEVER happens when the economy is "BOOMING!!!").

Weird…

😳 😑 🤣 🤬

We. Told. Them. So.

🌷
 
Sluggish job growth and unemployment rate ticks up

And previous job estimates were revised downward. Not good.

The US economy added 73,000 nonfarm payrolls in July, less than than the 104,000 expected by economists. The unemployment rate moved up to 4.2% from 4.1% the month prior, in line with expectations from economists.

In June, the US economy added just 14,000 jobs while the unemployment ticked lower to 4.1%. Those figures were revised significantly lower on Friday from an initial reading of 14,7000. Revisions showed the labor market added 258,000 less jobs than initially reported in May and June.
 

CNN Panelist Gets Mocked to His Face After His Trump Tariff Prediction Crashed and Burned [WATCH]​

By LifeZette News Staff
August 1, 2025

Republican strategist Scott Jennings pushed back against CNN International host Richard Quest during a live segment on Wednesday night, revisiting previous predictions Quest made about economic downturns tied to President Donald Trump’s trade policies.

“I would just like to go back — I would like to build a DeLorean and go back to April, when everybody here was predicting ‘likely to cause a recession, investment stops and a recession happens, they‘re not talking about a U.S. recession, they‘re talking about a global recession, lead to recession, eventually, there will be a recession,’” Jennings said, referencing the fictional time machine from the Back to the Future film franchise.

Quest responded, “So, very cleverly, very cleverly — hang on a chosen. If he’s chosen to use my words, I just want to point out — just a second, sir.”

Jennings replied, “I just want to point out, you called the recession. You called it. You took your shoe off,” referencing a previous moment on-air. Quest asked, “Would you like to see that again?”

More here: https://www*****zette.com/2025/08/c...p-tariff-prediction-crashed-and-burned-watch/

We find many leftists and other dummies dining on their words these days.
 
The construction industry has hit a rough patch.

US construction spending extends decline in June

The Commerce Department's Census Bureau said on Friday that construction spending fell 0.4% after a revised 0.4% decrease in May.

Spending on private construction projects slipped 0.5%. Investment in residential construction decreased 0.7%, with outlays on new single-family housing projects plunging 1.8%.

That’s a 21% annualized drop in new single family housing construction.
 
https://www.axios.com/2025/08/01/trump-tariffs-inflation-jobs-report

Trump's latest tariffs will cost U.S. households $2,400 this year, analysis says​


The new tariff rates President Trump announced late Thursday are the highest in nearly a century and will cost the average family about $2,400 this year, the Yale Budget Lab said.

Combined with the surprisingly weak jobs report Friday morning, it’s the latest sign that American households face a much more difficult economy in the months to come. On Thursday, Trump revised the sweeping global tariffs he imposed in April, lowering rates for many countries while raising them for a few.

They will mostly take effect starting Aug. 7, though some change as soon as Friday. After blending the various rates assigned to different countries, the average tariff now stands at 18.3%, the highest since 1934, the Yale group said.
 
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