someoneyouknow
Literotica Guru
- Joined
- Jun 5, 2006
- Posts
- 28,274
Have to give the con artist credit. He loves outdoing Obama. Last year he did it again. $891.3 billion trade deficit against the world. The largest ever.
His strong dollar policies has made it more expensive for people overseas to buy U.S. goods, and his massive wealth transfer last year, which requires the U.S. to borrow more money to pay its bills which in turn means the deficit and debt are also soaring, along with his "easily winnable" trade war, have helped to exacerbate the issue. Last year, the trade deficit expanded by 12.5% over the previous year.
As his businesses repeatedly fail, so we all now must endure the same failures.
https://www.nytimes.com/2019/03/06/us/politics/us-trade-deficit.html
His strong dollar policies has made it more expensive for people overseas to buy U.S. goods, and his massive wealth transfer last year, which requires the U.S. to borrow more money to pay its bills which in turn means the deficit and debt are also soaring, along with his "easily winnable" trade war, have helped to exacerbate the issue. Last year, the trade deficit expanded by 12.5% over the previous year.
The United States also imported a record amount of goods from China last year, despite Mr. Trump’s trade war with China and the imposition of tariffs on $250 billion worth of Chinese goods. The trade gap in goods between the United States and China hit $419 billion in 2018, deepening a bilateral deficit that has been a particular source of anger for Mr. Trump.
As his businesses repeatedly fail, so we all now must endure the same failures.
https://www.nytimes.com/2019/03/06/us/politics/us-trade-deficit.html