point right US Trade Deficit Ballooning Even after Years of Tariffs , Trade Deals & Trade Wars !!
Digital News
2020-10-05
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Trade Deficit Ballooning after Years of Tariffs , Trade Deals & Trade Wars
A cratering economy. A soaring trade deficit, the highest since 2008.
A record budget deficit, the worst since World War 2.
And a ballooning public debt. So much winning.
In August, the US trade deficit in goods swells to a whopping $82.9 Billion. The worst trade deficit since the 2008 recession.
The commerce department reports U.S. trade is in a deep deficit. The worst we’ve seen since the recession in 2008. And for the month of July, the commerce department reported that the gap between what America buys from other countries and what it’s selling - grew by a record amount - totaling more than 63 billion dollars. That’s nearly 19% higher than just a month before.
Trade wars were supposed to be easy to win, how is that China deal working out? How comes our trade deficit continues to climb year by year, and month after month.
How's that trade war going!
Four years later, billions of dollars in bailouts. American Farmers suffering for nothing.
Small family farms have been wrecked. The farm bailouts went to millionaire farmers.
So much for bringing all that manufacturing back home and eliminating the trade deficit.
Where are all these jobs that would be coming back to the US so we would not have to import much of what we need? Evidently, those tariffs are having no effect, and those trade deals we renegotiated were useless.
The tax cut for the wealthy and the corporations were useless too.
A tariff is a consumer tax, not a producer's tax. The tariff taxed the people of America.
Despite promising to cut the US trade deficit in the 2016 election campaign, Donald Trump must now grapple with an even larger gap, after two years of tariffs and the escalating trade war with China. Meanwhile, China has announced TikTok is now on a list of Chinese companies prohibited from exchanging technology with the US.
The US international trade deficit jumped again in August. Advance Indicators The Census Bureau reported on Advance Economic Indicators for August. Advance International Trade in Goods: The US trade deficit in goods climbs 3.5% in August to record $82.9 billion.
The U.S. trade deficit surged 18.9% in July to $63.6 billion from an upwardly revised $53.5 billion in June. This is the widest trade deficit since 2008.
A cratering economy. A soaring trade deficit, the highest since 2008.
A record budget deficit, the worst since World War 2.
And a ballooning public debt. So much winning.
In August, the US trade deficit in goods swells to a whopping $82.9 Billion. The worst trade deficit since the 2008 recession.
The commerce department reports U.S. trade is in a deep deficit. The worst we’ve seen since the recession in 2008. And for the month of July, the commerce department reported that the gap between what America buys from other countries and what it’s selling - grew by a record amount - totaling more than 63 billion dollars. That’s nearly 19% higher than just a month before.
Trade wars were supposed to be easy to win, how is that China deal working out? How comes our trade deficit continues to climb year by year, and month after month.
How's that trade war going!
Four years later, billions of dollars in bailouts. American Farmers suffering for nothing.
Small family farms have been wrecked. The farm bailouts went to millionaire farmers.
So much for bringing all that manufacturing back home and eliminating the trade deficit.
Where are all these jobs that would be coming back to the US so we would not have to import much of what we need? Evidently, those tariffs are having no effect, and those trade deals we renegotiated were useless.
The tax cut for the wealthy and the corporations were useless too.
A tariff is a consumer tax, not a producer's tax. The tariff taxed the people of America.
Despite promising to cut the US trade deficit in the 2016 election campaign, Donald Trump must now grapple with an even larger gap, after two years of tariffs and the escalating trade war with China. Meanwhile, China has announced TikTok is now on a list of Chinese companies prohibited from exchanging technology with the US.
The US international trade deficit jumped again in August. Advance Indicators The Census Bureau reported on Advance Economic Indicators for August. Advance International Trade in Goods: The US trade deficit in goods climbs 3.5% in August to record $82.9 billion.
The U.S. trade deficit surged 18.9% in July to $63.6 billion from an upwardly revised $53.5 billion in June. This is the widest trade deficit since 2008.
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