The Briefing Room

General Category => Economy/Business => Topic started by: ABX on April 08, 2019, 03:06:20 pm

Title: Trump's Plan to Reduce Trade Deficit Falters as it Hits an All-Time High Instead
Post by: ABX on April 08, 2019, 03:06:20 pm

Government interventionism in the markets doesn't work? Shocked I tell you, shocked....

Quote

President Trump’s America First policies are not having their intended effect.
The Commerce Department reported Wednesday the U.S. posted a more than $891 billion merchandise trade deficit last year—the largest in the history of the country.
Significantly, the trade deficit with China hit a record $419 billion, despite a series of tariffs the administration imposed on Chinese goods to decrease reliance on imports.
Meanwhile, the overall goods and services deficit jumped 19% between November and December 2018, to $59.8 billion, the highest monthly trade deficit in 10 years. .....

http://fortune.com/2019/03/06/us-trade-deficit-record-high/?utm_source=facebook.com&utm_medium=social&utm_campaign=social-share-article&utm_content=20190408&fbclid=IwAR0a_Hs_CLDHv-S3rcfPPZR-tVeh52yJfMSWDvChm2M6Wzpxk72092aCDKw (http://fortune.com/2019/03/06/us-trade-deficit-record-high/?utm_source=facebook.com&utm_medium=social&utm_campaign=social-share-article&utm_content=20190408&fbclid=IwAR0a_Hs_CLDHv-S3rcfPPZR-tVeh52yJfMSWDvChm2M6Wzpxk72092aCDKw)

Title: Re: Trump's Plan to Reduce Trade Deficit Falters as it Hits an All-Time High Instead
Post by: InHeavenThereIsNoBeer on April 08, 2019, 03:19:13 pm

The deficit jumped right before significant tariff increases kicked in?   I wonder what could cause that.

Title: Re: Trump's Plan to Reduce Trade Deficit Falters as it Hits an All-Time High Instead
Post by: Absalom on April 08, 2019, 07:35:34 pm

Principle (Sovereign Right) always trumps principal (fatter capitalist wallets).
Nations that either don't grasp or ignore this, litter the dustbin of history.
Nevertheless, Trump's lack of awareness of cause and effect is embarrassing!