Osiris-ODS
Diamond Member
- Jan 22, 2019
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Trump's tariffs are not working.
The annual trade deficit the past 3 years under Trump are higher than the average trade deficit for the 8 years under Obama.
The tariff's are having a negative affect on the economy. Manufacturing is declining. Hiring has slowed down. Economists are concerned about recession.
The only ones gaining are the bureaucrats administering the tariffs
The tariffs are reducing profits of US businesses and consumers are paying more for products
Nice job Donald Trump!
Foreign Trade - U.S. Trade with World, Seasonally Adjusted
You obviously don't understand trade deficits. A trade deficit is not necessarily a mark of economic slowdown, you have to look at all of the factors involved. To wit, where--as here--consumer spending in the US far exceeds the economic matrix of the country on the other end of the deficit comparison. Where the economy in the US is running strong and the economy in China is tanking, the trade deficit is going to increase. It is an obvious red herring whenever someone points to trade deficits as support for a point like yours without consideration of the other factors. Unfortunately many people are too uninformed about economics to know better, and lap this swill up to support their predisposed beliefs. This is called "confirmation bias"