Sun Nov 17, 2019, 05:23 PM

We're Losing Trump's Trade War

We’re Losing Trump’s Trade War
Despite Tariffs, the U.S. Trade Deficit Continues Rising

"Trump’s tariffs are a tax on Americans, paid by companies who import goods and then either passed on to consumers or absorbed as reduced profits."

By David Cay Johnston, DCReport Editor-in-Chief

Link: https://www.dcreport.org/2019/11/12/trade-deficit-up-were-losing-trumps-trade-war/

(snips)

Candidate Donald Trump railed against America’s chronic trade deficits, vowing to eliminate them if he became president.

So, how’s Trump doing? Awful. Trade deficits are growing on his watch. The overall trade deficit in September was 21% larger than during his first full month in office.

In 2016, under President Barack Obama, America imported $502.9 billion more in goods and services than it sold in exports.

In 2018, under Trump, that ballooned to $627.7 billion, an increase of $124.7 billion, and the deficit is on pace to run even deeper in 2019. For the nine months ending in September, the overall trade deficit was $481.3 billion, up $24.8 billion for the same period of 2018.

Sooo much winning - how in hell do we stand it?........

KY..............

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8 replies	Author	Time	Post
We're Losing Trump's Trade War (Original post)	KY_EnviroGuy	Nov 2019	OP
Unpossible! Per Glorious Leader: US Farmers Will Get "Cash" From Tariffs	mahatmakanejeeves	Nov 2019	#1
K&R. Thanks for that info.	KY_EnviroGuy	Nov 2019	#4
Hopefully trump, and others, will realize global trade is here to stay and we	Hoyt	Nov 2019	#2
Remember? Trade wars are good and easy to win.	keithbvadu2	Nov 2019	#3
I'm combating the tariffs by cutting my purchases.	roamer65	Nov 2019	#5
Glorioski, nobody saw that coming!	gratuitous	Nov 2019	#6
pretends to be shocked	Initech	Nov 2019	#7
Duh. (n/t)	Ms. Toad	Nov 2019	#8

Response to KY_EnviroGuy (Original post)

Sun Nov 17, 2019, 05:38 PM

mahatmakanejeeves (50,963 posts)

1. Unpossible! Per Glorious Leader: US Farmers Will Get "Cash" From Tariffs

Trump Lies: US Farmers Will Get “Cash” From Tariffs
November 17, 2019

Reuters reports:

President Donald Trump on Sunday welcomed a “cash” payout to American farmers before the Thanksgiving Day holiday that he attributed to China tariffs, but that money actually is part of a U.S. government aid package. The U.S. Department of Agriculture said on Friday it will begin making a second round of 2019 trade aid payments to U.S. farmers next week.

The payments are the second part of a three-tranche $16 billion aid package announced in May to compensate farmers for the U.S.-China trade war. China imposed tariffs on key U.S. agriculture exports including soybeans and pork last year after Trump’s administration levied duties on Chinese goods.
....

Our great Farmers will recieve another major round of “cash,” compliments of China Tariffs, prior to Thanksgiving. The smaller farms and farmers will be big beneficiaries. In the meantime, and as you may have noticed, China is starting to buy big again. Japan deal DONE. Enjoy!