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Tue Sep 8, 2020, 10:00 AM

PBS: U.S. trade deficit surged in July to highest in 12 years

This just goes to show that Trump has repeatedly broken his promises across the Board not only has the budget deficit bloomed under Republican tax cuts and their mishandling of the pandemic, but the trade deficit has exploded despite Trump's hawkish policies on trade. Yet, Trump will attack Biden on trade?

https://www.pbs.org/newshour/economy/u-s-trade-deficit-surged-in-july-to-highest-in-12-years

WASHINGTON (AP) — The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount. The Commerce Department reported that the July deficit, the gap between what America buys and what it sells to foreigners, was 18.9% higher than the June deficit of $53.5 billion. It was the largest monthly deficit since July 2008 during the 2007-2009 recession.

The July deficit increase was driven by a record 10.9% increase in imports which rose to $231.7 billion. Exports were also up but by a smaller 8.1% to $168.1 billion.

When Donald Trump campaigned for president in 2016 he pledged to sharply lower the country’s large trade deficits, especially with China, which for years has been the country with the largest trade surplus with the United States.

But despite a number of high-profile trade battles and a renegotiation of the North American Free Trade Agreement with Canada and Mexico, America’s trade deficits have remained stubbornly high
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Reply PBS: U.S. trade deficit surged in July to highest in 12 years (Original post)
TomCADem Sep 8 OP
SWBTATTReg Sep 8 #1
CrispyQ Sep 8 #2
Yeehah Sep 8 #3

Response to TomCADem (Original post)

Tue Sep 8, 2020, 10:03 AM

1. Oh man! We're winning so much, can't stand it!

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Response to TomCADem (Original post)

Tue Sep 8, 2020, 10:16 AM

2. When is the media going to lay to rest this falsehood that repubs are better for the economy?

Where is our national ad campaign stating the same thing? When are we going to start challenging the myths that the GOP has been spreading about themselves for four decades now.

Party of fiscal responsibility.
Party of personal responsibility.
Party of family values.
Party of God.

The conservative party. What a fucking joke. There's nothing conservative about today's republican party.


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Response to CrispyQ (Reply #2)

Tue Sep 8, 2020, 11:08 AM

3. As soon as the billionaires that own the mass media tell them to

The billionaires prefer unregulated capitalism, so they will continue to support republicans, and you will continue to hear lies from your corporate media.

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