NYT admits Trump is full of shit
In a Blow to Trump, America’s Trade Deficit Hit a Record $891 Billion
WASHINGTON — America’s trade deficit with the rest of the world rose to its highest level in history last year as the United States imported more goods than ever, including a record amount from China, ballooning the deficit to $891.3 billion and delivering a setback to President Trump’s goal of narrowing that gap. -snip
Originally posted by Robtard
In a Blow to Trump, America’s Trade Deficit Hit a Record $891 BillionWASHINGTON — America’s trade deficit with the rest of the world rose to its highest level in history last year as the United States imported more goods than ever, including a record amount from China, ballooning the deficit to $891.3 billion and delivering a setback to President Trump’s goal of narrowing that gap. -snip
Wait so are we to believe the NYT or what?
Originally posted by Robtard
How convenient
Originally posted by Emperordmb
Not really a thing of convenience tbh. If you look through any of my posts where I talk about trade, I state that I'm not a fan of protectionist goals or protectionist trade policy. This is Trump failing to meet a goal that I never really thought was a valid objective.
"America’s trade deficit with the rest of the world rose to its highest level in history" -snip
Well he hit something, that's for sure.
"The Census Bureau on Tuesday reported America's trade gap in December actually dropped slightly over the month to $44.3 billion. But on the whole, the country's trade shortfall in 2016 ballooned by $1.9 billion – or 0.4 percent – over the year to $502.3 billion. That's the largest the gap has been since 2012."
https://www.census.gov/foreign-trade/Press-Release/current_press_release/ft900.pdf
"AMERICA'S INTERNATIONAL trade deficit climbed to a four-year high in 2016 just before President Donald Trump – who during election season bemoaned the country's trade shortfall and vowed to turn things around – stepped into the White House to replace former President Barack Obama.
The Census Bureau on Tuesday reported America's trade gap in December actually dropped slightly over the month to $44.3 billion. But on the whole, the country's trade shortfall in 2016 ballooned by $1.9 billion – or 0.4 percent – over the year to $502.3 billion. That's the largest the gap has been since 2012.
Exports last year were down nearly $52 billion – 2.3 percent – though imports also declined by $49.9 billion, or roughly 1.8 percent. A strong dollar and a sluggish global economy were cited by economists as complicating factors affecting U.S. trade dynamics throughout 2016."
https://www.usnews.com/news/articles/2017-02-07/trade-deficit-hits-4-year-high-in-obamas-final-year