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Since “orange man” was president in each of the last three years and all three featured a larger trade deficit than pre-“orange”, this is just total nonsense.
by elgenie 7y ago
Since “orange man” was president in each of the last three years and all three featured a larger trade deficit than pre-“orange”, this is just total nonsense.
Also, assigning credit (or blame) for jitter in a giant flow doesn’t make sense unless there is particular action taken the effects of which are isolated. So, for example, slapping on some dumb tariff adding $X00 billion to a trade deficit that otherwise fell by $X01 billion due to continuation of existing economic trends isn’t an accomplishment to crow about.
- ThomPete 7y agoTrade deficits were started by former presidents, what the current administration is doing will hopefully reverse a lot of that. China needs the us more than the other way around. What is dumb is letting the chinese criminal regime continue to cheat and lie their way to more power. Forced technology transfer, no ip enforcement, currency manipulation, unfair advantages as a developing nation status. That none if the previous presidents dealt with that is astounding.
- elgenie 7y agoBlowing up the TPP and the "phase one" trade deal being signed shows there's no actual strategy being executed. Also, trade deficits aren't a meaningful issue in and of themselves.
- ThomPete 7y agoTPP was horrible and we are better off without it. Economy is doing amazing on almost all fronts. Whats not to like?