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Tahoma

Trump's trade deficit hits an all-time high

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Something that needs to be addressed, but with a booming economy people are just buying more and more stuff, and now of days it is still hard to find products that are made in the USA, or if they are they are about 20% more in cost.

 

 


Just when you think you have TDS eradicate,  a new case shows up.

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I always wonder about the news of the trade deficit.  Heck, someone is willing to take a piece of paper for a good delivered.  Seems pretty good.  For the record, I do not agree with President Trump relative to tariffs.


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My cousin is a farmer.  Politically he's conservative.  He's very soured on Trump because of Trump's tariffs.  Even when Trump first announced the tariffs, my cousin knew it was going to be bad, despite the fact that Trump, over and over again, said that lowering the trade deficit would be so easy.


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32 minutes ago, ALFKAD said:

I read it was $878 billion, not $891 billion.  Still a lot, but nothing different from the past 10 years really, is it?  It has been on the rise since I started paying federal taxes many years ago.

 

https://www.census.gov/foreign-trade/balance/c0004.html#2009

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38 minutes ago, ALFKAD said:

I read it was $878 billion, not $891 billion.  Still a lot, but nothing different from the past 10 years really, is it?  It has been on the rise since I started paying federal taxes many years ago.

 

https://www.census.gov/foreign-trade/balance/c0004.html#2009

 

It’s Ok if Republicans do it. 


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35 minutes ago, ALFKAD said:

I read it was $878 billion, not $891 billion.  Still a lot, but nothing different from the past 10 years really, is it?  It has been on the rise since I started paying federal taxes many years ago.

 

https://www.census.gov/foreign-trade/balance/c0004.html#2009

 

  Not that a trade deficit is inherently bad, but Trump did say he was going to eliminate it. Hard to say if it was naivety or just an outright lie, but other presidents didn't suggest they were going to do that, nor was there really a sound economic reason for doing some of these things.


995507-quote-moderation-in-all-things-an

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Posted (edited)
45 minutes ago, Steeleballz said:

 

  Not that a trade deficit is inherently bad, but Trump did say he was going to eliminate it. Hard to say if it was naivety or just an outright lie, but other presidents didn't suggest they were going to do that, nor was there really a sound economic reason for doing some of these things.

Pretty sure Obama promised to either get rid of it, or lower it, too.

 

Naivety I think it is.  It will never go away in our lifetimes, only get bigger, IMO.  What is good for the people is not good for the gubmint.

Edited by ALFKAD

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46 minutes ago, spookyturtle said:

 

It’s Ok if Republicans do it. 

Your reply is nonsensical, because it has risen over the last 5 decades regardless of who was in control (minus once).

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3 minutes ago, ALFKAD said:

Pretty sure Obama promised to either get rid of it, or lower it, too.

 

Naivety I think it is.  It will never go away in our lifetimes, only get bigger, IMO.  What is good for the people is not good for the gubmint.

 

   I have a trade deficit in my own life too. I buy way more stuff than I sell. I like it that way. I'm not trying to change it. I remember years ago when I was unemployed for 3 months, I had to sell some gold coins. So I had a trade surplus that year. I wasn't real happy about it.


995507-quote-moderation-in-all-things-an

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