dezii
Distinguished Associate
Joined: May 18, 2017 14:26:36 GMT -5
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Post by dezii on Nov 6, 2019 19:23:37 GMT -5
the Donald...thus our trade war and many, many tariffs with China. According to following article, it seems the trade deficit is growing...not decreasing. Costing the world economy hundreds of billions...jobs too..including those here in the USA. -------------------------------------------- "The overall U.S. trade deficit widened in the first nine months of 2019, to nearly $500 billion, a sign that the Trump administration’s approach to trade has so far done little to make a dent in the imbalance." ----------------- "A survey by researchers at the Federal Reserve Bank of Atlanta estimated this week that trade tensions and tariffs subtracted roughly 40,000 new jobs a month from the economy in the first half of the year, a total that is set to grow. Last month, the International Monetary Fund estimated that the U.S. trade war with China could cost the global economy around $700 billion by 2020, a loss equivalent to the size of Switzerland’s entire economy." --------------------------------------- www.yahoo.com/news/trump-vowed-shrink-trade-gap-124958955.html
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
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Post by djAdvocate on Nov 6, 2019 22:09:25 GMT -5
trade deficits are meaningless.
I am sure I will catch shit for that, but that is where I stand.
if Trump makes a big deal about them, he is going to lose that argument. but it plays well to the jingoists.
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