Quote:
Originally Posted by LexusLover
Trump has a few more years to work on the trade deficit.
It's taken decades to fuck this place up and the sensible folks in this country are going to give him some more time to straighten things out. Patience is a virtue.
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Maybe he can figure out if a shrinking trade deficit is a good or bad thing. His voters sure as fuck do not know, that's one of the reasons they voted for this piss poor president.
http://www.ecns.cn/business/2018/02-07/291897.shtml
A surging U.S. economy and the U.S. tax cut bill that went into effect in January have both helped increase the U.S. trade deficit, complicating President Trump's promise to his supporters to bring down the trade deficit.
"The larger U.S. trade deficit is absolutely not the fault of China or Mexico," said Gary Hufbauer, a nonresident senior fellow at the Peterson Institute for International Economics.
Hufbauer, the deputy assistant secretary for international trade and investment policy of the U.S. Treasury from 1977 to 1979, said the large deficit simply reflects the strong dollar in the first half of 2017 and the good U.S. economy.
"If Trump once again blames trade agreements other countries should tune him out," he told China Daily on Tuesday.
Trade deficit grows 12% under Trump
