How's that pesky trade war Trump started? U.S. Trade Deficit in Goods Reaches Record High

[colfax_m]

The OP must be a millennial.

"If it doesn't happen the moment it is stated, then it is a failure."

China is playing the long game, and Americans whine when their instant oatmeal takes more than 20 seconds.

Trump set the expectation that he’d be able to fix this very quickly.

Not really. Anyone with any modicum of understanding regarding economic interactions between nations knows that if someone says this will happen soon, soon = 18 months to 10 years.

On the world stage, economic issues just don' turn on a dime unless it a market crash. We don't make policy or write treaties regarding trade in a single piece of paper in an afternoon over coffee.

Anyone with a modicum of understanding? I guess that excludes Trump then.

 

[kyzr]

The trade balance is actually worse than it seems because record oil and gas exports from the USA are masking the decline in goods and services exports.

Manufacturing is already in decline in the USA and investment in industry is declining.

Donald Trump has trashed brand America and consumers around the world are reducing their purchases of US manufactures and services.

Tourism by foreigners has also declined as Donald Trump has made foreigners feel they are unwelcome in the USA.

Donald Trump has shot Uncle Sam in both feet.

Infographic: U.S. Trade Deficit in Goods Reaches Record High

That also means that we imported less, which is good. We need to be less dependent on the rest of the world.

BTW, the DOW hit another record today. That's over 100 record closings since Trump's inauguration. There were only 122 record closings the entire 8 years Obama was President.

The trade war with China is necessary. If you want China to replace the US as the top dog economically, that's your right.
Most of us want the US to stay on top and to stop China from stealing US product designs and intellectual property.

Hell, even Nancy and the House supports Trump's efforts to get fair trade deals with China:
Democrat-led House seen backing Trump’s China trade war, scrutinizing talks with allies

Better fit Uncle Sam with some Chinese bullet-resistant robotic feet if Trump insists on continually shooting Uncle Sam's feet off.

In regard to Chinese technological evolution, the ship has already sailed and the US failed to board.

WTF do you mean shooting the US feet off? Whatever you're implying, you're wrong. The Trump tariffs are working, China's economy is slowing.
Many companies in China are moving to VN. The trade war is working in favor of the US. The US economy is growing, the stock markets are setting records almost daily.
A better question is: will Xi give Trump a victory and a "fair" trade deal, or will Xi try to make life difficult for Trump in hopes of getting democrats a win in 2020?
Bloomberg - Are you a robot?

The Chinese technological revolution was founded in large part on the theft of US intellectual property.
Competing With China on Technology and Innovation
"Aside from broader issues of trade and economics, the United States and Japan should consider the specific risks and opportunities related to competition with China in high-tech innovation. A so-called fourth industrial revolution is under way, a revolution characterized by discontinuous technological development in areas like artificial intelligence (AI), big data, fifth-generation telecommunications networking (5G), nanotechnology and biotechnology, robotics, the Internet of Things (IoT), and quantum computing. Breakthroughs in these fields can potentially shift the future balance of economic and military power, prompting governments and large corporations to compete aggressively now over their development and applications."

So whose side are you on?

You know that China will manipulate American voters to achieve a Democrat victory -- or attempt it -- so that they do not have to face the pushback on their economic and intellectual thievery.

The sums of money involved here compel them to try and take down anyone involved is slowing their progress.

The Chinese already know how to get money to the Bidens:
Speaker Nancy Pelosi and the Joe and Hunter Biden Scandal - Gingrich 360

I don't know if anyone is investigating the Chinese/Biden connection?
Trump probably doesn't want to piss the Chinese off when he's trying to get a trade deal.

 

[Theowl32]

Very quickly is a relevant term and he also said there would be some pain along the way.

How many years do you think qualifies as “very quickly” and would you mind pointing out where he said there’d be pain along the way? Specifically when he was campaigning would be the most relevant time frame.

All depends. This is china knowing there are politicians here and American citizens like you waiting out the Trump presidency.

Meaning they are obviously hoping their allies in the democrat party, and propaganda passed by the marxist American hating gasbags in the media will continue to convince sucker hypocrites like you that the long term more fair trade deal Trump is committed to is incompetent.

Just like you are doing in this thread. You leave out the vast ways it will work, and has been working. Instead you pretend to care about the farmers in flyover country you normally ridicule.

Bottom line.

It would work a lot quicker if there weren't such demented ignorant American citizens that hate the free market that makes us the country so many are desperately trying to get to.

I come from a long line of those farmers in flyover country. My family still are farmers in flyover country. I don’t pretend to care about anyone. I actually do.

Between the two of us, you’re the only one ridiculing Americans.

I’m just looking for actual results. So far, there has been very little with that regard. You may hold onto hope of what could happen but I’m going to stay firmly planted in reality.

Yes, with that regard. However stop pretending your brethren on the left are not committed marxists who care about anyone in the square states. Don't tell me what the flyover country's social values are and how you and the rest of you view them.

The fact is that it trade war (whatever) is not without it's victims. However, the long term benefits for the country overall is far better if we are trading from a position of strength.

Stop avoiding how badly the US was being screwed and stop pretending that the American hating globalist left don't love it.

Stop thinking we need to apologize to every shithole (yeah shithole) country that receives more aid for crap reasons.

The nice thing about individualism is that I don’t have brethren and I don’t answer for anyone else’s statements or opinions.

My opinion is that the trade deficit is a fake issue. The simple reason we have a trade deficit is that we are a wealthy country and China isn’t. We have lots of money and consumer demand and they have lots of poor people making things we want for little wages.

No trade deal is going to change that fundamental fact.

The conformity experiments (specifically the Asch conformity experiment) proved that everyone conforms and people who boast that they don't conform faster. Meaning it shows how self unaware many are.

 

[colfax_m]

How many years do you think qualifies as “very quickly” and would you mind pointing out where he said there’d be pain along the way? Specifically when he was campaigning would be the most relevant time frame.

All depends. This is china knowing there are politicians here and American citizens like you waiting out the Trump presidency.

Meaning they are obviously hoping their allies in the democrat party, and propaganda passed by the marxist American hating gasbags in the media will continue to convince sucker hypocrites like you that the long term more fair trade deal Trump is committed to is incompetent.

Just like you are doing in this thread. You leave out the vast ways it will work, and has been working. Instead you pretend to care about the farmers in flyover country you normally ridicule.

Bottom line.

It would work a lot quicker if there weren't such demented ignorant American citizens that hate the free market that makes us the country so many are desperately trying to get to.

I come from a long line of those farmers in flyover country. My family still are farmers in flyover country. I don’t pretend to care about anyone. I actually do.

Between the two of us, you’re the only one ridiculing Americans.

I’m just looking for actual results. So far, there has been very little with that regard. You may hold onto hope of what could happen but I’m going to stay firmly planted in reality.

Yes, with that regard. However stop pretending your brethren on the left are not committed marxists who care about anyone in the square states. Don't tell me what the flyover country's social values are and how you and the rest of you view them.

The fact is that it trade war (whatever) is not without it's victims. However, the long term benefits for the country overall is far better if we are trading from a position of strength.

Stop avoiding how badly the US was being screwed and stop pretending that the American hating globalist left don't love it.

Stop thinking we need to apologize to every shithole (yeah shithole) country that receives more aid for crap reasons.

The nice thing about individualism is that I don’t have brethren and I don’t answer for anyone else’s statements or opinions.

My opinion is that the trade deficit is a fake issue. The simple reason we have a trade deficit is that we are a wealthy country and China isn’t. We have lots of money and consumer demand and they have lots of poor people making things we want for little wages.

No trade deal is going to change that fundamental fact.

The conformity experiments (specifically the Asch conformity experiment) proved that everyone conforms and people who boast that they don't conform faster. Meaning it shows how self unaware many are.

Cool.

Am I the topic now or do you have something relevant to say about the trade deficit?

 

[CrusaderFrank]

The trade balance is actually worse than it seems because record oil and gas exports from the USA are masking the decline in goods and services exports.

Manufacturing is already in decline in the USA and investment in industry is declining.

Donald Trump has trashed brand America and consumers around the world are reducing their purchases of US manufactures and services.

Tourism by foreigners has also declined as Donald Trump has made foreigners feel they are unwelcome in the USA.

Donald Trump has shot Uncle Sam in both feet.

Infographic: U.S. Trade Deficit in Goods Reaches Record High

U.S. Trade Deficit in Goods Reaches Record High
by Felix Richter,
Aug 5, 2019

Despite all efforts by the Trump administration to reign in the country’s trade deficit, the gap between imports to and exports from the United States climbed to a 10-year high in the first half of 2019. According to figures released by the Bureau of Economic Analysis on Friday, the U.S. trade deficit in goods and services declined slightly in June, bringing the total deficit to $316 billion for the first half of 2019, the highest it’s been since 2008. The increase was mainly caused by a historically high deficit in goods trade, which amounted to a record $439 billion, of which $219 billion can be traced back to trade with China alone.

While the U.S. trade deficit continues to climb overall, imports from China have in fact been affected by the ongoing trade war between the two economic superpowers. U.S. goods imports from China dropped by more than $30 billion in the first half of 2019 compared to the previous year.

DESCRIPTION
This chart shows the U.S. trade balance in goods, services and overall. ...

While Wall Street continues to work its "2008 Repo Magic"
Some things never change?

“Intra-day Bankruptcy”: A 2008 Email from the Fed Provides Insight into Today’s Overnight Repo Scare

"There is one phrase on Wall Street that instills fright like no other – 'intra-day bankruptcy' – especially if it’s describing a bankruptcy filing by a highly interconnected Wall Street firm.

"On July 20, 2008 a Federal Reserve economist, Patrick Parkinson, used that phrase in an email to describe fears that Lehman Brothers might have to make an intra-day bankruptcy filing and to speculate on what was going on in the minds of the folks at JPMorgan Chase, Lehman’s clearing bank, regarding how it might get 'stuck' with Lehman’s overnight loans.

"The email describes perfectly what is highly likely going on in the minds of top executives at JPMorgan Chase today and why the Fed has been pumping hundreds of billions of dollars each week into unnamed trading houses on Wall Street since September 17."

Um, because we spend too much supporting 22,000,000 illegal democrat voters

 

[BrokeLoser]

The trade balance is actually worse than it seems because record oil and gas exports from the USA are masking the decline in goods and services exports.

Manufacturing is already in decline in the USA and investment in industry is declining.

Donald Trump has trashed brand America and consumers around the world are reducing their purchases of US manufactures and services.

Tourism by foreigners has also declined as Donald Trump has made foreigners feel they are unwelcome in the USA.

Donald Trump has shot Uncle Sam in both feet.

Infographic: U.S. Trade Deficit in Goods Reaches Record High

U.S. Trade Deficit in Goods Reaches Record High
by Felix Richter,
Aug 5, 2019

Despite all efforts by the Trump administration to reign in the country’s trade deficit, the gap between imports to and exports from the United States climbed to a 10-year high in the first half of 2019. According to figures released by the Bureau of Economic Analysis on Friday, the U.S. trade deficit in goods and services declined slightly in June, bringing the total deficit to $316 billion for the first half of 2019, the highest it’s been since 2008. The increase was mainly caused by a historically high deficit in goods trade, which amounted to a record $439 billion, of which $219 billion can be traced back to trade with China alone.

While the U.S. trade deficit continues to climb overall, imports from China have in fact been affected by the ongoing trade war between the two economic superpowers. U.S. goods imports from China dropped by more than $30 billion in the first half of 2019 compared to the previous year.

DESCRIPTION
This chart shows the U.S. trade balance in goods, services and overall. ...

China's economy is taking a big fat shit while our Trumpconomy is BOOMING...We are consuming like nobody's business right now...why wouldn't there be a massive trade deficit?

 

[g5000]

The trade balance is actually worse than it seems because record oil and gas exports from the USA are masking the decline in goods and services exports.

Manufacturing is already in decline in the USA and investment in industry is declining.

Donald Trump has trashed brand America and consumers around the world are reducing their purchases of US manufactures and services.

Tourism by foreigners has also declined as Donald Trump has made foreigners feel they are unwelcome in the USA.

Donald Trump has shot Uncle Sam in both feet.

Infographic: U.S. Trade Deficit in Goods Reaches Record High

U.S. Trade Deficit in Goods Reaches Record High
by Felix Richter,
Aug 5, 2019

Despite all efforts by the Trump administration to reign in the country’s trade deficit, the gap between imports to and exports from the United States climbed to a 10-year high in the first half of 2019. According to figures released by the Bureau of Economic Analysis on Friday, the U.S. trade deficit in goods and services declined slightly in June, bringing the total deficit to $316 billion for the first half of 2019, the highest it’s been since 2008. The increase was mainly caused by a historically high deficit in goods trade, which amounted to a record $439 billion, of which $219 billion can be traced back to trade with China alone.

While the U.S. trade deficit continues to climb overall, imports from China have in fact been affected by the ongoing trade war between the two economic superpowers. U.S. goods imports from China dropped by more than $30 billion in the first half of 2019 compared to the previous year.

DESCRIPTION
This chart shows the U.S. trade balance in goods, services and overall. ...

That also means that we imported less, which is good. We need to be less dependent on the rest of the world.

BTW, the DOW hit another record today. That's over 100 record closings since Trump's inauguration. There were only 122 record closings the entire 8 years Obama was President.

It means we EXPORTED less, dumbass. Which is not good.

As for the Dow...

The Dow on January 20, 2009: 7,550.29

The Dow in November 2011: 11,796

That's after DIVING down to 6626 due to the economy falling off a cliff as Obama took office.

Anyway, at this point in time in Obama's presidency, the Dow had climbed 56 percent.



The Dow on January 20, 2017: 19,827.25

The Dow today: 28,131.55

Trump's Dow has climbed only 41 percent.


Trump is a weak bitch.


Once again, the pseudocons are bitch slapped by their own standards.

MAGA!

 

[g5000]

Trump's trade war is a disaster. Total. Disaster.

The Dow has been flat for almost two years, ever since he started his idiotic far left protectionist tariff war. It would be in the 30 thousands right now if he hadn't made his dumbass move.

More stupendous failure: Trump's farm bailout has cost taxpayers more than double the auto bailout

 

[Fort Fun Indiana]

Actually, it was Trump who was squawking the loudest about trade deficits. Remember? All the economists were ridiculing him.

 

[Fort Fun Indiana]

Trump's trade war is a disaster. Total. Disaster.

Indeed it is. And now he is prostrate to China, begging them to sign a deal that ALMOST takes us back to where we were before the moron started the trade war.

 

[Fort Fun Indiana]

I don't know if anyone is investigating the Chinese/Biden connection?

Nobody but you and the lying bloggers paid to fool you. Hope that helps.

 

[BrokeLoser]

The trade balance is actually worse than it seems because record oil and gas exports from the USA are masking the decline in goods and services exports.

Manufacturing is already in decline in the USA and investment in industry is declining.

Donald Trump has trashed brand America and consumers around the world are reducing their purchases of US manufactures and services.

Tourism by foreigners has also declined as Donald Trump has made foreigners feel they are unwelcome in the USA.

Donald Trump has shot Uncle Sam in both feet.

Infographic: U.S. Trade Deficit in Goods Reaches Record High

U.S. Trade Deficit in Goods Reaches Record High
by Felix Richter,
Aug 5, 2019

Despite all efforts by the Trump administration to reign in the country’s trade deficit, the gap between imports to and exports from the United States climbed to a 10-year high in the first half of 2019. According to figures released by the Bureau of Economic Analysis on Friday, the U.S. trade deficit in goods and services declined slightly in June, bringing the total deficit to $316 billion for the first half of 2019, the highest it’s been since 2008. The increase was mainly caused by a historically high deficit in goods trade, which amounted to a record $439 billion, of which $219 billion can be traced back to trade with China alone.

While the U.S. trade deficit continues to climb overall, imports from China have in fact been affected by the ongoing trade war between the two economic superpowers. U.S. goods imports from China dropped by more than $30 billion in the first half of 2019 compared to the previous year.

DESCRIPTION
This chart shows the U.S. trade balance in goods, services and overall. ...

That also means that we imported less, which is good. We need to be less dependent on the rest of the world.

BTW, the DOW hit another record today. That's over 100 record closings since Trump's inauguration. There were only 122 record closings the entire 8 years Obama was President.

It means we EXPORTED less, dumbass. Which is not good.

As for the Dow...

The Dow on January 20, 2009: 7,550.29

The Dow in November 2011: 11,796

That's after DIVING down to 6626 due to the economy falling off a cliff as Obama took office.

Anyway, at this point in time in Obama's presidency, the Dow had climbed 56 percent.



The Dow on January 20, 2017: 19,827.25

The Dow today: 28,131.55

Trump's Dow has climbed only 41 percent.


Trump is a weak bitch.


Once again, the pseudocons are bitch slapped by their own standards.

MAGA!

"BUT, BUT, BUT.....OBAMA!"

The Super Negro inherited a failing startup and was given $10 trillion dollars to force a rebound. My teen daughter could have made the spread sheets look amazing in such a scenario.
Trump inherited Microsoft...steep growth trajectory isn’t probable...Sustaining steady growth in a ‘peaked out’ economy is far more difficult to manage.
What else can I teach you?

 

[BrokeLoser]

Trump's trade war is a disaster. Total. Disaster.

The Dow has been flat for almost two years, ever since he started his idiotic far left protectionist tariff war. It would be in the 30 thousands right now if he hadn't made his dumbass move.

More stupendous failure: Trump's farm bailout has cost taxpayers more than double the auto bailout

Trump's trade war is a disaster. Total. Disaster.

Indeed it is. And now he is prostrate to China, begging them to sign a deal that ALMOST takes us back tobwhere we were before the moron started the trade war.

 

[22lcidw]

The trade balance is actually worse than it seems because record oil and gas exports from the USA are masking the decline in goods and services exports.

Manufacturing is already in decline in the USA and investment in industry is declining.

Donald Trump has trashed brand America and consumers around the world are reducing their purchases of US manufactures and services.

Tourism by foreigners has also declined as Donald Trump has made foreigners feel they are unwelcome in the USA.

Donald Trump has shot Uncle Sam in both feet.

Infographic: U.S. Trade Deficit in Goods Reaches Record High

U.S. Trade Deficit in Goods Reaches Record High
by Felix Richter,
Aug 5, 2019

Despite all efforts by the Trump administration to reign in the country’s trade deficit, the gap between imports to and exports from the United States climbed to a 10-year high in the first half of 2019. According to figures released by the Bureau of Economic Analysis on Friday, the U.S. trade deficit in goods and services declined slightly in June, bringing the total deficit to $316 billion for the first half of 2019, the highest it’s been since 2008. The increase was mainly caused by a historically high deficit in goods trade, which amounted to a record $439 billion, of which $219 billion can be traced back to trade with China alone.

While the U.S. trade deficit continues to climb overall, imports from China have in fact been affected by the ongoing trade war between the two economic superpowers. U.S. goods imports from China dropped by more than $30 billion in the first half of 2019 compared to the previous year.

DESCRIPTION
This chart shows the U.S. trade balance in goods, services and overall. ...

That also means that we imported less, which is good. We need to be less dependent on the rest of the world.

BTW, the DOW hit another record today. That's over 100 record closings since Trump's inauguration. There were only 122 record closings the entire 8 years Obama was President.

It means we EXPORTED less, dumbass. Which is not good.

As for the Dow...

The Dow on January 20, 2009: 7,550.29

The Dow in November 2011: 11,796

That's after DIVING down to 6626 due to the economy falling off a cliff as Obama took office.

Anyway, at this point in time in Obama's presidency, the Dow had climbed 56 percent.



The Dow on January 20, 2017: 19,827.25

The Dow today: 28,131.55

Trump's Dow has climbed only 41 percent.


Trump is a weak bitch.


Once again, the pseudocons are bitch slapped by their own standards.

MAGA!

By your own words on W. Bush the stock market which bottomed, had nowhere to go but up with Obama. The argument is that it could have gone up more. The stock market does not want Progs to win the 2020 election. That is a warning.

 

[g5000]

The trade balance is actually worse than it seems because record oil and gas exports from the USA are masking the decline in goods and services exports.

Manufacturing is already in decline in the USA and investment in industry is declining.

Donald Trump has trashed brand America and consumers around the world are reducing their purchases of US manufactures and services.

Tourism by foreigners has also declined as Donald Trump has made foreigners feel they are unwelcome in the USA.

Donald Trump has shot Uncle Sam in both feet.

Infographic: U.S. Trade Deficit in Goods Reaches Record High

U.S. Trade Deficit in Goods Reaches Record High
by Felix Richter,
Aug 5, 2019

Despite all efforts by the Trump administration to reign in the country’s trade deficit, the gap between imports to and exports from the United States climbed to a 10-year high in the first half of 2019. According to figures released by the Bureau of Economic Analysis on Friday, the U.S. trade deficit in goods and services declined slightly in June, bringing the total deficit to $316 billion for the first half of 2019, the highest it’s been since 2008. The increase was mainly caused by a historically high deficit in goods trade, which amounted to a record $439 billion, of which $219 billion can be traced back to trade with China alone.

While the U.S. trade deficit continues to climb overall, imports from China have in fact been affected by the ongoing trade war between the two economic superpowers. U.S. goods imports from China dropped by more than $30 billion in the first half of 2019 compared to the previous year.

DESCRIPTION
This chart shows the U.S. trade balance in goods, services and overall. ...

That also means that we imported less, which is good. We need to be less dependent on the rest of the world.

BTW, the DOW hit another record today. That's over 100 record closings since Trump's inauguration. There were only 122 record closings the entire 8 years Obama was President.

It means we EXPORTED less, dumbass. Which is not good.

As for the Dow...

The Dow on January 20, 2009: 7,550.29

The Dow in November 2011: 11,796

That's after DIVING down to 6626 due to the economy falling off a cliff as Obama took office.

Anyway, at this point in time in Obama's presidency, the Dow had climbed 56 percent.



The Dow on January 20, 2017: 19,827.25

The Dow today: 28,131.55

Trump's Dow has climbed only 41 percent.


Trump is a weak bitch.


Once again, the pseudocons are bitch slapped by their own standards.

MAGA!

"BUT, BUT, BUT.....OBAMA!"

The Super Negro inherited a failing startup and was given $10 trillion dollars to force a rebound. My teen daughter could have made the spread sheets look amazing in such a scenario.
Trump inherited Microsoft...steep growth trajectory isn’t probable...Sustaining steady growth in a ‘peaked out’ economy is far more difficult to manage.
What else can I teach you?

Trump has been outspending Obama since he took office, dumbass.

He also inherited a seven year long upward trajectory. He was elected on third base and you dumbasses bleev him when he tells you he hit a triple.

Obama inherited an economy falling off the cliff bleeding 600,000 jobs a month.

It takes a special kind of retard to claim Obama had an easier task. Seriously, you are mentally ill.

 

[Fort Fun Indiana]

Trump's trade war is a disaster. Total. Disaster.

The Dow has been flat for almost two years, ever since he started his idiotic far left protectionist tariff war. It would be in the 30 thousands right now if he hadn't made his dumbass move.

More stupendous failure: Trump's farm bailout has cost taxpayers more than double the auto bailout

Trump's trade war is a disaster. Total. Disaster.

Indeed it is. And now he is prostrate to China, begging them to sign a deal that ALMOST takes us back tobwhere we were before the moron started the trade war.

Yes,that's about the depth of insight I expect from a moron like you.

 

[g5000]

Not only did the economy come out of a nosedive and climb steadily for the next seven years, not only did the unemployment rate climb back out of a hole and drop steadily for seven years, but Obama also managed to get a comprehensive health care reform bill passed against massive opposition.


What's Trump done? Far less. Less job growth, less growth in the Dow, and his GDP growth is weak.

The excuse that it's harder to create jobs in a booming economy is blown out of the water by the fact Bill Clinton created 30 million jobs during a booming economy, and had far greater growth in the GDP.


Face it. Trump is a weak dumbass game show host who is way over his head.

 

[Admiral Rockwell Tory]

The trade balance is actually worse than it seems because record oil and gas exports from the USA are masking the decline in goods and services exports.

Manufacturing is already in decline in the USA and investment in industry is declining.

Donald Trump has trashed brand America and consumers around the world are reducing their purchases of US manufactures and services.

Tourism by foreigners has also declined as Donald Trump has made foreigners feel they are unwelcome in the USA.

Donald Trump has shot Uncle Sam in both feet.

Infographic: U.S. Trade Deficit in Goods Reaches Record High

U.S. Trade Deficit in Goods Reaches Record High
by Felix Richter,
Aug 5, 2019

Despite all efforts by the Trump administration to reign in the country’s trade deficit, the gap between imports to and exports from the United States climbed to a 10-year high in the first half of 2019. According to figures released by the Bureau of Economic Analysis on Friday, the U.S. trade deficit in goods and services declined slightly in June, bringing the total deficit to $316 billion for the first half of 2019, the highest it’s been since 2008. The increase was mainly caused by a historically high deficit in goods trade, which amounted to a record $439 billion, of which $219 billion can be traced back to trade with China alone.

While the U.S. trade deficit continues to climb overall, imports from China have in fact been affected by the ongoing trade war between the two economic superpowers. U.S. goods imports from China dropped by more than $30 billion in the first half of 2019 compared to the previous year.


DESCRIPTION
This chart shows the U.S. trade balance in goods, services and overall. ...

That also means that we imported less, which is good. We need to be less dependent on the rest of the world.

BTW, the DOW hit another record today. That's over 100 record closings since Trump's inauguration. There were only 122 record closings the entire 8 years Obama was President.

The trade war with China is necessary. If you want China to replace the US as the top dog economically, that's your right.
Most of us want the US to stay on top and to stop China from stealing US product designs and intellectual property.

Hell, even Nancy and the House supports Trump's efforts to get fair trade deals with China:
Democrat-led House seen backing Trump’s China trade war, scrutinizing talks with allies

So do I. I just don't support Rump.

We all know you love rumps! You bang one every chance you get!

 

[g5000]

Notice how Bill Clinton's GDP growth was far superior to Trump's during a booming economy.

He was also the largest job creator in American history.

 

[Aldo Raine]

The trade balance is actually worse than it seems because record oil and gas exports from the USA are masking the decline in goods and services exports.

Manufacturing is already in decline in the USA and investment in industry is declining.

Donald Trump has trashed brand America and consumers around the world are reducing their purchases of US manufactures and services.

Tourism by foreigners has also declined as Donald Trump has made foreigners feel they are unwelcome in the USA.

Donald Trump has shot Uncle Sam in both feet.

Infographic: U.S. Trade Deficit in Goods Reaches Record High

U.S. Trade Deficit in Goods Reaches Record High
by Felix Richter,
Aug 5, 2019

Despite all efforts by the Trump administration to reign in the country’s trade deficit, the gap between imports to and exports from the United States climbed to a 10-year high in the first half of 2019. According to figures released by the Bureau of Economic Analysis on Friday, the U.S. trade deficit in goods and services declined slightly in June, bringing the total deficit to $316 billion for the first half of 2019, the highest it’s been since 2008. The increase was mainly caused by a historically high deficit in goods trade, which amounted to a record $439 billion, of which $219 billion can be traced back to trade with China alone.

While the U.S. trade deficit continues to climb overall, imports from China have in fact been affected by the ongoing trade war between the two economic superpowers. U.S. goods imports from China dropped by more than $30 billion in the first half of 2019 compared to the previous year.

DESCRIPTION
This chart shows the U.S. trade balance in goods, services and overall. ...

That also means that we imported less, which is good. We need to be less dependent on the rest of the world.

BTW, the DOW hit another record today. That's over 100 record closings since Trump's inauguration. There were only 122 record closings the entire 8 years Obama was President.

And yet the DJIA almost tripled while he was in office.