Denizen
Gold Member
- Oct 23, 2018
- 4,837
- 1,070
- 190
- Thread starter
- Banned
- #21
Here's a question for ya skippy... how bad were US trade deficits BEFORE Trump took office... hmmm?Trumpists, are you tired of not-winning yet?
The US and Trump are hurting from the trade war as exemplified by Trump begging China to remove tariffs and buy more agricultural produce without offering any
The USA is definitely not heading in the right direction. Some of the consequences of the trade war will be permanent as China makes itself more independent of the USA and other countries which implies permanent shrinkage of world trade.
There will still be further consequences on brand USA which may never recover.
Trump's trade war cost U.S. economy $7.8 billion in 2018: study | Reuters
WASHINGTON (Reuters) - President Donald Trump’s trade battles cost the U.S. economy $7.8 billion in lost gross domestic product in 2018, a study by a team of economists at leading American universities published this week showed.
Authors of the paper said they analyzed the short-run impact of Trump’s actions and found that imports from targeted countries declined 31.5 percent while targeted U.S. exports fell by 11 percent. They also found that annual consumer and producer losses from higher costs of imports totaled $68.8 billion.
“After accounting for higher tariff revenue and gains to domestic producers from higher prices, the aggregate welfare loss was $7.8 billion,” or 0.04 percent of GDP, the researchers said.
We were getting FUCKED... SCREWED, BLUED and TATTOOED you freakin' MORON. Trump is the ONLY president in GOD ONLY KNOWS HOW LONG that's gone to the matt and FOUGHT for AMERICA. Perhaps you'd prefer AOC negotiating our TRADE DEALS, you IDIOT...
Trade deficits have increased since Trump crasxhed intenrational trade.