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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...
A team of unidentified anonymous and unverified "economy experts" from schools that are on the list for having engaged in bribery. Meanwhile the DOW hovers around 26,000 every day, unemployment is at a record low and the GDP hit 4.1% for the first time in a decade.
420 days might seem like a lifetime if you were born yesterday. It's no freaking secret that China has taken unfair advantage of the U.S. in trade for decades. Trump wants to fix it and the hypocrite left is afraid that he will. The world is upside down to the angry crazy left and what's good for America is bad for democrats.A team of unidentified anonymous and unverified "economy experts" from schools that are on the list for having engaged in bribery. Meanwhile the DOW hovers around 26,000 every day, unemployment is at a record low and the GDP hit 4.1% for the first time in a decade.
the Dow has been hovering around 26,000 for more than 420 days...that is what is known as "stagnation" .
what kind of a moron cheers for more than a year of "hovering" dow numbers?
420 days might seem like a lifetime if you were born yesterday. It's no freaking secret that China has taken unfair advantage of the U.S. in trade for decades. Trump wants to fix it and the hypocrite left is afraid that he will. The world is upside down to the angry crazy left and what's good for America is bad for democrats.
The GDP is the true measure of economic health and Obama was the only administration in modern history to not hit even 3% GDP on a yearly average.
Unemployment among Black men was in double digits for eight (long long) years
It might seem like a lifetime but Trump has only been president for a little more than two years and the economy is thriving while unemployment is at a historic low.
Lefties hate it and it's no secret that the left is desperate to keep the U.S. from becoming the international leader in trade so Reuters found a couple of anonymous professors to spout left wing propaganda designed to invigorate the democrat/socialist base.
The GDP is the true measure of economic health and Obama was the only administration in modern history to not hit even 3% GDP on a yearly average. Unemployment among Black men was in double digits for eight (long long) years while Obama had the nerve to tell Americans that good factory jobs were gone forever. It might seem like a lifetime but Trump has only been president for a little more than two years and the economy is thriving while unemployment is at a historic low. Lefties hate it and it's no secret that the left is desperate to keep the U.S. from becoming the international leader in trade so Reuters found a couple of anonymous professors to spout left wing propaganda designed to invigorate the democrat/socialist base.
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.
