JGalt
Diamond Member
- Mar 9, 2011
- 76,420
- 96,206
- 3,635
How the hell did he manage to do that?
Before anyone chimes in and says "But Trump!", let me lay out some figures for you. During the four years Trump was President, our trade deficit increased from $481 billion in 2016, to $679 billion in 2020.
In other words, the US trade deficit went up by $198 billion dollars after four years of Trump.
"The combined U.S. goods and services trade deficit increased to $679 billion in 2020, compared to $481 billion in 2016..."
America’s trade gap soared under Trump, final figures show
Now in only one year of President Biden, the US trade deficit has risen to $859.1 billion dollars.
That's a $183 billion dollar increase in the trade deficit, in only one year of Biden!
"The deficit jumped 27.0% to $859.1 billion in 2021. That was the highest on record and followed a $676.7 billion shortfall in 2020."
https://www.nasdaq.com/articles/u.s...in-december-deficit-in-2021-largest-on-record
Let me simplify this:
4 years of Trump - $198 billion dollar increase in the trade deficit
1 year of Biden - $183 billion dollar increase in the trade deficit
Before anyone chimes in and says "But Trump!", let me lay out some figures for you. During the four years Trump was President, our trade deficit increased from $481 billion in 2016, to $679 billion in 2020.
In other words, the US trade deficit went up by $198 billion dollars after four years of Trump.
"The combined U.S. goods and services trade deficit increased to $679 billion in 2020, compared to $481 billion in 2016..."
America’s trade gap soared under Trump, final figures show
Now in only one year of President Biden, the US trade deficit has risen to $859.1 billion dollars.
That's a $183 billion dollar increase in the trade deficit, in only one year of Biden!
"The deficit jumped 27.0% to $859.1 billion in 2021. That was the highest on record and followed a $676.7 billion shortfall in 2020."
https://www.nasdaq.com/articles/u.s...in-december-deficit-in-2021-largest-on-record
Let me simplify this:
4 years of Trump - $198 billion dollar increase in the trade deficit
1 year of Biden - $183 billion dollar increase in the trade deficit