No "Maybe" about it.
Trump talked up everything he did as the "greatest ever" but none of that was true. Trump's trade wars have been a disaster for American business.
Your Trade Deficit, which Trump promised to wipe out, increased by nearly 13% by 2019, while Trump was in office. And as the world recovered from covid, the real results of Trump's trade war came home to roost. Your trade deficit soared to over a trillion dollars - more than 30% higher than when Obama left office.
Obama decreased the Trade Deficit by 11% while he was in office and these reductions came from higher rates of exports.
While Biden's primary focus has been the post covid economy recovery, Biden has managed to reduce America's trade deficit below One Trillion dollars last year, and that's happened because Biden quietly sorted Trump's trade Wars, and exports have risen by more than 25% in the first 3 years of his Administration.
www.census.gov
Biden has reduced the budget deficit, reduced the trade deficit, put the nation back to work with the infrastructure bill, and getting the government working FOR the people instead of crashing the economy to benefit the wealthy, which is what Trump did.
The economy needs stability and leadership. Not a President who gets up one morning, sees a negative story in the press, and starts a trade war to distract the news cycle from his latest scandal.
Trump's trade war with China in which started in 2018, caused farm bankruptcies to soar to record heights over each of the next three years with small family owned farms taking the worst hit. Government bailouts for farmers went mostly to large corporate farms, many of them foreign owned.
A group of U.S. senators is urging Agriculture Secretary Sonny Perdue to ensure that a bailout program intended to help U.S. farmers weather President Trump’s trade war does not benefit foreign-owned companies. The program, which buys surplus commodities from farmers and ranchers, was pitched...
www.klobuchar.senate.gov
The uneven distribution of funds is stark. The top 10 percent got over 60 percent of the pot, while the bottom 10 percent got just 0.26 percent.
www.nbcnews.com
A Chinese-owned pork producer will sell at least $240,000 worth of ham products to the federal government as part of the Trump administration's farm bailout program, the administration said Wednesday.
www.latimes.com
Investors looking to start a manufacturing business need to know the rules they're playing under in order to determine what kind of return on investment they can achieve, and whether the investment is viable. They need to know what their raw materials will cost, and what kind of market conditions exist for export of their products - long term, no surprises.
The kind of chaos Trump brings makes sound investing in manufacturing impossible. Foreign trade can't just make decisions with a President who tears up trade deals without warning. Investors are now looking to Canada to gain entry into the North American free market. Better infrastructure, politically stable, best educated work force in the world, universal health care, top of the "Best countries to live in" rankings.
Trump received a very cold shoulder from business leaders while Biden was at the G7, including his former Secretary of State, Rex Tillerson - the guy Trump fired after Tillerson called him a "moron".