Trade Deficit Soars To 12 Year High Despite Trumps Promise To Eliminate It

[skews13]

Trump pledged to eliminate the trade deficit and end job outsourcing, but the overall 2020 deficit is on track to be larger than when he took office, and his Labor Department has certified more than 300,000 American jobs were lost to outsourcing and imports during his presidency.”

Donald Trump promised on the campaign trail in 2016 that, if elected president, he would bring about a rapid and unprecedented decline in the U.S. trade deficit.

But new figures released by the Commerce Department on Thursday—nearly four years after Trump’s victory in the 2016 presidential election—show that the trade deficit soared to a 12-year high in July due in large part to a surge in imports, bringing the total negative trade balance in the first seven months of 2020 to $340 billion.

'Trump is a fraud, exhibit one billion': Trade deficit soars to 12-year high despite president's promises to wipe it out

"Trump pledged to eliminate the trade deficit and end job outsourcing, but the overall 2020 deficit is on track to be larger than when he took office, and his Labor Department has certified more than 300,000 American jobs were lost to outsourcing and imports during his presidency."Donald Trump...

www.rawstory.com

With Ivanka's new patents in China, and more of cheap Trump branded merchandise escaping the tariffs, it only stands to reason.

 

[Remodeling Maidiac]

sucks when you have to import everything because DEMOCRATS forced American businesses to shut down.

 

[candycorn]

sucks when you have to import everything because DEMOCRATS forced American businesses to shut down.

So we import "everything"? You're a fucking moron.

The blob's trade war failed. Just admit it and move on.

 

[Osiris-ODS]

sucks when you have to import everything because DEMOCRATS forced American businesses to shut down.

Exactly. It's incredible to me that people can be either that dumb to overlook the effect of business shutdowns during covid in 2020, or just believe the rest of us are this dumb.

 

[Remodeling Maidiac]

sucks when you have to import everything because DEMOCRATS forced American businesses to shut down.

So we import "everything"? You're a fucking moron.

The blob's trade war failed. Just admit it and move on.

 

[Darkwind]

Trump pledged to eliminate the trade deficit and end job outsourcing, but the overall 2020 deficit is on track to be larger than when he took office, and his Labor Department has certified more than 300,000 American jobs were lost to outsourcing and imports during his presidency.”

Donald Trump promised on the campaign trail in 2016 that, if elected president, he would bring about a rapid and unprecedented decline in the U.S. trade deficit.

But new figures released by the Commerce Department on Thursday—nearly four years after Trump’s victory in the 2016 presidential election—show that the trade deficit soared to a 12-year high in July due in large part to a surge in imports, bringing the total negative trade balance in the first seven months of 2020 to $340 billion.

'Trump is a fraud, exhibit one billion': Trade deficit soars to 12-year high despite president's promises to wipe it out

"Trump pledged to eliminate the trade deficit and end job outsourcing, but the overall 2020 deficit is on track to be larger than when he took office, and his Labor Department has certified more than 300,000 American jobs were lost to outsourcing and imports during his presidency."Donald Trump...

www.rawstory.com

With Ivanka's new patents in China, and more of cheap Trump branded merchandise escaping the tariffs, it only stands to reason.

A surge in imports because America has been shut down for 7 months. Yet again, the left tries to blame the right for their own policies failing.

What was the trade deficit doing before the pandemic. Most people who think critically answer that question first and then apply proper context to the current situation.

 

[bendog]

IF only Donnie hadn't shuttered the economy. It's not really his fault.

 

[Staidhup]

And then there was this pandemic Imported from Wuhan. Interesting as to what levels people will go to politicize and spin a world event.