Record trade deficit under Trump

Originally posted by eagle888 ↑

Heaven help America! Can it withstand another two years of Trump style er winning?

"U.S. trade deficit hits record high. Does it matter?

Economy Mar 6, 2019 6:14 PM EST
WASHINGTON — The U.S. trade deficit reached its highest sum ever last year, defying President Donald Trump’s efforts and promises to shrink it through his economic policies. The irony is that those policies likely contributed to the deficit.
Trump entered office insisting that decades of trade gaps had crushed the U.S. economy and that he would forge new agreements that would diminish the deficits.
It hasn’t happened.
The government said Wednesday that the U.S. trade gap in goods and services reached $621 billion last year, its highest total since 2008. And the U.S. deficits in goods with China and Mexico surged to record highs."

https://www.pbs.org/newshour/economy/u-s-trade-deficit-hits-record-high-does-it-matter

"Trump's Plan to Reduce Trade Deficit Falters as it Hits an All-Time High Instead

The Commerce Department reported Wednesday the U.S. posted a more than $891 billion merchandise trade deficit last year—the largest in the history of the country."

http://fortune.com/2019/03/06/us-trade-deficit-record-high/

Expand

House Democrats’ Rules Could Make It Easier to Raise Debt Limit

https://www.wsj.com/articles/house-...ake-it-easier-to-raise-debt-limit-11546475310

“Democrats plan to pass a rule stating that if the House adopts a budget plan for the next fiscal year, the debt ceiling would automatically be increased. ”

Democrats +my sig

Record trade deficit under Trump, page-4