Monday, August 5, 2019

Things Get Worse Before They Get Better?

Presidential candidate Donald Trump railed against the trade deficit, calling it a national disgrace.
“Unless we have someone very smart...and understands it...and I understand it better than anyone...”
—Candidate Trump in interview with Bill O’Reilly

President Trump has watched the trade deficit get dramatically worse under his watch. According to the Census Bureau, who monitors imports and exports...

It had been decreasing under the previous Administration post-Great Recession until increasing a bit as consumers gained confidence...and then it skyrocketed in the first year of Trump’s presidency and jumped again in the 2nd year. It’s now 20% higher than the average of the previous 5 years.

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