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America’s trade gap soared under Trump (Read 349 times)

Laugh till you cry

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America’s trade gap soared under Trump
Feb 6^th, 2021 at 11:56am

Donald Trump was a loser who was accumulating debt at >2 x GDP growth rate.

Donald Trump lost the trade war biggly.

https://www.politico.com/news/2021/02/05/2020-trade-figures-trump-failure-defici...

Quote:

America’s trade gap soared under Trump, final figures show
As Trump tamped down on imports from China, U.S. companies turned to other foreign suppliers.

Former President Donald Trump waves to the crowd at the border wall in Alamo, Texas on Jan. 12.
Former President Donald Trump’s tariffs also imposed higher costs on businesses and consumers. | Delcia Lopez/The Monitor via AP

By DOUG PALMER

Updated: 02/05/2021 11:23 AM EST

The U.S. trade deficit over the four years of President Donald Trump’s presidency soared to its highest level since 2008, despite his tough tariff tactics intended to bring it down, a new Commerce Department report showed on Friday.

The combined U.S. goods and services trade deficit increased to $679 billion in 2020, compared to $481 billion in 2016, the year before Trump took office. The trade deficit in goods alone hit $916 billion, a record high and an increase of about 21 percent from 2016. ...

Please don't thank me. Effusive fawning and obeisance of disciples, mendicants, and foot-kissers embarrass me.

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John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: America’s trade gap soared under Trump Reply #1 - Feb 6^th, 2021 at 3:26pm He was busy last term Making China Great Again he'll need another term, in 2024, to Make America Great Again
Back to top	Our esteemed leader: I hope that bitch who was running their brothels for them gets raped with a cactus. IP Logged

Big Donger

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Re: America’s trade gap soared under Trump
Reply #2 - Feb 6^th, 2021 at 4:44pm

Ah yes, but the irony is he let covid in because he didn't want to ruffle any Chinese feathers during the trade negotiations.

At the time, of course, he excused his actions. Look, he said, if we didn't take the right steps and act when we did, we'd have had thousands of deaths from covid.

China have been fully open and transparent with us, he said. President Xi is a great guy. The numbers'll go down when the weather warms up (Xi had told him that one). Trump wasn't even listening to his own officials, he was getting his info from Chi-na.

Despite all that, he lost on the trade deals. Lost on the trade, covid and ultimately, the economy. China can legitimately say that they out-played Trump perfectly.

What did Trump say about his sale of the St Mortitz Hotel to Alan Bond in the 80s? You only get one Alan Bond in your life. Trump loved embellishing the story about how he stiffed Bond on the deal, adding millions each time he told it.

Let's hope for everybody's sake China only gets one Donald Trump in their life.

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