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The imports are growing with the economy I think. Will his policies go into effect before any deal is either ratified or signed? Trump wants to manufacture locally, agreed.
You can't really say his policy has been ineffective if you can't see the data for imports had there been no tariffs. Also, it's worth mentioning that many importers brought in more goods than they would have otherwise in anticipation of future higher tariffs.
policies include tax cuts and spending increases (lifting the spending caps on both defense and non defense spending in early 18) that raised import demand, so clear that this isn't just "normal" growth. will see how strong the pull forward effect has been over the next 2qs
Lighthizer has said USMCA is the template for all future deals and by that I think he means ROO on autos and opening up agriculture exports. Will be tough for Japan and EU. We have yet to see USMCA in place. China changes. So expect imports to fall in autos. Lower deficits.
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