trade deficit soaring under Trump, highest since Oct 2008pic.twitter.com/mCRkAHlgrK
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trade deficit soaring under Trump, highest since Oct 2008pic.twitter.com/mCRkAHlgrK
Sure, but it's not a big deal. A lot of that is because the US economy is stronger than many others, and therefore consuming more. Similar in 2008. Everyone was panicking, and buying dollar assets, which buoyed US relative to others, and helped Americans buy foreign-made goods.
except we entered a global synchronized expansion in 2016, first time since crash, which also explains a lot of the stock market gains
US might not be winning but I am curious if there are some connected people who are winners while the rest of the country gets taken for a roller coaster ride?
What, me trade war? This is a predictable race to the bottom, with a lot of Trump voters being hurt the worst.
a trade capitulation, sure, but not a war!
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