Very bad economic news for the country. How will Trump spin (otherwise lie) about it.

T

Tacomaman

Verified User
Trade deficit the now the highest it has been in the last 10 years. It appears that Trump's tariffs were met with reciprocal tariffs and Trump once again shows his ignorance in trade negotiations. Dealing with China and others is a bit more complicated than selling "Trump Steaks" - which went "bust" like his trade policy is doing.

Budget deficit increases a whopping 77% in the first four months of Fiscal Year 2019. Looks like Trump's tax cuts did wonders for his bottom line, but not so much for the country as a whole.
 
Trump won't negotiate in good faith. He never wants an equal negotiation. He always has to have a perceived advantage. This time he thinks the threat of more tariffs is his advantage. But really, that goes both ways so it's kind of like mutual hare kare. The problem with trade wars is everybody loses. You cut each other and the one who bleeds out sooner is the 'winner.' But really, you both lose. You both lose business. Both economies suffer. Everybody bleeds in a bleeding contest.
 
PoliTalker said:
Trump won't negotiate in good faith. He never wants an equal negotiation. He always has to have a perceived advantage. This time he thinks the threat of more tariffs is his advantage. But really, that goes both ways so it's kind of like mutual hare kare. The problem with trade wars is everybody loses. You cut each other and the one who bleeds out sooner is the 'winner.' But really, you both lose. You both lose business. Both economies suffer. Everybody bleeds in a bleeding contest.
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Farmers are losing bigly.
 
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