"Great Negotiator" meet the US consumer

T

transporter

Well-Known Member
The US trade deficit grew 12.1 per cent to its highest level since 2008 in Donald Trump’s first year in office, suggesting that the president is making little headway in his promise to rewrite America’s trading relationship with the world.Economists say the surge in the US goods and services deficit to $566bn last year was mostly caused by an improving domestic economy and rising demand from consumers and companies for imported goods. US exports grew 5.4 per cent to $2.3tn, their second-highest level on record, while imports reached a record $2.9tn in 2017. But the new data highlight the political dangers that Mr Trump has created for himself by nominating metrics such as the US trade deficit, and stock market indices, as a measure of presidential performance. The trade deficit has been widening slightly each year since 2014. But the deterioration in 2017 was far sharper than others seen in that period. The deficit in goods with China, which Mr Trump last month declared “unsustainable” in a call with Xi Jinping, his counterpart in Beijing, grew to a record $375.2bn last year. The deficit with Mexico, which Mr Trump has repeatedly criticised, hit $71bn in 2017, its second highest level on record.
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https://www.ft.com/content/0ecd54fa-0b4e-11e8-8eb7-42f857ea9f09?list=intlhomepage

Thank goodness we have such a masterful negotiator in the White House to put a stop to such things!
 
S

Sapidus

Well-Known Member
Gilligan said:
Gonna be a long 8 years for you, eh sugar tits?
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Why are you proud of the fact they your president is a liar?

Why can’t you admit there are things he knows nothing about and that his policies are moronic?

Or would that hurt your sensitive manhood for voting for an idiot?
 
PrchJrkr

PrchJrkr

Long Haired Country Boy
Ad Free Experience
Patron
Sapidus said:
Why are you proud of the fact they your president is a liar?

Why can’t you admit there are things he knows nothing about and that his policies are moronic?

Or would that hurt your sensitive manhood for voting for an idiot?
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Can you please list these policies and explain in layman's terms why they are moronic?
 
Bird Dog

Bird Dog

Bird Dog
PREMO Member
Sapidus said:
Why are you proud of the fact they your president is a liar?

Why can’t you admit there are things he knows nothing about and that his policies are moronic?

Or would that hurt your sensitive manhood for voting for an idiot?
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I keep asking this of you geniusesand never get an answer. Which of Trump’s policies have hurt you or your families...please be specific.....
 
S

Sapidus

Well-Known Member
Can you not read the article above and answer these questions yourself?

Do you not see isolationism is not the answer?
 
S

Sapidus

Well-Known Member
PsyOps said:
Because, while you were all comfy with Obama's lies because it fit your thinking, I'm comfy with Trump's lies because they fit my thinking :sarcasm:
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Yeah remember all those lies that led to all that economic growth under Obama?

Now Trump is increasing our trade deficit and the stock market just had its greatest loss. Ever.

Seems like your thinking is wrong
 
black dog

black dog

Free America
Sapidus said:
Yeah remember all those lies that led to all that economic growth under Obama?

Now Trump is increasing our trade deficit and the stock market just had its greatest loss. Ever.

Seems like your thinking is wrong
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Just where was that economic growth at? Because it sure wasn't out here in factory land..
 
SamSpade

SamSpade

Well-Known Member
Sapidus said:
Now Trump is increasing our trade deficit and the stock market just had its greatest loss. Ever.
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But only in points, which is an absurd comparison.
On October 28, 1929 the Dow crashed - 38 points.
It was a big deal, because the Dow was in the low *100s* then.
The worst EVER percent drop was Black Monday, October 19, 1987.
508 points.


By a percentage drop, it ranked as the 25th biggest one day drop since 1960,
and the worst since --- 2011.

For all your bluster about everyone else being some kind of moron,
you're either oblivious to this, or deliberately ignoring this.
 
Gilligan

Gilligan

#*! boat!
PREMO Member
And at the moment the DJIA is within 0.9% of where it was a month ago. All that excitement fer nuthin' ?....
 
GURPS

GURPS

INGSOC
PREMO Member
I'm trying to see the point between Trump's Negation Skills and how that relates to the American Consumer :shrug:
 
S

Starman

New Member
GURPS said:
I'm trying to see the point between Trump's Negation Skills and how that relates to the American Consumer :shrug:
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Because a trade deficit means a nation is importing more than it's exporting, as U.S. consumers skip over American-made goods for foreign-made goods which in theory is "costing Americans jobs". The president, master negotiator that he is, cancelled TPP, which while it wasn't a cherry deal for the U.S. was designed to wedge China out of PACRIM trade, which was the most important element of that deal. He said instead of TPP he would negotiate trade deals with individual nations. Not a single deal has been struck yet, though several are claimed to be in the works. He's also ceded Africa to China and instead has shifted to a strategy of trade protectionism, which won't help one whit.

He's done more for China in terms of trade that he's done for the U.S.
 
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