The Second Term of Donald J. Trump as President of the United States of America
- Thread starter sear
- Start date
Shiftless2
Well-known member
Trump lies again (hard to imagine isn't it)
A real analysis shows that Trump is incorrect; AGAIN.
As Bloomberg wrote today, based on Commerce Dept data, "US Trade Deficit Widens, Capping One of Biggest Since 1960"
"The US trade deficit widened in December, capping a turbulent year of erratic tariff policy....The goods and services trade gap expanded from the prior month to $70.3 billion, Commerce Department data showed Thursday. The shortfall culminated in a full-year deficit of $901.5 billion, still one of the largest in data back to 1960."
Even though the US v China deficit declined, China had a $1.2 trillion trade SURPLUS.
Trump actually achieved the exact opposite of what he promised as he collected ~$300B in his tariff tax on US citizens and companies.
"The December deficit reflected a 3.6% increase in the value of imports. Exports of goods and services declined 1.7%. The median estimate in a Bloomberg survey of economists called for a $55.5 billion overall shortfall....The trade data were notably volatile in 2025 on a month-to-month basis as US importers reacted to a persistent drumbeat of tariff announcements from President Donald Trump. Gold and pharmaceutical imports were particularly choppy as companies raced to beat higher duties."
A real analysis shows that Trump is incorrect; AGAIN.
As Bloomberg wrote today, based on Commerce Dept data, "US Trade Deficit Widens, Capping One of Biggest Since 1960"
"The US trade deficit widened in December, capping a turbulent year of erratic tariff policy....The goods and services trade gap expanded from the prior month to $70.3 billion, Commerce Department data showed Thursday. The shortfall culminated in a full-year deficit of $901.5 billion, still one of the largest in data back to 1960."
Even though the US v China deficit declined, China had a $1.2 trillion trade SURPLUS.
Trump actually achieved the exact opposite of what he promised as he collected ~$300B in his tariff tax on US citizens and companies.
"The December deficit reflected a 3.6% increase in the value of imports. Exports of goods and services declined 1.7%. The median estimate in a Bloomberg survey of economists called for a $55.5 billion overall shortfall....The trade data were notably volatile in 2025 on a month-to-month basis as US importers reacted to a persistent drumbeat of tariff announcements from President Donald Trump. Gold and pharmaceutical imports were particularly choppy as companies raced to beat higher duties."
US trade deficit swells in December as imports surge
The second straight monthly deterioration in the United States’ trade deficit occurred as US firms boosted imports of computer chips and other tech goods.The United States trade deficit has widened sharply in December amid a surge in imports, and the goods shortfall in 2025 was the highest on record despite US President Donald Trump’s tariffs on foreign-manufactured merchandise.
The second straight monthly deterioration in the trade deficit reported by the US Commerce Department on Thursday suggested that trade made little or no contribution to gross domestic product (GDP) in the fourth quarter.
US trade deficit swells in December as imports surge
The US trade deficit deteriorated even though President Trump unleashed a barrage of tariffs to close trade imbalances.
Enumerating Trump ideological inconsistencies is akin to shooting pickles from a barrel. - but - here we go
Trump's trade tariffs are taxes, lavished upon U.S. consumers.
President Trump has boasted that federal revenues from his tariffs would be so plentiful, instead of paying federal income tax, former tax payers could expect $thousands from government.
Next Tuesday Feb. 24 9
M/ET Trump is likely to boast in superlative terms about the U.S. economy. Do you suppose Trump will mention his trade deficit?Shiftless2
Well-known member
Shiftless2
Well-known member
Washington is quietly checking its own homework.
The U.S. International Trade Commission just launched another review of auto rules under CUSMA. On paper that sounds routine. In reality it exposes a policy contradiction nobody wants to say out loud.
CUSMA was built to keep car production inside North America. Higher regional content. Higher wage requirements. North American steel and aluminum. The whole point was simple. Build here, sell here, avoid tariffs.
Then the same government slapped a 25 percent tariff on vehicles and separate duties on steel and aluminum.
You can't encourage integration and punish integration at the same time.
A modern car isn't made in one country.
An Ontario assembly plant depends on American engines and Mexican components. Parts cross the border over and over before a vehicle exists. That system only works if crossing the border stays predictable.
Tariffs destroy predictability.
Now Washington wants to measure the economic impact. But what they're really asking is whether ....
MORE>
Shiftless2
Well-known member
Supreme Court strikes down most of Trump's tariffs in a major blow to the president
The decision does not affect all of Trump's tariffs but invalidates those implemented using an emergency law.
Supreme Court strikes down most of Trump's tariffs in a major blow to the president
The decision does not affect all of Trump's tariffs but invalidates those implemented using an emergency law.
www.nbcnews.com