We are currently running the largest-ever trade deficit with the Peoples Republic of China.
Largest ever.
The trade deficit fell in Greece too. After Greece lost all it’s jobs and nobody could afford to buy the imports.
The trade deficit fell in Greece too. After Greece lost all it’s jobs and nobody could afford to buy the imports.
This is only a report for March. Big whoop....
The US is still the only consumer market that can be stand-alone. Yeah we have to buy bananas overseas, and we don’t mine our own rare earth materials, but we don’t need to import steel, or cars, or food, and ship recyclables to those that make them for packaging.
It’s oil prices.
We fix it by leveling the playing field. Unfair and unenforced trade agreements have resulted in manufacturing leaving this country and the loss of good paying jobs.
We run a trade deficit with almost every country on earth. We have the lowest labor participation rates in 38 years. We need to lower corporate tax rates, eliminate the forest of regulations, and make investment in this country more attractive. Tariffs are the last resort. We have tariffs now as do other countries.
This shrink is from no demand - precursor to shuddering ripple effect. Lefty chickens all coming home to roost - will be getting ugly.
Other countries can’t retaliate. They already have erected trade barriers you idiot.
I have only been in Walmart once since the start of the year. Guess it shows.