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U.S. trade deficit jumps 22% and tops $100 billion for the first time ever
Market Watch ^ | May 4, 2022 | Jeffry Bartash

Posted on 05/04/2022 7:13:18 AM PDT by ConservativeInPA

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To: JonPreston
$100 billion deficit, brought to US by the Uniparty, with a special push from Biden Republicans

Brought to you by 5 stimulus packages, 3 by Trump and 2 by Biden, that injected Trillions of dollars into the economy and caused massive inflation. The increase in lower cost imports were an attempt by consumers to blunt the effects of that inflation.

21 posted on 05/04/2022 9:35:53 AM PDT by Poison Pill
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To: griswold3

btt


22 posted on 05/04/2022 9:38:01 AM PDT by GailA (Constitution vs evil Treasonous political Apparatchiks, Constitutional Conservative.)
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To: Poison Pill

Trump opposed Free Trade, killed NAFTA and hung trade tariffs on China, Canada and other cheating nations all to the shrieks and screams of Neocons, Biden Republicans and McConnell suck ups.


23 posted on 05/04/2022 9:42:52 AM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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To: ConservativeInPA
U.S. trade deficit jumps 22% and tops $100 billion for the first time ever

A strong dollar will do that...

24 posted on 05/04/2022 9:52:08 AM PDT by semimojo (5)
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To: JonPreston
Trump opposed Free Trade, killed NAFTA and hung trade tariffs on China....ect.

Tariffs and inflation brought on by stimulus are two separate issues. After the tariffs were imposed, the trade deficit actually was reduced from about $70 Billion to $40 Billion by May of 2020. But after Trump and biden started sending stimulus money directly to citizens, inflation took off like a bat out of Hell. As inflation rose, customers turned to lower cost imports to reduce the impact of inflation. From May 2020 to April 2022, the deficit went from $40 Billion to $109.8 Billion.

25 posted on 05/04/2022 9:57:35 AM PDT by Poison Pill
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To: Poison Pill

Sorry, Biden Boy, the economy was rock solid under Trump. Inflation was non-existent. Now go sell your GOPe trash elsewhere. We aren’t buying your wars, your hack politicians or anti-American Free Trade.


26 posted on 05/04/2022 10:04:28 AM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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To: JonPreston
Sorry, Biden Boy, the economy was rock solid under Trump. Inflation was non-existent.

You don't start pumping $8 Trillion into the economy on Tuesday and have the effects show up on Thursday. There is a lag of 6 to 12 months. The Trump part of the stimulus occurred in his last year in office. And on the way out the door he was still working on package #3. Complain about the Uniparty if you want, but Trump played his part here.

27 posted on 05/04/2022 10:14:34 AM PDT by Poison Pill
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To: Poison Pill

Shoo Never Trump.


28 posted on 05/04/2022 10:26:10 AM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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To: JonPreston

Don’t feel bad that you don’t get it. This stuff can be difficult.


29 posted on 05/04/2022 10:30:59 AM PDT by Poison Pill
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To: Poison Pill

Only a Biden Republican would try and sell Trump as the cause of Biden’s inflation.


30 posted on 05/04/2022 10:35:10 AM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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To: JonPreston

Trump’s not the sole cause, they share responsibility. 35% Trump, 65% Biden I’d say.


31 posted on 05/04/2022 10:43:12 AM PDT by Poison Pill
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To: Poison Pill

32 posted on 05/04/2022 10:51:26 AM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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