Trade Deficit Soars to Highest Level Since 2008
Despite talk of “America First,” the Trump administration has failed to reduce our deficit in goods and services with the rest of the world.
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A Day After Mnuchin’s ‘War on the Dollar,’ Trump Says Dollar Will Get ‘Stronger and Stronger’
Trumps comments on the dollar do not contradict Mnuchin’s. In fact, they reflect the same view that U.S. economy is picking up steam.
Axios: China Hawk Robert Lighthizer Growing Influence in Trump White House
Axios’ Jonathan Swan reports on the increasing influence of President Trump’s trade negotiator Robert Lighthizer who is “increasingly winning internal arguments over the administration’s inevitable economic confrontation with China.”
Presidents Trump and Xi Announce ‘Miracle’ of $250 Billion in U.S.-China Deals
President Donald Trump and Chinese President Xi Jinping announced over $250 billion in deals between American and Chinese companies on Thursday, an accomplishment hailed by Chinese Commerce Minister Zhong Shan as “truly a miracle.” Critics immediately began picking the deals apart as less than meets the eye.
No. The U.S. Trade Deficit Is Not a Good Thing
The United States sells fewer goods and services than it buys from the likes of China and Mexico, and this is somehow evidence that Americans are just very wealthy.
Trump Is Right About Germany: It’s Bad Very Bad On Trade
Germany may be the worst actor on the international trade stage. Even worse than China.
Trump: I’ll Make ‘Not as Good a Trade Deal’ if China Helps with North Korea
In an interview with the Wall Street Journal published on Wednesday, President Trump elaborated on a Twitter comment that he offered Chinese President Xi Jinping a “far better” trade deal if China “solves the North Korean problem.”
Trade Deficit Falls by 10% as U.S. Factories Benefit from Economic Stability Around the Globe
The Trump administration has made the reduction of the trade deficit one of its central economic goals, describing our persistently large trade deficits as both an economic and security risk. February’s decline makes that goal easier to achieve.
Mexico Pledges 12% Foreign Exchange to Stabilize Peso
Mexico’s central bank was forced to pledge up to 12 percent of the nation’s total foreign exchange reserves to prevent a disastrous run on the peso currency, which has already fallen by 20 percent since the U.S. elections on November 8.
Study: California Lost 589,100 Jobs to China from 2001-2015
A new study by the Economic Policy Institute (EPI) has found that California lost a net 589,100 jobs from 2001 to 2015, after China entered the World Trade Organization.
Washington Post: Economists Say ‘Trade with China Literally Kills Americans’
Max Ehrenfreund reports in The Washington Post that two economists have posited a theory that the U.S. trade imbalance with China and subsequent de-industrialization has had fatal consequences for American workers.
Fact-Check: Yes, Our Trade Deficit for Goods Is Nearly $800 Billion
During the second presidential debate, Republican nominee Donald Trump said that America’s trade deficit in goods was nearly $800 billion last year.
Diamond and Silk Endorse Nehlen over ‘Lyin Ryan’: Nehlen ‘Puts American Workers First’
YouTube stars Diamond and Silk endorsed Paul Nehlen in his August 9th primary election against House Speaker Paul Ryan.
U.S. Trade Deficit Jumps 8.7 Percent to 10-Month High
The trade deficit increased because imports rose by $227.7 billion, while exports were up only $183.2 billion, with particularly sluggish oil and new-car exports. The trade gap with China hit its highest mark since last November, thanks to heavy imports of “Chinese-made computers, cell phones, and clothing,” per ABC News.
U.S. Trade Deficit Grew by 10.1 Percent in May
The U.S. trade deficit grew by 10.1 percent from April to May as U.S. exports declined and imports to the country grew.
Donald Trump Supporters Have Good Reason to Be Mad
Men supporting Donald Trump have reason to be mad as hell. The economy has turned against them, and policies advocated by Democrats and tolerated by mainstream Republicans make their circumstances worse.
30 Years of ‘Free Trade’ Brings 400% Trade Deficit with China
There is much debate over the negative effects of massive trade deficits, and what the best strategy for correcting them might be, but it’s hard to deny the U.S. trade deficit with China is staggering in scale … and it got that
Trump Camp: Ted Cruz Is ‘The Reason Why Obamatrade’ Passed
“The reason why Obamatrade became law is because of Ted Cruz,” said Donald Trump’s senior policy advisor Stephen Miller on Monday’s program of Breitbart News Daily. Miller — who had been working for Sen. Jeff Sessions at the time that
