Economy

“US Trade Deficit Widens, Capping One of Biggest Since 1960”

“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.

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…”

https://archive.ph/ITIJU#selection-1541.0-1545.218

Articles like this are a underhanded way to attempt to invalidate tariffs in my opinion. I see what you’re trying to do. We have to import more because more and more jobs are out of country. That means an ever increasing trade deficit. The tariffs *will* eventually bring jobs back. When as this happens the trade deficit will naturally decrease.

Companies will fight tooth and nail during the process because they don’t want to lose their cheap labor. Don’t like tariffs? Make the product in America. This is not rocket science.

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