General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPBS: U.S. trade deficit surged in July to highest in 12 years
This just goes to show that Trump has repeatedly broken his promises across the Board not only has the budget deficit bloomed under Republican tax cuts and their mishandling of the pandemic, but the trade deficit has exploded despite Trump's hawkish policies on trade. Yet, Trump will attack Biden on trade?
https://www.pbs.org/newshour/economy/u-s-trade-deficit-surged-in-july-to-highest-in-12-years
The July deficit increase was driven by a record 10.9% increase in imports which rose to $231.7 billion. Exports were also up but by a smaller 8.1% to $168.1 billion.
When Donald Trump campaigned for president in 2016 he pledged to sharply lower the countrys large trade deficits, especially with China, which for years has been the country with the largest trade surplus with the United States.
But despite a number of high-profile trade battles and a renegotiation of the North American Free Trade Agreement with Canada and Mexico, Americas trade deficits have remained stubbornly high.
SWBTATTReg
(22,114 posts)CrispyQ
(36,461 posts)Where is our national ad campaign stating the same thing? When are we going to start challenging the myths that the GOP has been spreading about themselves for four decades now.
Party of fiscal responsibility.
Party of personal responsibility.
Party of family values.
Party of God.
The conservative party. What a fucking joke. There's nothing conservative about today's republican party.
Yeehah
(4,587 posts)The billionaires prefer unregulated capitalism, so they will continue to support republicans, and you will continue to hear lies from your corporate media.