Posted on 02/06/2018 9:08:03 PM PST by cba123
The U.S. trade deficit in 2017 was the highest its been since 2008, despite President Donald Trumps repeated promises to reduce the size of the deficit.
The trade deficit grew by 12.1 percent in 2017, soaring to $566 billion, the highest since the deficit hit $708.7 billion in 2008, the Department of Commerce revealed Tuesday, according to multiple reports.
The trade gap widened in December, growing 5.3 percent to $53.1 billion.
The U.S. imported numerous foreign-made goods in 2017, many of which were produced in China. The trade gap with China, a country Trump criticized repeatedly on the campaign trail for its unfair trade practices, surged to a record-breaking $375 billion.
Imports from Mexico also hit a new record high.
(please see full article at link)
(Excerpt) Read more at dailycaller.com ...
The accounting inverse of a trade deficit is a foreign investment surplus. Foreigners want to invest in us. What could be wrong with that?
Dont mind the chest heaving pearl clutchers. They get up from their fainting couches now and then to let us know the sky is falling.
It’s all part of the new “are we there yet” conservatism where dullards on our side pick an issue and DEMAND Trump fix it this damn second. Usually with some smarmy post that makes it seem like he is “neglecting” promises and with some tone that amounts to the person threating some sort of electoral consequences.
It is so obnoxious considering that most people on the right can’t even get off their duff and control their own senators, whom all could be working with Trump to make this stuff happen, instead of screwing around.
It sounds to me like you are just making excuses for the complete sell out, of American manufacturing.
Trade and the borders are everything. We need a uniform 20% tariff that escalates 1% a year until the trade deficit is 0.
God I hope so! If I never pick up another "Made in China" thing I would die a happy man!
Wealth is pouring out of the USA and douche bags like you are saying it doesn't matter. When I was young we made fun of dead beat counties with huge trade deficits. Now we are one. Free Traitors can all go to hell or China. GTHOOMC.
More tariffs. That is what he could be doing. We are in trade war now and we need to fight back!
Rats say that the groundwork that Obama laid is responsible for the improving economy under Trump.
But the trade deficit became Trump’s fault the day he moved into the White House.
OK, got it.
Great! the USA is exporting food and raw materials and importing finished goods made by third world peasants and the profit margin is being gobbled up by multi nationals. We are losing the economic war and becoming third world nation. Thanks Free Trade.
That is ridiculous, unsustainable and idiotic. My God is this what the Republican Party is made of? People like you with zero common sense?
That's because the snowflake generation can't do anything. They can't make or do anything of value. There's nothing marketable about a 4 year degree ,with a 20 year student loan debt , in black studies/womyn studies/LGBTQRXYZ studies. The STEM majors are all asian and indian.
If physical labor is needed, only the Mexicans, and a fewer and fewer white guys and black guys from rural areas, has the stamina.
Still, there are Americans with a can-do attitude who are innovating. Often they are outside of the university system, hence outside-the-box thinkers, but swimming upstream in increasingly hostile the waters of snowflakery and socialism.
Oh BS. They can do anything you can do. You f'ing anti Americans are making me puke.
Some things take time and there is still much to do - expecting everything all at once is unrealistic, especially with the uphill battles he’s been fighting for the duration.
Correct. I fire anti-Americans. I don't hire union pukes, but were you somehow working for my business then I'd have to fire you. Remember, nobody made you a puke except yourself, with your lack of brains and marketable skills.
If you are bitter and wondering why your unemployment continues apace, look in a mirror.
You are an anti-American jerk off. This is why Trump won to defeat globalist POS.
I’ll let you have the last word because I don’t want you to have stroke.
Free Trade sucks when other countries are taxing the hell out of our exports and we don't retaliate.
A booming economy raises the demand for imported goods. Simple as that.
Trump will definitely fix it...
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