President Trump at the White House on Tuesday. By Philip Bump Philip Bump National correspondent focused largely on the numbers behind politics Email Bio Follow March 6 at 12:43 PM President Trump’s 2016 campaign did not include very many solid predictions of what he might accomplish, but a few nonetheless stand out. Trump insisted he would punish foreign countries he said were taking advantage of the United States economically and bring manufacturing back to U.S. shores.
— Donald J. Trump July 3, 2015 We learned on Wednesday morning that, in broad strokes, Trump’s effort has been unsuccessful: The trade deficit has climbed during his presidency.Overall, the deficit hit $621 billion, the widest since 2008. But that was boosted by a net surplus in trade of services, which helps pull the overall trade balance — a combination of both services and manufactured goods — upward.
Since the data provided by the Commerce Department goes back only to 1992, this graph obscures the truth: It is the highest in U.S. history. See that spike in goods at the end of the graph? That was a drop in the trade deficit in manufactured goods that occurred in November. Trump even bragged about this change, crediting it to tariffs his administration had imposed. We noted last week this argument was incorrect. We learned on Wednesday it was also short-lived.
CleDonnelly Remember he filed bankruptcy for what 6-7 different Trump companies? No surprise. He is an idiot.
Trump is a fool wreaking havoc on America.
More winning from the worst president in American history. Nice job, conman 45 realDonaldTrump
realDonaldTrump Your horrible at this job. The vast majority of Americans not only hate you but can’t wait to see you locked up in prison. You will end up being at least partially responsible for getting your kids locked up. Your a failure on every level.
realDonaldTrump Just go. You are a failure at business, failure at marriage, failure with prostitutes. Go.
Washington Post we should get taken advantage of by China forever is that what you’re saying if so you’re fucking ridiculous. At least we have a president trying to solve the problem.
Ww have FRAUD so the only part of the equation remaining is 'bankruptcy' then America will have followed Trump's business model to a tee.
Donald only cares about increasing his wealth. Guaranteed that he’s used his position to accomplish that goal. The suckers who support this conman are about to learn how wrong they were. Most of us knew long ago...
And it did this because he doesn’t understand economics, much less world trade. Exhibit 1: he thinks the economy is the stock market. Exhibit 2: he doesn’t think a Memorandum of Understanding is a contractual agreement. These are basics.
What a surprise...
Trump was put in place to destroy us from within and we have allowed it to happen.
His supporters will still say he is doing a good job while going broke due to his policies.
Who planted the trade-war idea in his head? Maybe the same voice that told him about Poland’s incursion into Belarus and about that aggressive Montenegro.
Who benefits? Our enemies. trump is far and away the most significant threat to America and Democracy globally since the Cuban missile crisis. Pick a front. Any front! He jeopardizes us. Who planted this trade-war idea in his head?
Elected a gardener to practice proctology all that’s left is shit
It’s almost like he’s a foreign agent destroying America on purpose. With the help of the GOP and the most deplorable group of people on the planet to own the libs.
Who would've guessed 🤷🏽♀️
The great con is starting to unravel
That’s because he’s an idiot who has no clue about economics.
How does this article have any merrit? He's still negotiating with the other countrys!
Give me the list of people who have tried to correct this deficit problem other than Trump! He has at least engaged the Chinese and I'll bet on his eventual success!
RepTomEmmer RepPeteStauber RepHagedorn mngop the Minnesota Trump worshippers, party of corruption.
You are FakeNews
How long till this is proven false? has been FakeNewsFactory for years now. Retraction forthcoming on page 6 lower left.
Because he has no concept let alone knowledge of economics. So much for the 'I am a great deal maker'. Has he actually made any deals? Mid east No, NK No, China No, Border walls No. Oh dear not very good is he?
CaroleCasuco Trump only makes deals that benefits him. Period.
But so much winning! America is great again!! Right? realDonaldTrump?
realDonaldTrump
Back to HIGH DEFICIT THANKS to REPUBLICAN LEADERSHIP LINING THERE POCKETS !!!!
duh!
realDonaldTrump has less idea of the world economy than a longhorn from the pole vault.
Trump's trade war strategy failed to take into account that when you hammer your trade partners with tariffs, they might stop buying stuff from you. Oh...that and we don't buy from jerks.
It's almost like he is totally unfit for office and has no fucking idea what he's doing. Weird. But keep on reporting it as business as usual.
Who on earth could have imagined that the guy who couldn’t figure out a way to make selling steaks and booze to Americans and never really got into specifics just said “believe me” over and over again would not know what he was talking about
Is Trump tired of winning already ?
Speculation
So now you agree it needs fixed . You realise thats still the old trade deal rules ,,right ? Hmmm.
Your “Analysis” is always anti-Trump‼️ Where’s the pro/Trump Analysis⁉️
realDonaldTrump is wrong on China, wrong on North Korea, wrong on Russia, wrong on the Wall, wrong on tax cut for middle class, wrong on trade deficit, wrong on tariffs, wrong on Brexit, wrong on Europe, wrong on Iran. This f*cking moron is wrong on EVERYTHING !
But that stock market though...
obama gave trump the beginning of a strong economy and trump bent on destroying it and then blaming it on obama
Shall we revisit the list of Trump's economic failures? Where shall we begin? Trump Steaks, Trump Water, Trump University, Trump..... (ya get the drift.) Tragically he's now infected our entire global economy with his SAME arrogance, ignorance and misguided strategies.
Trumpery is truly a Stage 4 Liver Cancer. There's No Cure. It must be buried politically, 6' under. It must be defeated ideologically, politically, philosophically and most of all, It must be Rejected and driven out of USA's Body Politics by 2020. WeThePeople must DoBetter
So, he intentionally harms America(ns) with planned deficit and not only deficit. We thought so.
Shocked, I say! Shocked!! Not.
Part of the systematic and deliberate dismantling of the US.
lilasmom1950 Trumpers will just call it fake news. They believe what they are told to believe
Oh well, once again we find out that the 'stable genius ' is nothing but a Jack Ass!
Big deal!! There’s so many new clean coal jobs for everyone! Farmers, factory workers, Dollar store employees.....they all have bright futures in America’s clean coal mines! Thank you Trump and Republican Jesus for picking him! 🙏
So much winning
China continues to invest in their infrastructure while the U.S. debates whether we need yet another foreign occupation, steel slats to stem net zero immigration, and more tax cuts for the fabulously wealthy. Shocking?
The more I think about this the more I realise that Trump is either not getting expert advice or he is ignoring it. Terrifying.
If he's a good trade negotiator, then I am an NBA player
I wish I had kept track of the number of times MAGA nuts called me a libtard for warning this might happen. Turns out that decades of teaching trade economics disqualified me from an opinion.
This is what you get from people who don’t even graduate with honors. SummaCumLiar
No it didn’t why you lie? Always lying to Americans 😀😀😀
Duuhhhhrrrrree. I wonder why. Man. Wish someone had known that trump had bankrupted 28 business and can’t speak English.
Pssst. Guys. It’s because Donny is super dumb but don’t tell anyone, ok?
Fakenews Donald Trump predicted it would increase a bit over this time then start steadily decreasing from here on out.
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