Trump's Backfiring Trade Policy

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Thirty months into Trump’s radical trade policy, and as trade disputes with China escalate and risk turning into a currency war, it's time to take stock. Trump promised far better trade deals, fair treatment of American firms and to reduce the trade deficit. Sadly, none of these goals has been met.

, which depends more on fiscal than trade policy, is larger than when the President took office. Tariffs are not reducing imports. Tariffs are shifting the source of imports to third parties, such as Vietnam, and increasing their cost for U.S. consumers. in the rest of the economy. This, too, was not a surprise, since jobs in manufacturing depend far more on automation and tastes than on trade policy.

As for fair treatment of U.S. firms, according to Global Trade Alert, nearly 18 percent of U.S. exports were at risk from tariff increases by other Group of 20 countries last month compared to about 8 percent in 2016.

 

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Weird if a president fights for his people to get out of stupid and unfair trade deals that everyone wants to criticize him. Or do you idiots want China to get richer and the US just keeps on building an even more massive deficit. Did you even listen when Trump explained it all?

If the Democrats were standing with the president instead of being the dividers these foreign countries would see America united instead of divided in our trade war would be going better but he stay the course and Trump will win again and the Dem’s will be scratching their heads

And, you would have us just continue to let China rip us off?

So You want to strip the president of strategy that hasn't self destructed as you predict! That sounds like taking a crap without pulling your pants down. You have the Cart before the horse! HouseCracka BreitbartNews business BBCNews

Au contraire, it’s working like a charm...

To be fair, it’s not a “policy.” It’s simple incoherence wrapped in ignorance.

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