At $1 trillion it will be the largest budget deficit in history, except when there is a recession, and even without another downturn it is projected to be over $1.7 trillion in 2030. If, and more likely when, there is another recession the deficit could easily top $2 trillion.During Obama’s eight years in office the trade deficit ranged from $384 billion in 2009 due to the Great Recession to $550 billion in 2011 as the U.S. economy recovered earlier than the rest of the world.
After Canada and Mexico, China is the third largest buyer of U.S. goods. A result of Trump’s trade war with China is U.S. companies and farmers selling fewer goods to it. After peaking in 2017 at $130 billion, goods exports to China have fallen $23 billion or 18% to $107 billion in 2019.as their exports to China have fallen almost $20 billion over the past two years.
The Phase One deal includes very ambitious goals for China to buy U.S. agricultural products. These were going
Those millennials who vote for Saunders and that huge trillion dollar deficit will have them working till the day they die. I guess the Don didn’t think this through and the great economy part of those alternative facts stored in that stable brain.
When the graph showed improvements it is simply continuation ....let the sample size grow and revisit this. Trade wars are ugly, but the fight had intentions to improve the future. Now let’s see if it will happen.
Tired of all this winning MAGAs ?
So at best, the grade would be a solid C.
I don't trust any news organizations' analysis of anything. Even if you agree with Trump or say it is actually better I still would not listen to you. Your business model is to create drama not find the truth. fakenews
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