Post
Topic
Board Economics
Re: Trumps effect on the economy.
by
kenlyresuello08
on 02/09/2018, 17:21:50 UTC
Like any president, Trump is taking credit for good economic news. He’s highlighted rising stocks and falling unemployment. But Trump also, famously, regards trade deficits as a sign of economic weakness. And for people who worry about the fact that the U.S. buys more stuff from other countries than it sells them, the news has not been so good. The latest release from the Census Bureau and the Bureau of Economic Analysis notes that the trade deficit was 12% higher from January to October 2017 than during the same period of 2016. The trade deficit with China, a particular concern of Trump, is up even more.