Trump hammers the world with tariffs thinking it would improve the US trade deficit, but now the deficit has risen 4 percent since Biden.
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Trump hammers the world with tariffs thinking it would improve the US trade deficit, but now the deficit has risen 4 percent since Biden.
Welcome to the Trump economy, where the world stops buying American, because no one likes The Mad King.
@randahl
I don't think he ever imagined that tariffs would improve the US trade deficit; only that it would enable to pick winners and losers (and thereby maximize his own prifits). -
Trump hammers the world with tariffs thinking it would improve the US trade deficit, but now the deficit has risen 4 percent since Biden.
Welcome to the Trump economy, where the world stops buying American, because no one likes The Mad King.
@randahl or his minions. Let’s not pretend this is just Trump.
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Trump hammers the world with tariffs thinking it would improve the US trade deficit, but now the deficit has risen 4 percent since Biden.
Welcome to the Trump economy, where the world stops buying American, because no one likes The Mad King.
@randahl I must challenge this assessment. Deficits are still trending down from the huge spike back in early 2025, and they are comparable to Biden’s time (see second graph, upside down).
The difference is that volatility has increased tremendously. But our deficit has not budged all that much.
Graph source: https://tradingeconomics.com/united-states/balance-of-trade
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Trump hammers the world with tariffs thinking it would improve the US trade deficit, but now the deficit has risen 4 percent since Biden.
Welcome to the Trump economy, where the world stops buying American, because no one likes The Mad King.
@randahl I was under the impression the intention of all this was to ruin the dollar as an international currency? It is working so far.
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Trump hammers the world with tariffs thinking it would improve the US trade deficit, but now the deficit has risen 4 percent since Biden.
Welcome to the Trump economy, where the world stops buying American, because no one likes The Mad King.
it's kind of interesting to grow up in the cold war era where everything was dominated by usa and ussr/ russia
and now to watch them both go the way of the dodo into various self-destructive idiocies
europe, china, india, indonesia, brazil, nigeria:
do better
you're left standing while we decay
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@randahl I must challenge this assessment. Deficits are still trending down from the huge spike back in early 2025, and they are comparable to Biden’s time (see second graph, upside down).
The difference is that volatility has increased tremendously. But our deficit has not budged all that much.
Graph source: https://tradingeconomics.com/united-states/balance-of-trade
@drahardja I agree, it looks like the graph contradicts the article. But look at the accompanying text:
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Trump hammers the world with tariffs thinking it would improve the US trade deficit, but now the deficit has risen 4 percent since Biden.
Welcome to the Trump economy, where the world stops buying American, because no one likes The Mad King.
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@drahardja I agree, it looks like the graph contradicts the article. But look at the accompanying text:
@randahl Yes that much is true, the total deficit over Jan–Nov 2025 is greater than the total deficit over Jan–Nov 2024, probably thanks to people overbuying goods from other countries in fear of the Trump tariffs between Jan–Mar 2025.
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@randahl Yes that much is true, the total deficit over Jan–Nov 2025 is greater than the total deficit over Jan–Nov 2024, probably thanks to people overbuying goods from other countries in fear of the Trump tariffs between Jan–Mar 2025.
@drahardja yes, that is it. It is because it is year-to-date.
Of course one could argue, that the purchases in Q1 of 2025 were exceptional and should not be factored in. But I would argue that given how just-in-time most sales are nowadays, the Q1 purchases would now be sold, so it is fair to do the comparison with 2024, would you not agree?
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@drahardja yes, that is it. It is because it is year-to-date.
Of course one could argue, that the purchases in Q1 of 2025 were exceptional and should not be factored in. But I would argue that given how just-in-time most sales are nowadays, the Q1 purchases would now be sold, so it is fair to do the comparison with 2024, would you not agree?
@randahl Yes, I think anything past say June 2025 is a fair comparison, because the oversupply would have been sold.
In fact, the dip in deficit in Aug–Oct 2025 may be because people are trying to dump the remaining oversupply in their warehouses.
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it's kind of interesting to grow up in the cold war era where everything was dominated by usa and ussr/ russia
and now to watch them both go the way of the dodo into various self-destructive idiocies
europe, china, india, indonesia, brazil, nigeria:
do better
you're left standing while we decay
@benroyce I am still high over the Texas District 9 election this weekend. That kind of result is exactly what everyone needs — across the US.
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