Us Trade Deficit Widens Despite Trump S America First Policies The us trade deficit keeps widening despite president donald trump's anti trade, protectionist stance. the deficit with china surged 16.7% in january to its highest level since september 2015. The trade deficit is wider despite the objectives of president trump's trade policies. steve inskeep talks to david wessel, director of the hutchins center at the brookings institution.
Us Trade Deficit Widens Despite Trump S America First Policies “so the same failed trade policy trump attacked as a candidate is still in place.” sailing against strong economic currents. even if trump began aggressively taxing imports and strong arming other countries into meeting his demands to buy u.s. exports, he still likely would find it hard to make a big dent in america’s trade deficit. Updated: 02 05 2021 11:23 am est. the u.s. trade deficit over the four years of president donald trump’s presidency soared to its highest level since 2008, despite his tough tariff tactics. The agreement was designed to lower the u.s. trade deficit with china, which mr. trump viewed as a sign of america’s failing trade policy, and to boost purchases of american farm goods before. Overall trade with china last year easily surpassed previous records, and the u.s. trade deficit with china grew 8.3 percent annually to $382.9 billion, the second highest total on record.
Comments are closed.