Blah, blah...how’s the trade deficit with China? What restrictions? That they have to do business with his buddies and donors? Sure, I'll agree with that and that was the point of the Wall Street Journal Article. Again, nothing but hot air with a topping of Crony Capitalism on the shit sandwich that is the Trump tough guy routine.
https://www.ft.com/content/081e6d25-8d67-4caa-918a-2765a66f0052
“Mr Navarro said the deficit had “peaked” in 2018 at $418bn, as Mr Trump began to impose tariffs, and then fell 18 per cent, or $74bn, in 2019. He added that in the first half of 2020, the deficit had fallen 21 per cent compared with the same period last year, although that was partly due to the impact of the pandemic on global trade.
He refused to comment on the fact that the 2019 deficit was barely unchanged from the figure in 2016“
https://apnews.com/dd93ecd3cafc5df88a8f9f4a61693b07
WASHINGTON (AP) — The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount.
The Commerce Department reported that the July deficit, the gap between what America buys and what it sells to foreigners, was 18.9% higher than the June deficit of $53.5 billion. It was the largest monthly deficit since July 2008 during the 2007-2009 recession.
The July deficit increase was driven by a record 10.9% increase in imports which rose to $231.7 billion. Exports were also up but by a smaller 8.1% to $168.1 billion.
When Donald Trump campaigned for president in 2016 he pledged to sharply lower the country’s large trade deficits, especially with China, which for years has been the country with the largest trade surplus with the United States.
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But despite a number of high-profile trade battles and a renegotiation of the North American Free Trade Agreement with Canada and Mexico, America’s trade deficits have remained stubbornly high.
"For July, the deficit with China in goods totaled $31.6 billion, an 11.5% increase from the June imbalance."
