Donald Trump isn’t really good at much except telling you how good he is….
His showcase promise to make ‘America Great’ and bring jobs and more money ‘back’ to America isn’t happening….
The overall United States trade deficit widened in the first nine months of 2019, to nearly $500 billion, a sign that the Trump administration’s approach to trade has so far done little to make a dent in the imbalance.
The trade deficit for both goods and services in the first three quarters of the year jumped by 5.4 percent, to $481.3 billion, from the same period last year, according to data released by the Commerce Department on Tuesday. Total American exports fell by $7 billion from the previous year, while imports grew by $17.8 billion.
After the Trump administration and China came to a temporary cease-fire last month in a conflict that has begun to weigh on the global economy, negotiators are still at work trying to reach an interim trade deal. Some worry that any agreement will fall short of the transformative changes the Trump administration originally sought, and ultimately may not be worth the pain of Mr. Trump’s tariffs on China.
So far, the global trade war President Trump has initiated has not had the effect he desires in terms of bolstering American manufacturing and exports. In fact, some business executives say they have been hurt by the uncertainty it has created.