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.
Discussion
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@randahl And this will go even further. Europeans now realise that they can depend on the US for defence, IT...
They are planning to produce what allows sovereignty. When before Trump it was good to buy Anerican.
Seems he is getting what he deserves…
@randahl
Here, on the subject "tariffs are taxes":
@randahl One has to say that some U.S. companies have been very eager to argue that you should not buy from them too. They fully support their president.
@randahl I think it's unfair to only blame trump. We also despise the US Americans who elected him and now either still support his fascist regime or don't offer meaningful resistance
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.
Yeah we're going to see dems retaking congress and then some impeachments
I think. I hope
Just need to get through the current madness and Americans fucking showing up to vote and more importantly sustaining through 2028 and beyond and not forgetting their easy responsibility
@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.
@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.
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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.
@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.
@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).
@tlariv the trade deficit was literally is argument for introducing tariffs at that first outdoor event where he held up the long poster with tariffs.
@randahl
Well yes, but only because "tariffs will allow me to manipulate the entire global economy to my personal benefit" doesn't win over a lot of voters in the swing states.