Highest Trade Deficit in 12 years

[Winter_Sucks]

Tired of all this winning?

[chad3]

Originally Posted by scarabchuck

am I reading the chart wrong or something ?

Originally Posted by scarabchuck

I still don't see your 2X 2019 deficit. Not a big deal though.

You were not reading the chart wrong, rather my original post contained inaccurate information, and I apologize.

Americas current balance of trade is (NOT) 2x worse than 2019 levels.

https://tradingeconomics.com/united-...lance-of-trade


If you look at the above chart and compare Nov 2019 to July 2020 it appears that July 2020 trade balance levels are more than 2x higher than Nov 2019 levels (the line representing July 2020 is more than 2x longer than the Nov 2019 line.)

But if you look at the actual numbers its not 2x greater.

Nov 2019 trade balance- 41,054
July 2020 trade balance- 63,556


I think I made the mistake by assuming the chart began at 0 when it actually begins at 35,000.


Perhaps the following information is accurate,

Germany's current balance of trade has nearly returned to August 2019 levels.
https://tradingeconomics.com/germany/balance-of-trade

China's current balance of trade has improved since 2019.
https://tradingeconomics.com/china/balance-of-trade

Americas current balance of trade is significantly worse than 2019 levels.
https://tradingeconomics.com/united-...lance-of-trade


I apologize for the error (I did not do it intentionally),
Chad.

[Seacove]

Originally Posted by Goodnight

Debt now exceeds WW2, time for another tax cut.

Trump is the king of debt. He would probably give every voter $10,000 if it guaranteed his re-election, it's not like it's his money.

[whogo]

Rising trade deficits often mean the nation with the increasing deficit is doing better economically in relation to its trade partners. Trade deficits, for the United States, is especially beneficial because it helps to maintain the dollar’s status as the world’s reserve currency. Of course Trump didn’t run on increasing trade deficits.

[Ponderosa]

China be eating our lunch. We are paying in many ways for Trump's failure to respond effectively to the pandemic.

[TakingItEasy]

Originally Posted by thedirtypirate

For years, the GOP promised us if we could get Obama out of office, we would see balanced budgets.


In reality, all the Trumpublicans have done is give the largest corporations a big tax cut and made the American worker weaker.

Don't look at our national debt.

And Iowan farmers are going belly up- wonder if they regret voting for the chump.

[Finn_Jarber]

Yet another bloodbath in the Wall Street.......

[TakingItEasy]

Real Fiscal Conservatives care (about our national debt)

Trump is a fake conservative.