Brexit

[JRPGfan]

palou said:

Victorlink87 said:

The best example of the US being shafted on trade comes from this previous year. Under Trump exports have gone up and imports have gone down. Yet, the trade deficit has gone up. 

hmm, where did you get that from? It's self-contradictory, trade deficit is the value imported minus the value exported.

 

edit: yeah, imports increased significantly (nothing execpetional, has been the trend for a while)

https://tradingeconomics.com/united-states/imports

Alot of that is due to big american companies understanding that tarrifs will hurt their company, and their products so they are stockpileing stuff they need to import from abroad.

This is why dispite Trump putting on tarifs, the US has bought more from China than ever before.
Its just american companies stockpileing abit, and hopeing that Trump reverses things before they run out again.

if that doesnt happend, then the Tarif that Trump put onto goods, will come from the Prices Americans pay for items.
They will rise, not just the ones from China, even america products, that make use of things that need to be imported or assembled elsewhere.

Not only will it effect prices, it could effect jobs too.
Everything is interconnected these days, and I doubt Trump understands these things to the full degree.

I wouldnt be surprised if all this ends up doing, is something akin to shooting oneself in the foot.

 

Victorlink87 said:

palou said:

hmm, where did you get that from? It's self-contradictory, trade deficit is the value imported minus the value exported.

Thanks for calling me out. It forced me to reread the government's report. My brain switched words  like import and export around.

Happends to the best of us.

 

I still think it ironic, that so far the only effect of those tarifs trump put on, is that the US companys tried to stockpile things, resulting in the trade deficit growing to levels higherthan it usually has been.  Trump plans dont always work out lmao.