Presidential candidate Donald Trump during the 2016 campaign made a big issue of the U.S. Trade deficit and policy and said if elected would change the country's trade policy, especially toward China to reduce America's foreign trade deficit. But as President, for almost four years, failed and in fact cost the federal government more money for bailing out the American farmers for the harm Trump's trade wars inflicted.
Now comes the U.S. Department of Commerce in a October 7 report that America's foreign trade deficit for August was up 5.9% or $67.1 billion dollars. It was the largest increase since August 2006, fourteen years ago. Also reported that the total foreign trade deficit January - August 2020 was $421.8 billion dollars, up 5.7% from the same period in 2019. So Trump's promise to eliminate America's trade deficits was just another fairy tale and a part of Trump' fake news like he would create 25 million new jobs.
Trump, the self promoted boss of every one has allowed China to eat his lunch. And like most of Trump's decisions, his corrupted persona does not allow for real plans and policy on the issues facing America. History will not be kind to the impeached and mentally unfit President and rightly so.
This commentary written by Joe Lorio
