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Check out these headlines because the truth is the tariffs are working … trade deficit is shrinking ….. the US had a budget surplus in June of this year…

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MaggieWise ⭐️⭐️⭐️

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11,390 Aufrufe • vor 2 Monaten •via X (Twitter)

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Rep. Khanna: The affordability crisis, higher health care costs, higher child care costs, higher food prices, because of tariffs. Trump's China policy isn't working. China has the biggest trade surplus in recent years. And our trade deficit, despite all the tariffs, is projected to be higher than in 2024. At some point, people have to look at the numbers.
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Kinzinger: He has a fundamental misunderstanding of the role of tariffs. He really believes that the US is going to get very rich from tariffs. And this is going to close the budget deficit. That's not the reality. Tariffs should be used if you're fighting real unfair trade practices, but not against your friends, and not because you think you can raise money with it
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🚨BREAKING: United States Trade Representative Jamieson Greer says the US trade deficit with the EU for 2025 likely bigger than the US deficit with China. Greer was asked a question suggesting America is treating Europe more poorly than China in terms of trade policy. Greer responded STRONGLY: “I think the premise is just wrong, because we have much higher tariffs on China… I mean, to suggest that we're treating Europe more poorly than China, is just out of line with the facts. I mean, there have been, since 2018, very substantive tariffs on China. There have been export controls on China—that they hate. You know, there have been investment scrutiny that the Congress of the United States has stepped up. It's just, these are just things of a totally different nature, I think, for the United States. Well, let me make one more point: Our trade deficit with the EU this year for 2025 might end up being bigger than trade deficit with China. We reduced that trade deficit by about 25% last year. So when it comes to imbalance, we have a huge imbalance with Europe. You've had huge access into the US market. For many years, we've had limited access into Europe. You limit our agricultural imports, you limit our industrial imports, and you have a huge surplus with us. And it's not because you're particularly competitive. I know I'm here in Europe, and I spent a lot of time in Europe… I like Europe, but the reality is you're not competitive… We know you have bad energy policies. The fact that you have this massive surplus with the United States can't be because you’re competitive.” [Note this is a machine translation, may not be 100% accurate!] I'm here in Davos during the World Economic Forum meetings. Shoot me a note if you're around!
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The U.S. posted a $27 billion surplus in June The U.S. had $27B extra in June, unlike last year’s $71B shortfall. New tariffs brought in $26.6B, and we spent $187B less. If this keeps up, it could lower our $1.3T deficit
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The U.S. posted a $27 billion surplus in June The U.S. had $27B extra in June, unlike last year’s $71B shortfall. New tariffs brought in $26.6B, and we spent $187B less. If this keeps up, it could lower our $1.3T deficit

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🇺🇸Trump’s Tariff Plan Explained: Destroy or Help The US Economy? Trump describes tariffs as his "favorite word." To understand the concept, think of it like this: Imagine you’re an accountant seeking business referrals. You meet someone who sells auto insurance, and you agree to exchange referrals equally. A month later, you’ve given them five referrals, but they haven’t given you any. You now have a "referral deficit" while they have a "referral surplus." This is similar to a trade deficit versus a trade surplus. Now, on a larger scale, the U.S. has a global trade deficit of $1.1 trillion, meaning it has provided $1.1 trillion more business to other countries than it has received. China, on the other hand, has a trade surplus of $823 billion, receiving more business than it gives. Trump’s use of tariffs is an attempt to address these imbalances and renegotiate trade deals. Tariffs are tools that governments can use to create leverage in trade negotiations. Historically, tariffs have been used as a form of taxation on imports, dating back to the Roman Empire and becoming prominent in the mercantilist policies of the 16th and 18th centuries. Economist Adam Smith, known for his book Wealth of Nations, argued that tariffs can disrupt free trade, but he noted 2 exceptions: protecting industries critical to national security and counteracting tariffs imposed by other nations. These points remain relevant in modern trade discussions. When examining trade surpluses and deficits globally, China leads with a significant surplus, while countries like the U.S., UK, and India experience deficits. Tariffs can serve as leverage to balance these relationships and ensure fair trade practices. Understanding tariffs and trade negotiations is key to grasping how governments seek to protect their economies and industries in a globalized world. Source: Patrick Bet-David , @ValuetainmentTV
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President Trump’s tariff program is shrinking our trade deficit, which hit a 16-year low in October.
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.President Donald J. Trump: "You have other countries that are only there because of us... they have massive purchases from us, and we have deficits with them. And the tariffs have brought that back a long way. Our trade deficit is down 68% in one year. Think of that!"

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