Isn’t this how tariffs are supposed to work?

Advanced report on US International Trade in Goods, released today:

The advance international trade deficit in goods increased to $72.2 billion in July from $67.9 billion in June as exports decreased and imports increased.

So we impose tariffs on foreign goods, and we import more and export less.

Unfortunately, it makes sense. Companies are moving fabrication facilities out of the US so their cost of goods won’t be impacted by tariffs. This is how Trump creates jobs for Mexicans.

I suppose Trump saw the advanced numbers before release and that was why a deal was announced with Mexico yesterday. Can’t wait to see the details of the agreement.

I’m sure, for starters, that Mexico isn’t paying for a wall.

Trump is all about deficits – budget, trade, integrity, whatever.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.