02-05-2020, 08:48 PM
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#14
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Registered User
Join Date: Feb 2009
Posts: 7,725
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Quote:
Originally Posted by Pete F.
You're making the assumption that Floridaman has a clue about the effects of his actions.
WASHINGTON — The overall United States trade deficit shrank last year for the first time in six years as the American economy cooled, domestic oil production soared and President Trump waged an aggressive global trade war to rewrite America’s trading terms.
The trade deficit for both goods and services fell to $616.8 billion in 2019, down $10.9 billion from the previous year, according to data released by the Commerce Department on Wednesday.
Both imports and exports fell as American factory activity slowed and businesses and consumers felt the impact of tariffs imposed on China, the European Union, Canada, Mexico and other nations. Total American exports dropped $1.5 billion to roughly $2.5 trillion, while imports fell $12.5 billion to $3.1 trillion.
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I assume he does have a clue. Do you have a clue?
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