The Idiot-in-Chief is at it again.

Oh, don't flatter yourself, that too has been posted many-many times, even the name Sanders has come up also Actually every conceivable Impeachment scenario has been wore out here. I think my fav is the one where he should be Impeached because he is a wife beater!

You under estimate your fellow campers, if anything, they are creative and real busy bloggers

 

So we all better stock up before the prices go sky high. Hey, will this have an adverse effect on Trump's voting base?

 

The Apple iPhone shows that Trump is misreading trade deficits and what they mean

https://www.cnbc.com/2018/06/19/trump-is-wrong-on-tariffs-and-trade-just-look-at-his-iphone.html

"President Donald Trump's threat to impose steep tariffs on Chinese exports to the U.S. would probably inflict a lot more harm on American consumers than it would on China.

To see why, you have to understand how Trump's policy apparently misreads the reasons the U.S. runs a trade deficit in the first place.

"Last year, we lost $500 billion on trade with China," Trump said, erroneously, at a March 23 news conference. "We can't let that happen."

To begin with, Trump's math is off — by more than $100 billion.

A trade deficit occurs when the value of imports is greater than the value of exports, in terms of both goods and services.

Last year, the U.S. imported roughly $505 billion of Chinese goods and shipped about $130 billion back, a difference of around $375 billion.

And Chinese-made products like his iPhone, for example, represent a big part of that deficit, even though many of its most valuable parts come from other trading partners."

 

Do you believe a $375 billion trade deficit is a good thing?

 

Do you?

 

Absolutely. Now you?

 

What I know is, based on his comments, Don is misreading what a trade deficit means. His interpretation that a deficit means we are somehow "losing" is abjectly false.

 

What I know is whether it is $500 billion or $375 billion, it is a very large trade deficit which is hurting us.

If you don't think $375 billion is sufficiently large to hurt us, how large does it have to be?

 

Do you have a problem with a prez setting policy on something as consequential as trade without a fundamental understanding of what a trade deficit represents?
Economists Say Trump Seems To Misunderstand Significance Of Trade Deficit

https://www.npr.org/2017/04/05/5227...o-misunderstand-significance-of-trade-deficit

http://www.aei.org/publication/trump-still-doesnt-seem-to-understand-trade-or-trade-deficits/

 

I have a problem with a $375 billion trade deficit and the unwillingness to admit it is a problem.

Yes I wish Trump would quit exaggerating or whatever he is doing, but $375 billion is still a problem