- Joined
- Dec 4, 2013
- Messages
- 35,367
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- Political Leaning
- Liberal
[h=1]Reuters: U.S. trade deficit hits 10-year high; private hiring slows[/h]
I just can't remember who said, "trade wars are good and easy to win." I hope he has another realization, like the one that he had about health care ("who would have known that health care could be so complicated.")
I am sympathetic that rapid growth in globalization has hurt some American workers, and an import surge after 2000 disrupted industries and communities. But a Trump's trade war is only exacerbate the damage.
Another example of getting tired of winning.WASHINGTON (Reuters) - The U.S. trade deficit jumped to a 10-year high in October as soybean exports dropped further and imports of consumer goods rose to a record high, suggesting the Trump administration’s tariff-related measures to shrink the trade gap likely have been ineffective.
Other data on Thursday showed private employers hired fewer workers than expected in November, pointing to a moderation in the pace of job growth. That was reinforced by another report showing a small decline in the number of Americans filing claims for unemployment benefits last week.
I just can't remember who said, "trade wars are good and easy to win." I hope he has another realization, like the one that he had about health care ("who would have known that health care could be so complicated.")
I am sympathetic that rapid growth in globalization has hurt some American workers, and an import surge after 2000 disrupted industries and communities. But a Trump's trade war is only exacerbate the damage.