Trump’s ‘Easy’ Trade War: A Report From The Front

The following article by David Cay Johnston was posted on the DCReports.org website August 21, 2018:

Our Trade Deficit Has Grown Worse While China Finds New Suppliers and Markets

Reports are coming in from the first skirmishes in Donald Trump’s gratuitous trade war. They show our country is losing these early rounds of what China calls “the biggest trade war in economic history.”

“Trade wars are good and easy to win,” Trump declared in a March 2, 2018, tweet. So far that’s not how it’s gone.

Among the reports from the frontlines of this economic battleground is this gem — America’s trade deficit in goods has worsened significantly since the first of this year, Census Department data show: Overall 7% worse. China 9% worse. Europe 16% worse.

View the complete article here.