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TFC Commodity Trading Forum

Re: tariffs and the market...
In Response To: Re: tariffs and the market... ()

You guys fail to understand that Trade Deficits are not a bad thing. With Trump, Its a way to tie in with his "America First" rhetoric and summon the base.He has successfully convinced anyone that supports him that we are being pounded and used by China ,But its his base that will get hit hardest. My claim is not a rally for China, It`s a rally for this country,Far be it from me to support China with its abuses.But A trade Deficit is NOT a bad thing as compared to a cost or budget deficit. It sounds that way so it works for The chest pounding "China is taking advantage of us stops now" is all that is. Chest beating, He is in over his head and WE will pay for it. This economics professor explains it: https://theconversation.com/why-trade-deficits-arent-so-bad-104358?fbclid=IwAR34FkkCJIkRsWM8IQBzhPSZF3OEeLnJo2x4HeCxooB8X4Hg-wEt4BIkD1E