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ThinkProgress: Trump confidant dumped millions in steel-related stock last week (Also the Trade War thread)


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Trade deficit is up under Trump.

 

Partly, has nothing to do with Trump.  A better economy means more money for people to spend means more imports, but exports are also down and given much of the rest of the world is doing well economically, that can be tied at least partly to the trade war.

 

https://www.reuters.com/article/us-usa-economy-tradefigures/u-s-trade-deficit-surges-to-five-month-high-as-exports-fall-idUSKCN1LL1ME

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https://www.nytimes.com/2018/10/05/business/surprising-truths-about-trade-deficits.html

 

"All this isn’t to say that the president’s policies are necessarily misguided. The tax bill should be interpreted on its own merits — whether it makes the tax system fairer and more efficient and whether it brings in enough revenue to finance the government. And each regulatory change should be evaluated based on its costs and benefits.

 

What these policies do to the trade deficit is, at most, a secondary concern. In many ways, the trade deficit is a fake problem. Our elected leaders should look elsewhere to gauge the success of their policies."

 

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On 10/17/2018 at 5:06 PM, visionary said:

 

 

"Republican presidential candidate Donald Trump pledged Tuesday to declare China a currency manipulator on his first day in office, breaking with at least 20 years of presidential restraint in that area to force Beijing to the negotiating table."

 

https://www.politico.com/story/2015/11/donald-trump-china-currency-manipulation-215679

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31 minutes ago, PeterMP said:

 

"Republican presidential candidate Donald Trump pledged Tuesday to declare China a currency manipulator on his first day in office, breaking with at least 20 years of presidential restraint in that area to force Beijing to the negotiating table."

 

https://www.politico.com/story/2015/11/donald-trump-china-currency-manipulation-215679

 

His family got some nice business trade offs. Ivanka got a bunch of trademarks suddenly as an example. All out in the open bribery.

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Don't worry.  

 

I'm sure that the Trump administration won't issue any H1-B visas to Chinese workers to come to Wisconsin and fill those jobs.  

 

----

 

Although, snark aside, "tight labor market" at least might actually be a good sign.  I'm not holding my breath.  I'm pretty sure that corporations will simply lean on Washington, who will tilt the bargaining table further in their favor, to avoid the dreaded possibility of maybe American wages going up.  But I wouldn't mind being wrong on this one.  

 

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