You may have heard, by this point, that the stock market is super-duper important and sure evidence of Donald Trump’s greatness, unless it goes down in which case shut up.
You may have heard that budget deficits are very bad things and a sign of presidential failure, unless Donald Trump’s party blows a trillion-dollar hole through that budget, in which case (say it with me) also shut up.
You may have heard that the Syrian government would never dare use chemical weapons on its own people, when the idiot manchild was in charge; you may have heard that terrorists would be too afraid of idiot manchild’s stern public speeches to dare continue terrorizing. You may have heard a lot of things, all bullshit.
One of the other things Donald Trump insisted was the end of America, during his campaign of Repeating Things Fox News Told Me, was the trade deficit. He has spent a great deal of toilet time rage-tweeting about this, in fact.
I presume you can guess the punchline here.
The U.S. trade deficit increased more than 12 percent in 2017, to $566 billion — its highest level since 2008, according to figures released on Tuesday by the Commerce Department.
The trade deficit with China rose to a record $375 billion in 2017, and trade gaps with Mexico, Canada and Japan also increased.
Yes, he was bullshitting the whole time. The trade deficit is a function of the national and world economy; it is not necessarily catastrophic or even bad to begin with; it is not something that an idiot manchild can switch on or off—unless the idiot manchild bars trade entirely, which he has vaguely threatened from time to time.