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AndJusticeForSome

(537 posts)
Fri Aug 3, 2018, 04:02 PM Aug 2018

Didn't Trump say the trade deficit fell?

At most recent rally, said "why doesn't the news cover that?

"For the first time, maybe ever, the trade deficit just fell by $52 billion for the quarter. Nobody reports it."

But didn't he get it exactly wrong?

Per WaPo today:

"For the first half of 2018, the trade deficit in goods and services hit $291.2 billion, the federal government reported Friday, which is higher than last year and puts the nation on track to have the largest annual deficit since 2008."

Ah, here's the explanation:

"Trump stood outside the White House a week ago and declared victory that he had reduced the trade deficit in the spring, but the figure he was using to make that claim was that there was a slight reduction in the trade deficit from the first quarter of this year to the second quarter. He left out the fact that the first quarter deficit was the highest since before the financial crisis."

https://www.washingtonpost.com/business/2018/08/03/trump-hates-trade-deficit-its-track-be-biggest-decade/

He is such a scumbag.


ETA: detail

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