World view – Wednesday

Tuesday GMT

WorldWatch2

For posting on events, news, opinions and anything of interest from around the world.

2 Comments

  1. Blazer

     /  April 17, 2019

    worth a look…Assange

  2. Blazer

     /  April 17, 2019

    Trumpanzees…read this and…

    ‘President Trump’s America First policies are not having their intended effect.

    The Commerce Department reported Wednesday the U.S. posted a more than $891 billion merchandise trade deficit last year—the largest in the history of the country.

    Significantly, the trade deficit with China hit a record $419 billion, despite a series of tariffs the administration imposed on Chinese goods to decrease reliance on imports.

    Meanwhile, the overall goods and services deficit jumped 19% between November and December 2018, to $59.8 billion, the highest monthly trade deficit in 10 years.

    The data shows that Trump’s America First policies to close the trade gap haven’t had their desired effect. Americans are importing far more from abroad than they are exporting—imports grew 7.5% while exports increased only 6.3%.

    What’s more, Trump’s $1.5 trillion tax cut enacted in late 2017 served to further fuel the deficit. The government had to borrow to pay for the cut, and some of those dollars came from foreign investors.
    Link’