The Trade deficit is greater than it has been since Obama's presidency. Donald Trump scores a very bad fail on the trade deficit because he promised to turn it around while he has actually made it worse. Donald Trump is underperforming Obama who rescuing the US economy from Bush's recession while Donald Trump was handed a growing economy from Obama and has failed on all counts. Furthermore, the trade deficit with other countries has also grown because Donald Trump has been so focused on China he forgot to address trade deficits with other countries. Covid19 has caused imports to fall by 11.4% but exports have fallen even more by 20.1%. Donald Trump is clueless and feckless about economics and finance. https://www.forbes.com/sites/chuckj...g-on-reducing-the-trade-deficit/#2bbef1fd5f39
Ivanka got her Trademarks, it's all good to Trump Ivanka meets with China on white house business, they give her Trademarks as a gift? "Ivanka Trump Wins China Trademarks, Then Her Father Vows to Save ZTE" https://www.nytimes.com/2018/05/28/business/ivanka-trump-china-trademarks.html "six days before the ZTE announcement, China said it approved five of Ms. Trump's trademarks, according to data from China's trademark office."
Some people keep screaming about the "great" Trump economy ... hell, Trump's GDP numbers were never as good as Eisenhower's, Kennedy's, Carter's, Reagan's, Clinton's ... even before Covid.
For as long as Boeing is not selling any planes overseas, we have lost our highest dollar volume export. That may prove to be a vey long time unless air travel suddenly picks up.
Trump was increasing debt growth and budget deficit at >2 x GDP growth. Trump's economy was an illusion, a bogus bubble doomed to failure. If the average person borrowed $1 and earned only $0.50 from investing that $1 they would quickly go broke. The government debt is exploding and could cause a very sharp reduction in the exchange rate of the US$.
