How Trump Lost His Trade War - The Atlantic
How Trump Lost His Trade War - The Atlantic

When the U.S. breaks its treaties, only China wins.

cross-posted from: https://lemm.ee/post/54805138
How Trump Lost His Trade War - The Atlantic
When the U.S. breaks its treaties, only China wins.
cross-posted from: https://lemm.ee/post/54805138
In 2024, the U.S. ran a trade deficit with Canada of about $55 billion. That same year, it ran a deficit with Vietnam of about $123 billion, more than twice as much, and with Thailand of about $46 billion
Definition of trade deficit: someone accepted more of your made-up money (AKA, credit-backed fiat) in exchange for actual goods and services.
...and your leaders make you believe that's somehow bad for you 🙄
Keep up the good work, Trump! Soon you’ll unlock the coveted “economic disaster” achievement. Once that happens, you better start printing dollars, because Hungary still holds the record of 4.10*10^16 % inflation rate.