Literally everyone with passing knowledge of economics disagrees. That's just not what trade deficit means.
this post was submitted on 16 Feb 2025
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Both Trump and Musk have degrees from the supposedly reputable Wharton School of Business at the University of Pennsylvania.
If these two are evidence of their quality of graduates, it really raises questions about whether it was another US institution where ‘legacy’ and money buy admissions and it’s impossible not to graduate.
Trade deficit means you’re getting more stuff than the other side is.
He’d rather have the dollars than the stuff?
What are you gonna spend the dollars on if there’s no stuff?
Isn’t “too many dollars chasing too few goods” the textbook definition of inflation?
He’d rather have the dollars than the stuff?
I suspect that's exactly the case. He sees money as an end rather than a means. A regrettably common disease.
Like any common capitalist. Money is all.
Typical capitalist
He’d rather have the dollars than the stuff?
No, he wants both. That's why he doesn't pay his bills.
The chart there says 4 million barrels per day, so multiply that by 50 dollars a barrel times 365 days a year... 73 billion dollars, larger than the entire US trade deficit with Canada. If they want to eliminate it, all they have to do is stop buying oil.
All of this bullshit because some fucking guy couldn't properly set his windage.
Maybe he was a time traveller sent back to fix things, but the travel sickness got to him
a $200B subsidy
That's not how trade works. One side has something the other side wants. They agree to make an exchange.
Both sides win.
That's how Trump thinks, though. Every transaction is zero sum to him.
I'm also convinced saw the "deficit" part of "trade deficit" and either automatically assumed it was bad thing or knew he could convince low-information voters that it was.
Or maybe he is a dumbass and someone on his campaign staff was the crafty one.
I want you all to know that I blame the American voters for this. I mean those that abstained or voted Republicans. I curse you all.
Did you a word out?
I did! Thanks 😂
Weird, you mean a country with a smaller population imports fewer things?
It's more like Canada produces a lot of the raw goods America consumes while being more self sufficient in manufacturing.
A larger population should be what creates a trade surplus, if anything, as citizens of industrial societies almost always produce more than they consume. And they consume a lot.
I feel like I've seen "Trump claims--Experts disagree" a lot lately
Yep, Americans are that stupid that they pay Canada and them get nothing back in return and they're all fine with that!
Of course this isn't the case, but the average American is dumb enough to do this
this is starting to sound like sovereign citizen stuff.
I subsidize my credit cards.
Time to invade MasterCard!