Promises, Promises, and More Broken Trade Promises
The U.S. Commerce Department announced this week that the 2017 trade deficit rose to the highest level since 2008, a biggest and best figure that no U.S. President would brag about, least of all Donald Trump, who pledged repeatedly and forcefully that he would slash the deficit – and fast.
It would be so easy, candidate Trump told workers in Monessen, Pa., on a June 28, 2016, campaign stop. Repeatedly, he promised those workers he’d get it done quickly. So quickly! “I know you have been through some very, very tough times,” he said, “but we’re going to make it better and we’re going to make it better fast, OK? Just watch.”
Steel, aluminum, and factory workers across America are still watching and waiting as their mills close and their unemployment benefits expire, even though Trump promised them quick action.
The Commerce Department reported the trade deficit rose 12 percent during Trump’s first year in office, that the goods deficit with China jumped 8 percent to a record $375.2 billion, that the overall non-petroleum goods deficit shot up to an unprecedented high of $740.7 billion. Those terrible numbers testify to an administration dawdling, not performing for American workers who voted for Donald Trump based on campaign promises of quick and easy action to cure bad trade.
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