JM Rieger @RiegerReport Video Editor, The Washington Post • [email protected] Nov. 28, 2018 1 min read

My latest for @thefix:

President Trump last month directed advisers to craft a plan to reduce the federal deficit, even as he has relied in part on increased deficit spending to boost the economy.

 https://www.washingtonpost.com/politics/2018/11/27/inconsequential-illegal-all-ways-president-trump-has-suggested-cutting-deficit/?utm_term=.82f1de4701e2 

Over the past 8 years, Trump has floated no fewer than 14 proposals — ranging from inconsequential to illegal — to pay off the debt.

And as Trump has told aides to reduce deficits, he has floated proposals that would expand them.

 https://www.washingtonpost.com/politics/2018/11/27/inconsequential-illegal-all-ways-president-trump-has-suggested-cutting-deficit/?utm_term=.82f1de4701e2 

Trump also falsely believes reducing trade deficits will help reduce the federal deficit.

Trump last month on this:

“It’s literally first grade business, it’s so simple.”

 https://www.washingtonpost.com/politics/2018/11/27/inconsequential-illegal-all-ways-president-trump-has-suggested-cutting-deficit/?utm_term=.82f1de4701e2 

Trump has said his policies would help the stock market rise and trade deficits fall.

So far this year, the opposite has happened:

The trade deficit is at its highest level in a decade and the stock market has wiped out all gains for 2018.

 https://www.washingtonpost.com/business/2018/12/06/trumps-two-favorite-metrics-economy-are-both-failing-him/?utm_term=.fefd83e1cd50 

The Commerce Department said Wednesday that — despite more than two years of President Trump’s “America First” policies — the United States last year posted a $891.2 billion merchandise trade deficit, the largest in the nation’s 243-year history.

 https://www.washingtonpost.com/business/economy/trump-promised-to-shrink-the-trade-deficit-instead-it-exploded/2019/03/05/35d3b1e0-3f8f-11e9-a0d3-1210e58a94cf_story.html?noredirect=on&utm_term=.31f4fee5ce93 

The trade gap with China also hit a record $419 billion.

“Economists say the trade deficit is swelling because of broad economic forces, including [rising debt] that was exacerbated by last year’s $1.5 trillion corporate and personal income tax cut.”

 https://www.washingtonpost.com/business/economy/trump-promised-to-shrink-the-trade-deficit-instead-it-exploded/2019/03/05/35d3b1e0-3f8f-11e9-a0d3-1210e58a94cf_story.html?noredirect=on&utm_term=.31f4fee5ce93 

Trump on tariffs at CPAC last weekend:

“Billions of dollars, right now, are pouring into our Treasury.”

 https://www.washingtonpost.com/business/economy/trump-promised-to-shrink-the-trade-deficit-instead-it-exploded/2019/03/05/35d3b1e0-3f8f-11e9-a0d3-1210e58a94cf_story.html?noredirect=on&utm_term=.31f4fee5ce93 

The U.S. trade deficits with Mexico and China have *increased* by billions of dollars during Trump’s presidency.  https://www.washingtonpost.com/politics/2019/03/06/not-only-did-trade-deficit-increase-it-increased-exactly-where-trump-said-it-wouldnt/?noredirect=on&utm_term=.7cbf54ca1ebd 

On May 10, Trump raised tariffs on $200 billion worth of Chinese goods from 10% to 25%.

On Wednesday, the Commerce Department said the trade deficit in goods and services increased by 8.4% in May to $55.52 billion.

 https://www.wsj.com/articles/u-s-trade-gap-widened-sharply-in-may-11562157465?mod=hp_lista_pos5 

This week, Trump said the U.S. would impose a 10 percent tariff on an additional $300 billion of Chinese goods starting Sept. 1.

For the first six months of 2019, the U.S. trade deficit rose 8 percent from the same period in 2018 to $316.3 billion.

 https://www.washingtonpost.com/world/asia_pacific/china-warns-of-retaliatory-measures-after-trump-threatens-new-tariffs/2019/08/02/9623728c-b4fc-11e9-acc8-1d847bacca73_story.html?utm_term=.c02430c7b426 


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