Everything he touches turns to Cheeto dust.
Other than blowing up our alliances, coddling dictators, and consistently embarrassing two-thirds of the country with a stream of fatuous non sequiturs, Donald Trump has focused most of his attention on lowering the trade deficit.
So, just as he did with raising the USFL’s profile and remaking Atlantic City, he’s used his witchy Eye-of-Sauron gaze to destroy the one thing he was hoping to fix.
The U.S. trade deficit grew to $621 billion in 2018, its highest level since 2008, according to a Commerce Department report released Wednesday that was delayed by the government shutdown.
The big picture: President Trump has made reducing the nation's trade deficit — especially with China — a major goal of his administration. However, the report showed a record-breaking $891.3 billion trade gap for the U.S. in goods and services and a trade deficit with China for goods that hit a record $419.2 billion.
Well, that gap will probably shrink as soon as we enter the recession he’s doing his best to cause. And that’s when we’ll see a series of unhinged tweets about this, because the stock market and unemployment rate will pretty much be off the table.
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