WFB: The U.S. trade deficit topped $1 trillion for the first time last year, according to Market Watch.
The deficit jumped from $893.5 billion in 2020—the nation’s previous record—to $1.08 trillion in 2021. The United States’ economic recovery from the coronavirus pandemic has outpaced other nations, spurring increased demand. But Americans have tended toward buying more foreign goods as U.S. businesses have struggled with supply chain shortages caused by worker illness due to COVID-19 as well as government-imposed restrictions and mandates. read more
Shut down small businesses and let big retail remain open. Let’s Go Walmart and Let’s go Amazon.
It couldn’t possibly be all the PPE and tests being bought and passed out FOR FREE all made in China etc.
Trillion for what? The shelves are empty.
Lazy-ass kids don’t wanta work anymore, spoiled rotten by their parents, they want everything handed to them. Manufacturing jobs are a dying breed, kids don’t want to get their hands dirty. A lot of this is our own damn fault for pushing jobs overseas. This started with Nixon wanting to do trade business with China, that worked rather well didn’t it.
Fuck up FASTER & FJB!!!
If only there was some type of Black Liquid Fuel that the rest of the world needed that was made in North America, transported in welded pipes, and exported for profit.
But alas, such a miracle source of trade surpluses does no exist.
KCIR.
I now you guys spell color and labor differently. Do you spell sarcasm the same?
You sure do it the same!
Jarhead,
My daughter bought me a Daffy Duck T-shirt that said,
“Sarcasm, just another service I offer”