youtube.com/watch?v=OYOP_LH4LB…
US Trade Deficit EXPLODES 94.6% - Trump's Tariffs Cause Economic Disaster
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Catweazle
in reply to esceptico-humanista-uu • • •@prosario2000
Nanook
in reply to Catweazle • — (Shoreline, WA, USA) •@Catweazle @esceptico-humanista-uu For whatever good or bad Trump has done around the world, your investment in wasted electricity is not high on my list of concerns. Blaming the trade deficit on Trumps tariffs is putting the carte before the horse. The tariffs were put there because perceived trade unfairness was already perceived.
The truth that nobody wants to address is that the high cost of energy has gutted our manufacturing base, most nations have become food self-sufficient, and so we have little left to trade. Blaming Trumps tariffs for that is non-productive because it doesn't address the heart of the issue, and Trumps tariffs are also non-productive because they don't address the heart of the issue.
If we want to resolve this was have to invest heavily in energy infrastructure, the most viable immediate sources of non-fossil base load power is nuclear, and the safe option that doesn't produce long term waste but instead consumes it are molten salt breeder reactors.
Aside from that here is a real export value chart, not a value of a crypto currency chart:
As you can see exports were not DOWN 95%, they were UP.