Much of the information is difficult to understand and what I was able to find didn't always specify the year the information was compiled.
EDIT TO ADD:
"Agricultural products are a strategic export, at $131 billion. The industry benefits from government farm subsidies. That makes them lower-priced than foreign competitors. (The U.S. government's trade wars and tariffs have jolted the agricultural products market in 2019 because previous buyers are finding new suppliers.) The biggest agricultural exports are enhanced through bio-engineering and chemical additives. Both lower the cost of production. They are:
Soybeans ($20 billion): Mainly used for cattle feed and genetically engineered
Meat and poultry ($20 billion): Raised using antibiotics
As of 2023, the United States had a trade deficit of about 773 billion U.S. dollars. The U.S. trade deficit has increased since 2009, peaking in 2022. Most recently, 2023 marked the year when the U.S. trade deficit decreased on the previous year.
What is trade deficit?
A trade deficit is, quite simply, the total value of a country’s imports of goods and services minus the total value of its exports of goods and services. When a country exports more than it imports, it has a trade surplus, and when it imports more than it exports, it has a trade deficit. A trade deficit can mean one of two things: Either the country is failing to produce enough goods for its citizens, or its citizens are wealthy enough to purchase more goods than the country produces (as is the case with the United States)."
Products are made locally, sure. Not for the price or in anything like the quantity required to meet demand. When supply is low and demand is high, the price goes up. Basic economics - how in hell did you graduate from junior high?
This post was edited by Slartibartfast at November 11, 2024 5:45 AM MST
Companies were/are already moving their manufacturing out of China because of previous tariffs and they knew this was coming. Who do you think paid the tarriffs lat time? We certainly didn't have 25% inflation under Trump so it did not pass along to the customer.
:) The offical result was a loss. Kind of like when the ref makes a bad call that results in the weaker team winning the game.
But with the "loss" in 2020. Trump's second term now will have the Senate and the House. Something he would not have had in 2020.
This post was edited by my2cents at November 8, 2024 3:18 PM MST
As I have said, if he wouldn't have won in 2020, he would had the House or the Senate. But now he is going to have both and he has learned who the is MAGA and who is just a grifter establishment puppet.
Jane S 