US imports decrease 19.8 % in April (yes, this is a record)

The imports of goods in the United States dropped a record number of 19.8 % in April, according to estimates that the US Department of Commerce issued on Friday. This decrease contrasts sharply with an increase of 5.7 % of imported goods in March, and is widely believed to be driven by American retailers and consumers who buy before President Donald Trump’s threats, which are expected to cause prices to rise.

New estimates indicate that America’s trade deficit with the rest of the world has narrowed 46 % to 87.6 billion dollars, according to L. MarketwatchMuch lower than $ 143 billion expected by economists. This must make President Trump very happy, because he is obsessed with commercial deficit. But this is not how a major economist appreciates the health of the American economy.

As countless economists indicated, the ordinary consumer suffers from a trade deficit with their barber or the local grocery store, but this does not mean that your barber is stealing from you, as Trump described global trade relations. This means just that you bought something, and it is assumed that you are better for that.

President Trump announced for the first time an incredibly high tariff April 2And, which was called “Liberation Day”, including 10 % global tariffs in all fields on all goods coming to the country. Trump’s tariff on goods coming from China increased to 145 % at some point, but this was reduced to about 30 % on most commodities after the president and negotiations from China agreed to a framework for negotiations to continue. But Trump reversed his position again on Friday, accusing China of violating the agreement without providing evidence.

“Two weeks ago, China was in dangerous economic danger!” Trump wrote about the social truth Friday morning. “The very high definitions it identified made it almost impossible for China trading in the United States market, which, to a large extent, is the number one in the world. We have in reality, Turkey, cold with China, and it was destroyed for them.”

Trump went on to claim that “many factories” had been closed and there were “civil disturbances” in China about the trade war, none of them is true. But Trump insisted that he had a deal to help China in this position.

“I saw what was happening and did not like them, not for us.” Because of this deal, everything settled quickly and China returned to work as usual. Everyone was happy! This is the good news !!! Bad news is that China, perhaps not surprising to some, has completely violated its agreement with us.

Again, Trump did not explain how China is supposed to violate the deal. But the American commercial actor, Jameson Jarir told Wall Street Journal On Friday, the administration believes that China was “hesitant” in approval of rare land materials exports.

The president’s tariff has not only changed based on what he feels on any specific day, and it is currently being carried out. On Wednesday, the International Trade Court ruled that the Trump tariff was Uncommon Because Congress only has power under the US constitution to impose definitions. Trump argues that he has emergency powers for definitions, and on Thursday the Court of Appeal ruled that the definitions may remain while hearing the case.

Trump is also trying to pass a budget bill through the Senate, with the aim of very ambitious is to sign it on July 4. But the draft law, which has already passed the house, includes a $ 800 million reduction to Medicaid and will serve as a bulletin for the wealthy, as most analysts believe. The Senate is also resistant to raising the salt discount, which occurred at the last minute in the draft law of the House of Representatives thanks to the Blue State Republic who do not like these components in higher tax states such as California and New York by deleting more governmental and local taxes on their federal returns.

The draft law will also add to the federal deficit, but the White House insists that the economic “growth” that will be launched by the bill will pay for itself in this regard. Trump is wearing a non -party budget office on Friday, claiming that he is “controlled” by Democrats and that his evaluation of the draft law did not explain all this promised growth.

Trump wrote about the estimates of the Central Bank of Oman: “The information they recently issued is more absurd and cannot be defended.” Social truth. “I expect that we will do 3, 4, or 5 times the amount they had intentionally did” for us “(1.8 %), and thanks to our expected growth by only 3 %, we will make more than compensate for our tax cuts (which will not cost us, in fact, any money!).

Wall Street has reached a new shortcut this week called Taku (“Trump is always preparing out”) referring to the president’s habit in providing ground threats on customs tariffs and expanding its scope in the end. Trump was asked about Taco at a press conference this week, and it was clear that he was under his skin. “Don’t say what I have never said,” Trump said correspondent. “This is a bad question.”