As I have stated repeatedly: mathematically, the US is bound to run a trade deficit.

Budget deficits and trade deficits are linked. For discussion of real world math, please see Trump is Clueless About Trade.

For even simpler math, please see Kindergarten Arithmetic 101: Analysis of the Trade Debate.

In regards to steel employment, I present the Foolishness of Trump's Steel Tariffs in One Image.

However, I am now so sick of this nonsensical debate, I am ready for action.

Let's get down to business. And if it doesn't work, double down. Just Do It.

Cease all foreign trade. Tax China and Europe. Halt all car imports.

Dear President Trump, prove you are right or wrong.

Mike "Mish" Shedlock

Trump's Trade War With China: The US is Not Winning

Think trade wars are easy to win? Think again.

Budget Deficit Lies: What's the Real Deficit?

The Office of Management and Budget announced a 2019 budget deficit of $984 billion. What is it really?

China Strikes Back: US Pig Farmers Bear Brunt of Trade Retaliation

In Trump's "easy to win trade war" script, US farmers will suffer from China's initial response.

Mission Impossible: Tariffs Didn't Reduce the Trade Deficit (Deals Won't Either)

Trump is on an impossible mission. Tariffs will not reduce the trade deficit and will likely make matters worse.

Trade Deficit Widens Despite Tariffs: Record Deficits With China, Mexico

Today's trade report will set off hows from trump. Imports up, exports down. Record deficits with China and Mexico.

Who Will Win the Trade War? Some Say China, Others Say Trump

Stories abound regarding who will win Trump's trade war with China. Trump? China? Neither? Both?

Trade War With China Morphs Into Currency War: Biggest Loser is the EU

Those who think "trade wars are good and easy to win" need to stop and reflect on currency wars.

Surefire Way to Reduce the Trade Deficit: Have a Recession

Trump is desperate to reduce the trade deficit. Perhaps his trade policies will do just that, via global recession.

Not Winning: Collapse in Global Trade Escalates, Imports -2.7%, Exports -4.0%

Those who claim that Trump has already won or is sure to win the trade war need to ponder actual trade results.