The Tariffs Don’t Seem to be Working: Trade Deficit Soars in August
https://www.counterpunch.org/2026/10/06/the-tariffs-dont-seem-to-be-working-trade-deficit-soars-in-august/Open linkView original on lemmy.zipSyndicated from the fediverse. Read and engage on the original instance.
View original on lemmy.ziphttps://www.counterpunch.org/2026/10/06/the-tariffs-dont-seem-to-be-working-trade-deficit-soars-in-august/Open linkView original on lemmy.zip
15 replies
I thought the tariffs were working as designed?
Steal from everyone and give to the rich?
Right? Rich people are richer than ever. Seems like it's working perfectly.
Really? That's surprising because tariffs are known to be an almost foolproof way to fix any economy! /s
I keep hearing about parts shortages at work all related to steel so out of curiosity I looked up why.
Tarrifs and AI data centers... MAGA! ...
How can this be? Tiny-d donnie keeps saying we are in the golden age, with trillions of dollars in revenue just pouring in and it's been so great and he's going to apparently firehose all of us with (our own) money that is apparently just his to spend - if we vote Republican?
Are you saying that it's not changing the trade deficit?
The people with their hands up Trump’s shit encrusted asshole beg to differ.
What would “working tariffs” even look like in this context?
Trump wants the tariffs to reduce the trade deficit, and the trade deficit means the US spends more on imports than it gets from exports. Working tariffs would have reduced imports enough to bring them below exports.
Mind you, Trump has put tariffs on things there aren't domestic replacements for, and he's pissed off other countries enough that exports have probably gone down.
Okay so “effective in reducing the trade deficit” without any consideration of whether that is a worthy goal. Thanks.
Also, he has encouraged people in foreign countries to buy from anyone except the US, reducing US exports.
Maybe vote for a dumb clown you stupid fucks
Fuck Trump, but it's a bit early for tariffs to actually cause supply chains to adapt.
You don’t say.
Many people have also already found alternatives to the US based products they used to buy without a second thought. Add that to the fact that most major US brands are a literal sickening blight upon the earth, and it's going to be easy to stay away.
Oh Donny’s lining his pockets just fine alright