Campaign promises to bring jobs back to the USA will hit its own 'Wall' when a rising dollar makes foreign manufactured goods even cheaper. Enacting or raising tariffs on the basis of fair or fairer trade will only make foreign goods that fill American stores and online outlets more expensive. The end result will be lower standard of livings for the majority and growing anger over another round of broken campaign promises.
Headline: U.S. trade deficit hits highest level in four years
The U.S. trade deficit rose slightly in 2016 to $502.3 billion, marking the highest level in four years and underscoring the difficulty the Trump administration faces in bringing the nation’s trade outlook back into balance.
The trade gap widened last year because exports fell faster than imports, the result of a weak global economy and a stronger dollar that made American products more expensive to foreign buyers.
Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.