Excluding “Liberation Day” Tariff Distortions, Trade Deficit Biggest in History

Let's check in on Trump's Tariff Liberation policy.

Source: Mish Talk

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DW NOTE

The trade deficit hit a record $79.9 billion in August even before Liberation Day — Trump's own figures confirm the tariff policy failed before it officially started. When your signature economic programme produces the opposite of its stated goal before implementation, the problem isn't measurement distortion.

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