Gotcha…sorry but it was never Trump’s intention to $upport you

…Gotcha…sorry but it was never Trump’s intention to $upport you …

The First Casualties of the Trade War are Trump Supporters

The coming red state ruination is no accident, our partners are making a point, economic aggression affects us all

By Sam Natapoff / Salon……July 21, 2018, 6:38 AM GMT

For President Trump, all questions have simple answers: US “immigration laws are the weakest and worst anywhere in the world”, the Mueller investigation is a “Rigged Witch Hunt”, and “trade wars are good, and easy to win”. While many of Trump’s presidential actions will have negative consequences over time, for his burgeoning trade wars, the bills are already beginning to come due. They are high, they are primarily hurting states that voted for him, and they are harming business people who want to succeed as he did.

International trade is central to the US economy. In 2014 (the latest data available), trade represented an estimated 30 percent of US GDP and supported 41 million US jobs, up 300 percent from 1992.  In 2016, US exports alone supported an estimated 10.7 million U.S. jobs.  Small entrepreneurs play an outsized role in US trade, exactly the people businessman Donald Trump says he respects. In 2014 (the most recent available figures), small- and medium-sized US firms (SMEs) made up 98 percent of US exporters, 97 percent of US importers, and concluded one-third of all US merchandise trade. In fact, in 2014 US companies with0-9 employees exported $190 billion, 161 percent more than its closest G-7 competitor’s companies of the same size.

 

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