“Candidate Trump campaigned on wiping out the yearly federal deficit, the governments $19 trillion in total debt and reducing the trade deficit. Reality is harsher than campaigning, especially when President Trump signed a huge corporate tax cut (which contained a minor cut for individuals). This has led to the federal deficit on track to reach $1 trillion per year.”
“Trump has talked loudly but delivered little real results when it comes to impacting trade. Under his watch the trade deficit has grown over $100 billion, going from $502 billion in 2016 to $621 billion in 2018, an increase of 19%. The deficit for Goods has increased $140 billion from $751 billion to $891 billion. At its current pace, the Goods deficit could also hit $1 trillion in 2020