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The anti-Trump trade narrative continues in the WSJ, regardless of the Rate Topic: -----

#1 User is offline   pepperonikkid 

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  Posted 08 January 2019 - 09:52 PM

The anti-Trump trade narrative continues in the WSJ, regardless of the data



https://www.americanthinker.com
By Jack Hellner
January 8, 2019



Article:

Yesterday, the Wall Street Journal published an opinion piece, "In America's Absence, the TPP Goes On," moaning how Trump's withdrawal from TPP has hurt exporters. But somehow it left out information about how total exports are actually doing. (It must be an innocent oversight and not based on any agenda.)

If the WSJ would look at actual total exports, the paper would see that they are up substantially year over year in every quarter of 2018 over 2017, and in 2017, they were up substantially over 2016 in every quarter.


https://www.americanthinker.com/images/bucket/2019-01/211384_5_.png

So how exactly are exporters being hurt if total exports are continually up? Especially since the worldwide economy is slowing.

The WSJ predicted that Trump's trade policies and tariffs would harm the economy and cause higher inflation. Neither is true. The economy is growing faster than any time since 2005 and import price inflation for November 2018 versus 2017 was only 0.7%, lower than the overall rate inflation.




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