The Tariff War is getting much worse with worse yet to come

Investment Analysis Clubs Macro Economic Trends and Risks
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And now it is over between the US and Canada. Mexico will follow.

A new round of Nafta negotiations.

China won’t be so lucky. China is the only real problem. Their military build up completely depends on the surplus they run with us. That has to stop.

The trade war with China alone will bring down the global economy.

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In 2024, the US had notable trade deficits with China ($295.4 billion), the European Union ($235.6 billion), and Mexico ($171.8 billion), among other countries.

Here’s a breakdown of the top US trade deficit partners in 2024:

  • China: The US recorded a trade deficit of $295.4 billion with China.
  • European Union: The US had a deficit of $235.6 billion with the EU.
  • Mexico: The US trade deficit with Mexico was $171.8 billion.
  • Vietnam: The US deficit with Vietnam reached $123.5 billion.
  • Ireland: A deficit of $86.7 billion with Ireland was recorded.
  • Germany: The US trade deficit with Germany was $84.8 billion.
  • Taiwan: The US trade deficit with Taiwan was $73.9 billion.
  • Japan: The US trade deficit with Japan was $68.5 billion.
  • South Korea: The US trade deficit with South Korea was $66.0 billion.
  • Canada: The US trade deficit with Canada was $63.3 billion.
  • India: The trade deficit with India was $45.7 billion.
  • Thailand: The US trade deficit with Thailand was $45.6 billion.
  • Italy: The trade deficit with Italy was $44.0 billion.
  • Switzerland: The trade deficit with Switzerland was $38.5 billion.
  • Malaysia: The trade deficit with Malaysia was $24.8 billion.
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Note

China won’t gracefully move to supply side economics.

The EU has been moving to supply side economics.

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So they get what they paid for?

Steve