{"id":62044,"date":"2025-12-12T15:55:01","date_gmt":"2025-12-12T20:55:01","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=62044"},"modified":"2025-12-12T15:55:01","modified_gmt":"2025-12-12T20:55:01","slug":"policies-have-consequences-14","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=62044","title":{"rendered":"Policies Have Consequences"},"content":{"rendered":"

On Thursday, The Epoch Times<\/a> posted an article about America’s trade deficit in September.<\/p>\n

The article reports:<\/p>\n

President Donald Trump\u2019s tariffs helped shrink the U.S. trade deficit to its lowest monthly level in more than five years, according<\/a> to new data released by the Bureau of Economic Analysis on Dec. 11.<\/strong><\/div>\n

The U.S. goods and services trade deficit narrowed by 10.9 percent in September to $52.8 billion\u2014the lowest monthly deficit since June 2020\u2014down from $59.3 billion registered in August.<\/strong><\/p>\n

Economists polled by Reuters had forecast a September trade deficit of $63.3 billion.<\/strong><\/p>\n

The article notes:<\/p>\n

Trump\u2019s tariffs helped narrow the trade gap with other major U.S. trading partners, including China and India.<\/strong><\/p>\n

The goods deficit with China tumbled by $4 billion to $11.4 billion in September. Exports climbed by 0.2 percent to $8.8 billion, while imports fell by $3.9 billion to $20.1 billion.<\/strong><\/p>\n

The United States\u2019 merchandise deficit with India also narrowed<\/a> by about $1.8 billion to $3.05 billion.<\/strong><\/div>\n

U.S. and Indian delegations have been engaged in negotiations to iron out a bilateral trade agreement.<\/strong><\/p>\n

The article concludes:<\/p>\n

\n

Updated projections from the Congressional Budget Office suggest that enacted tariffs this year will generate $2.5 trillion of revenue, excluding dynamic effects. This is down from the August estimate of $3.3 trillion.<\/strong><\/p>\n

There is still uncertainty, Congressional Budget Office Director Phillip Swagel said.<\/strong><\/p>\n

\u201cThe United States has not implemented increases in tariffs of this size in many decades, so there is little empirical evidence to guide our estimates of their long-term effects,\u201d Swagel said in a Nov. 20 report. \u201cConsumers and businesses could be more or less responsive to increases in tariffs of this size, which would cause trade and revenues to diverge from projected amounts.\u201d<\/strong><\/p>\n

The overall average effective tariff rate is 16.8 percent, the highest rate since 1935, according to The Budget Lab at Yale.<\/strong><\/p>\n

When America began, the government was funded by tariffs. At that point the government was following the U.S. Constitution and had not yet become the bloated mess that it is today. The federal government was limited to doing the things the U.S. Constitution allowed it to do. That is not the case today. We can’t just slash and burn the bureaucracy without serious consequences, but we can institute the cuts that the Department of Government Efficiency (DOGE) identified. The tariffs can help with the deficit, and cutting spending could help with the deficit. We need to unelect the people who are fighting the tariffs and the spending cuts.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On Thursday, The Epoch Times posted an article about America’s trade deficit in September. The article reports: President Donald Trump\u2019s tariffs helped shrink the U.S. trade deficit to its lowest monthly level in more than five years, according to new … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[10974,17881,18849,12407],"class_list":["post-62044","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-congressional-budget-office-cbo","tag-president-trumps-tariffs","tag-september-trade-deficit","tag-the-epoch-times"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/62044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62044"}],"version-history":[{"count":3,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/62044\/revisions"}],"predecessor-version":[{"id":62055,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/62044\/revisions\/62055"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}