The US trade deficit shows the structural weaknesses of the US economy, which is obviously unable to produce essential goods itself at a competitive price. Which is not surprising given their shitty education system.
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The austerity policy, which is intended to frighten everyone who still has a job, #Trump 's cancellation of subsidies, which is hitting the #MAGA base particularly hard (greetings to Alabama), will initially lead to a weakening of domestic demand.
That said, there are some nice financial market bubbles in the US market: credit card debt and real estate. The #Trump Administration is accelerating the inevitable end of American Exceptionalism.
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