Donny’s repeating his first term economic mistakes. His tariff taxes have done nothing to reduce China’s trade surplus. He’s hurting farmers and making direct payments of tariff money to keep them afloat.
China’s Trade Surplus Climbs Past $1 Trillion for First Time
President Trump’s tariffs weren’t enough to hold back the global export flood by China, which pushed past last year’s record in just 11 months.
https://www.nytimes.com/2025/12/07/business/china-trade-surplus.htmlTrump Insists Tariffs Will Buoy the Economy. For Now, He’s on Damage Control.
The president rolled out a $12 billion bailout for farmers as he makes the case that his policy is working — or will soon.
https://www.nytimes.com/2025/12/08/us/politics/trump-trade-affordability.html
What does economics journalist David Wessel at the Brookings Institute think the Fed is going to do?