American businesses paid 50% more in tariffs in September due to Trump's trade war, industry coalition says

Really CNBC?

And how much did Trumps TAX CUT SAVE American Business?

Roughly by the same amount as it increases the budget deficit.

Funny how every individual in the US focuses on the budget, the politicians always talk about the budget when campaigning, but not one ever does a sing thing about the budget. Congress makes talking points about the budget, but not one congressperson actually does anything about the budget. It's almost like the budget doesn't matter. Almost as if the politicians know that people are comparing their simple home budge to the federal government. Unless one has a mini fed treasury inside their home or business, it's not really the same. So, it's almost as if the politicians want the people to continue focusing on the budget, because it doesn't matter much to them and they don't care anyway.

But I could be wrong.

Deficit in MILLIONS:

Obama (96 months)
$7,267,162 [ $75.699 BILLION dollars per month)

Trump (21 months)
$883,519 [ $42.072 BILLION dollars per month )

Hmm thats $4.4 billion a month costs to American Industry,(and rising @50% pm )+ the $12 Billion soybean subsidy announced in July..
And then we have the increased costs for American consumers.. who are having their Tax Cut bonus eaten away by higher prices.. while the the trade gap (which Trumps Tariffs are supposed to fix) INCREASED 1.3 percent to $54.0 billion, widening for a fourth straight month.
This Trade War thing is getting quite expensive for a vanity project that lacks congressional support.

For Information - and correction:
Source United States Census Bureau. (https://www.census.gov/foreign-trade/balance/c0004.html#2008)
Obama 96 months - average $58B PM
Trump 21 Months - average $68B PM

Maths 101.

The only fact everyone is immune to...Gov is a 2 party system. One holds office (simbolically) the other destroys any and all attempts that is of any merit.

With the employment situation and business climate, who is really immune to facts sir?

I’m sure everyone checked the sources CNBC quoted from correct?
Reminds me of the commercial- how do you know it’s true? Because it was posted online and everyone knows that you can only post true stuff online lol.

That's TRADE deficit, NOT BUDGET deficit.

The discussion was about BUDGET deficit.

It will take DECADES to change the trade deficit. The USA has to first rebuild it's manufacturing base. Why would ANYONE blame Trump for the TRADE deficit?

Businesses will double the figure before passing it on to consumers.

STUPID PEOPLE ELECT STUPID LEADERS

https://piie.com/blogs/trade-investm...trade-deficits

https://www.cfr.org/blog/trumps-stim...s-trade-policy

Sorry Ken.. but like 80% of FF visitors/site-traffic we are traders/investors/analysts and have little interest in US domestic blame-game political discussion. Since the entire News Story is very specifically Trade Policy related, (Tariff Policy Cost).. I naturally assumed that was also the focus of the discussion. I certainly didnt want to become embroiled in the domestic fractious and political blame game about the impact of the 2009 Recovery act and Fed policy and its role in saving and re-priming the post-crash American economy albeit at the cost to the Budget Deficit.
Mea Culpa. sorry.