EconAir

    SUMMARY AND UPDATE (12/2025) America's trade deficit was $918 billion in 2024. It is expected to be higher in 2025. China's goods trade surplus in 2024 was just under $1 trillion; based on the first eleven months of 2025, it will be over $1 trillion in 2025. The sharp decrease in exports to the United States has been less than China's increase in exports to the rest of the world. Exports to countries in Asia and Africa were substantially higher . President Trump has partially rescinded the U.S. ban on exporting high-end Nvidia chips to China. The price is that Nvidia has to give part of the sales revenue on these chips to the U.S. government. Trump is negotiating similar deals with the other American chip designers and producers.   TRUMP'S TARIFF STRATEGY The Trump tariff offensive is couched in domestic economic terms and objectives – to reduce the trade deficit, to reduce the fiscal deficit, and to increase domestic manufacturing, especially in technologies with ...

I HEARD THE NEWS TODAY THESE ARE NOT SATIRES. TRUMP AND HIS OFFICIALS ARE TRYING TO PUT ME OUT OF BUSINESS!   President Trump has extorted over $200 million from large corporations and cryptocurrency entrepreneurs to build a ballroom onto the White House. It will hold 999 people.  The ballroom’s windows will be bullet-proof, which I think is a perfect symbol of the Trump presidency. The men who financed it will be invited to its inaugural dance “if I still like you.” Sounds like a bad gangster movie. Update on the ballroom. It will be twice as large as the White House. It will cost $400 million, four times as much as the original estimate. The names of the contributors are secret, probably to protect them from their stockholders. Right now it's just a big hole in the ground. A federal judge has ruled it can't be built without Congressional  approval. Its design contains a staircase that goes nowhere. President Trump has said the ballroom will be a symbol of his administra...