FatDuck3
Oct 6, 5:13 PM
$B $GLD $SLV $NEM $JNUG
The Commerce Department/BEA reported a
$105.6 billion goods-and-services deficit, up 13.7% from July, with imports rising 4.3% to
$420.8 billion and exports rising only 1.4% to
$315.2 billion.
It's "working" but just not in our favor & notice when or if the US imports shrink that US consumers will begin paying even higher prices for those goods:
Before tariffs:
$100
Imported with tariff:
$125
American-made replacement:
$175
Tariffs from this data aren't going to do it, to neither make American "rich" or pay down the national debt .
On Oct 10, 2026, Trump said that “You know, inflation, certain levels of inflation, will also pay off that debt very rapidly. Very rapidly.” Not like this & despite forcing Americans to pay more for imports, today's trade deficits are LARGER THAN EVER. It feels like we’re living in "Bizarro World". Waiting for Trump to announce the new name for earth called "Htrae" makes for sense
https://www.instagram.com/p/DeKG_lkDvuL/
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