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Trump declared the trade deficit a national emergency threatening our way of life, then signed tariffs a court later struck down as illegal. Now the latest deficit numbers test whether any of it worked.
In a post on Truth Social, President Donald Trump said that high interest rates put the U.S. at an “unfair disadvantage” in the global economy.
August's trade gap blew past forecasts while the stock market shrugged and climbed higher, and the reason behind both moves points to a spending wave that could just as easily flip into the next recession signal.