Trump Score Card
As President Trump first took office the total U.S. trade deficit was $502 billion. What will Trump do to attempt to cut the trade deficit.
The latest statistic shows that the U.S. trade deficit dropped 6% to an 8 month low.
1/23/17: President Trump signed an executive order withdrawing US from TPP trade deal. Like Hillary Clinton stated, President Trump also expressed he was not in favor of The Trans-Pacific Partnership. There are several reasons why they believe TPP is not a good trade deal for America. The United States lost 5 million manufacturing jobs between January 2000 and December 2014 and our current trade deficit is close to $500 billion annually (3% of our GDP) due to poor trade deals such as TPP.
6/1/17: President Trump pulled the U.S. out of the Paris Climate Agreement citing he was elected to represent "the citizens of Pittsburgh, not Paris' and stating "This agreement is less about the climate and more about other countries gaining a financial advantage over the United States.". We believe this was the right decision based on the following facts.
1: Trump kept another campaign promise by abiding by his "America First" mantra
2: U.S. would begin negotiations to re-enter either the Paris accord or a new treaty on terms that are better for American businesses and taxpayers.
3: When President Obama joined the Paris Accord he never sent the agreement to the Senate for ratification. There was good reason for that: it wouldn’t have been ratified.
4: The agreement called for America to reduce emissions and pay $3 billion a year to countries like China and India who were not required to reduce their emissions until 2030.
4: The agreement, although would ultimately cost America trillions of dollars, would have essentially no impact – postponing warming by less than four years by 2100 and by a grand total of just three tenths of one degree (0.023 degrees Fahrenheit).
5: The Paris agreement would potentially stop the creation of new American jobs. The caps asked America to cut it's energy industry, which would result in a loss of energy jobs.
6: Minutes after Trump pulled out of the agreement, local mayors and businesses around the country stated they would continue to work to cut emissions. Which raised the question "Then why would the federal government need to be in the Paris Climate Agreement"
7: The trillions of dollars spent on an international agreement that would have near zero results would be much better spent on fighting diseases, American infrastructure and grants to local governments who push greener living.
7/10/17: President Donald Trump celebrated America's latest sugar deal, calling it "a very good one for both the U.S. and Mexico." The agreement reduces the amount of refined sugar Mexico can export to the U.S. and sets a new minimum price that Mexican sugar can be sold for. The American Sugar Alliance, a coalition of U.S. sugar producers. had previously accused Mexico of predatory trade practices and thanked Trump for "supporting sugar farmers and defending jobs."
7/12/14: After 14 years, U.S. beef hit the Chinese market. The new trade deal was dubbed an 'exciting opportunity' for agriculture. It has been the first shipments of U.S. beef to China since 2003 after officials sealed a long-sought trade deal this month.
8/5/17: The U.S. trade deficit dropped 6% to an 8 month low.