Alright, the economic news is rolling in to end this week and - surprise, surprise - there's a lot of winning happening.
Let's start with the most contested item: The trade deficit reduction.
This new report is technically for April's numbers, but we'll pretend it's last month (how is it June already??) 👇
This is the biggest trade deficit reduction in a single month on record. The United States imports from other countries declined greatly, coinciding with tariffs, while our exports rose.
Of course, some free traders view this as a bad thing. Getting cheap junk from China and Vietnam so that the arrows go up is all that matters to some economists.
However, this provides that ever-coveted GDP bump that the tariff haters have been looking for.
The tariff and trade war is a long way from over so BUCKLE UP. 😂
Next up, in what is unmitigated good news, jobs went up in May (and Trump doesn't even need to revise the numbers like Biden did!).
The key here is that Trump is beating the "experts" expectations month in and month out. The crash that is always predicted, the failure that they always forecast, has not yet materialized.
These numbers are always revised, almost always down, but the trajectory continues in the direction of positive economic growth.
The first-term Trump economy still remains elusive, but the trajectory is moving upward.
Far from the doom and gloom we've heard for the past five months, wouldn't you say?
P.S. Now check out our latest video 👇
