Trumpenomics
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LOL
Yup, he is running into the same problems Biden had, and he is quickly losing the timeframe where is thinks he can blame Biden for his current economic problems.
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https://www.washingtonpost.com/politics/2026/01/27/trump-south-korea-trade-tariffs/
South Korean officials found themselves scrambling on Tuesday morning after waking up to a social media post from President Donald Trump announcing a fresh hike in tariffs on their country.
Trump said he would raise levies from 15 percent to 25 percent on autos, lumber, pharmaceuticals and all other goods affected by “Reciprocal TARIFFS” that are shipped from South Korea to the United States, citing the South Korean legislature’s failure to approve a trade deal he had reached with Seoul in July. “Why hasn’t the Korean Legislature approved it?” Trump wrote in the post.
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Jan. 2026 jobs report: https://www.bls.gov/news.release/empsit.nr0.htm
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Damnit. I really needed $21,308.
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US Trade Deficit Hits Record High Despite Tariffs
US goods imports continued to outpace its exports last year, sending the country's trade deficit to a new high despite sweeping tariffs introduced by US President Donald Trump.
The gap between the value of goods imported into the US and American products sold to other countries widened by 2.1% compared to 2024, hitting roughly $1.2 trillion (£890bn), official figures show.
The rise emerged despite a sharp drop in trade with China, one of the earliest targets of the tariffs.
The gap runs counter to one of the White House's key aims which is to reduce the deficit, arguing that US reliance on overseas goods has hollowed out the country's production abilities and put national security at risk.
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Quarter look at how things are going since the election. Blue numbers are tentative.
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