Read more at https://www.channelnewsasia.com/news/world/eu-s-juncker-in-last-ditch-bid-to-end-trump-trade-war-10555572
(Updated: )
Ricky Lim
Trump's National debt now exceed US$21 trillion.
Trump need to pay interest to service the debt which is amount to US$500 billion a year.
Can Trump afford to win this trade war?
Also the dollar is bleeding red ink. Tax receipts into the US Treasury in the first five months of the current fiscal year, from October thru February, were $1.286 trillion while outlays were $1.677 trillion. Receipts are growing +4% per year, on average, while outlays are rising +7%, on average.
Trump by raising tariff will invite retaliation.
Trump's trade will be badly hit.
So with tax receipts hit and trade receipts also hit --- and interest to service debt increase, consumption fall due to high price ---- you think will Trump kill US Economy by all his reckless and irresponsible move?
Trump need to pay interest to service the debt which is amount to US$500 billion a year.
Can Trump afford to win this trade war?
Also the dollar is bleeding red ink. Tax receipts into the US Treasury in the first five months of the current fiscal year, from October thru February, were $1.286 trillion while outlays were $1.677 trillion. Receipts are growing +4% per year, on average, while outlays are rising +7%, on average.
Trump by raising tariff will invite retaliation.
Trump's trade will be badly hit.
So with tax receipts hit and trade receipts also hit --- and interest to service debt increase, consumption fall due to high price ---- you think will Trump kill US Economy by all his reckless and irresponsible move?
No comments:
Post a Comment