Experts Shocked as Trade Deficit Plummets

Look at this. This is a tweet from Roll Call. "Experts" -- what experts? The media has all kinds of experts. Let me take a brief diversion to illustrate what I mean. How many of you remember way back when Donald Trump began his trade negotiations with the ChiComs. And how many of you remember the conventional wisdom being that Trump didn't know what he was doing and that we don't want to rattle the cage of the ChiComs?

The ChiComs own so much of our debt, the ChiComs have all kinds of leverage on us. Trump doesn't know what he's doing. He cannot negotiate a better trade deal with the ChiComs. It'd be a terrible thing to even try. Remember all that?

"U.S. Trade Deficit Hits Eight-Month Low as Chinese Imports Drop - The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, suggesting President Donald Trump’s “America First” agenda was starting to bear fruit."

This isn’t Reuters! So all of the experts who predicted that Trump, we don't want to offend the ChiComs, we don't want to make the ChiComs mad, we do not want to insult them. We cannot provoke them. President Trump doesn't know what he's doing. Nobody thought it was gonna work. Nobody thought Trump's sanctions on the ChiComs and all the tariffs -- remember the tariffs hit? Oh, my God. Remember the vapors everybody had? Well, now Trump's "America first" agenda is starting to bear fruit.

“The surprise narrowing in the trade gap reported by the Commerce Department on Wednesday also implied a much stronger pace of U.S. economic growth in the first quarter than initially anticipated at the start of the year.

“The 20.2 percent drop --” this is not insignificant “-- in imports from China was the main driver behind a nearly 3.4 percent improvement in the U.S. trade deficit.” When's the last time you heard the trade deficit getting smaller? Did the trade deficit get smaller under the administration and regime of Barack Hussein O? No, it did not.

So experts

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