As logistics professionals sound the alarms on emptying U.S. ports as a result of steep tariffs, President Donald Trump said those major import slowdowns are actually a boon.
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Trump not only acknowledged the shipping slowdown in a Thursday press briefing announcing a trade deal with the UK; he seemed heartened by it.
“We’re seeing as a result that ports here in the U.S., the traffic has really slowed and now thousands of dockworkers and truck drivers are worried about their jobs,” a reporter said in the press briefing.
“That means we lose less money,” Trump said. “When you say it slowed down, that’s a good thing, not a bad thing.”
Trump is deranged!
Trump calls emptying U.S. ports a ‘good thing’ despite supply-chain panic because ‘that means we lose less money’
The president has repeatedly claimed the U.S. has a $1 trillion trade deficit with China, though economists argue a trade deficit isn’t inherently negative.
https://www.yahoo.com/news/trump-calls-emptying-u-ports-180609056.html