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forgot to mention another issue:
domestic product does not mean that goods and services are SOLD.
in case a company imports for 10 million parts and produce a machine what will be sold for 20 million - it will influence the GDP with 10 million plus. even when it is NOT SOLD.
to understand GDP you need to look at the wholesale inventories also.
under obama the wholesale inventories had a down trend since 2010. since trump those inventories are increasing.
add this to my last post and you see in what drama you live.
I donīt say that obama was an economic genius - he did the same mistake when he put tariffs on car weels from china in 2009 or 2010. the result was that imported car wwels from china went down 50% but imports of cars wheels from mexico, cambodia, thailand and other countries tripled up.
so WHAT effect did that have to the trade balance ?
but he learned that quite fast and understood that a trade war can not bring a better trade balance. trumps trade balance is a prove for it as it is the WORST EVER.
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