Last year, the total US Trade Deficit was $566 Billion.  The US Trade Deficit in goods only (not services) was $810 Billion.  The largest trade deficits are with these countries:

  1. China – $636 billion traded with a $375 billion deficit.
  2. Canada – $582 billion traded with an $18 billion deficit.
  3. Mexico – $557 billion traded with a $71 billion deficit.
  4. Japan – $204 billion traded with a $69 billion deficit.
  5. Germany – $171 billion traded with a $65 billion deficit.

Source: “U.S. Trade Deficit by Country with Current Statistics and Issues

 

 

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 “California’s tragic poverty and widening inequality aren’t the result of racist policies imposed from without but rather progressive policies embraced from within.”

Michael Shellenberger has a fantastic essay in Forbes demonstrating how California is an actual “Elysium,” a dystopia where the rich, ruling class maintains their progressive privilege at the expense of the poor.  I highly recommend reading it.

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You won’t read it in NY Times or see it on CNN, but we’re having a bit of positive news lately including:

 

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My favorite historian, Victor Davis Hanson, has the best explanation I’ve seen of President Trump’s Foreign and Trade policies.  Using arguably the most significant person of the 4th Century B.C. to do so makes it all the more enjoyable.

Political correctness is the enemy of freedom because it rejects honesty and authenticity. We have to tackle it as the distortion of the truth. – Mario Vargas Llosa

EL PAÍS Seminal has an excellent interview with author Mario Vargas Llosa discussing liberal thought and threats to its existence.  Vargas Llosa has evolved from a young communist to a classical liberal influenced by Hayak, Popper and Adam Smith. Note: This interview has been translated into English.