One year later, Trump has remade global trade -- with mixed results

[Yo_Mama_Been_Loggin]

Trade deficits are down, but factory jobs are, too, and inflation is up. However, you slice it, a year of uneven policymaking profoundly reshaped U.S. engagement with the globe. *

*Wa Po spin now that Bezos wants rocket ship money
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One year after President Donald Trump stood in the White House Rose Garden and announced the highest U.S. tariffs in nearly a century, the number of factory jobs is down and inflation is up.

But the chronic trade deficit, which the president that April afternoon declared a job-killing national emergency, has declined for 10 consecutive months. More than 20 trading partners yielded to the president’s tariff threats — in some cases after resisting for years — and agreed to open their markets to U.S. products. Some foreign leaders also promised generous investments in new factories that one day might employ the president’s blue-collar supporters.

This mixed picture emerged following an uneven year of policymaking. Trump’s habit of threatening tariffs over matters large and small and his tendency to water down or forget his most bellicose threats earned the dismissive shorthand “TACO,” for “Trump Always Chickens Out.” In February, the Supreme Court ruled most of his emergency tariffs unconstitutional, forcing him to start over and refund more than $150 billion.

https://wapo.st/4s1ji8g