Part 2/9:
The statistics paint a discouraging picture. The United States has a significant trade deficit with various countries, with China leading at an astounding $295 billion, followed by Mexico and India at $172 billion and $45 billion respectively. This has led to concerns that the current economic policies are hastening the decline of the U.S. dollar and the overall standard of living in the country. Notably, during former President Trump's administration, while attempts were made to renegotiate trade agreements to bring jobs back home, the reality is that many companies relocated their operations to nearby countries such as Mexico and Vietnam.