Sunday, February 26, 2017

Trump "Considering" Intriguing New Way to Lie With Statistics

The Trump administration is considering changing the way it calculates U.S. trade deficits, a shift that would make the country’s trade gap appear larger than it had in past years, according to people involved in the discussions.

The leading idea under consideration would exclude from U.S. exports any goods first imported into the country, such as cars, and then transferred to a third country like Canada or Mexico unchanged, these people told The Wall Street Journal.

Economists say that approach would inflate trade deficit numbers because it would typically count goods as imports when they come into the country but not count the same goods when they go back out, known as re-exports....
http://www.motherjones.com/kevin-drum/2017/02/trump-considering-intriguing-new-way-lie-statistics


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