Oops. Trump Meant $100 Billion.

Apparently someone finally got around to telling Donald Trump that $1 billion is chump change compared to the size of our trade deficit with China:

The Trump administration is asking Beijing for a plan to cut the annual U.S. trade deficit with China by $100 billion, according to people familiar with the matter….According to the people, Trump administration officials made the request to Liu He, the main architect of China’s economic policy, last week when he was in Washington.

I dunno. Maybe Trump can talk China into buying a billion tons of American coal each year. Alternatively, he could talk to an economist, who would tell him that the most effective answer is to weaken the dollar. That’s easier said than done, though, and doesn’t have the same appeal as being able to crow about beating China at its own game. In the end, I assume this whole affair will amount to nothing, although Trump might be able to persuade China to make a few face-saving concessions in return for real-life concessions from the US. That’s how Trump’s dealmaking usually seems to go.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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