The US trade deficit of goods widened to $79.5b in December from $70.5b in November as exports fell 2.8% and imports rose 2.4%.
That compared with the median estimate of economists for $73.6 billion.
Exports of Industrial Supplies and Capital Goods plunged in December and imports of food & beverage surged.
This is the widest goods trade deficit in US history.
Trump is not winning on this one!
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Just more MAGA-ton untruth bombs being dropped by the Jewish Teleprompter Reader In Chief!
And this is why we’re seeing massive growing headline inflation right now. Consumers end up footing the bill on these tariffs.
Starfcker- Come on boy, pipe in and tell us how Trump know’s how to get things done, how this is a brilliant plan. At this point Star, I’m going to have to convert to Judaism just to survive the Grand Golem Cheeto’s ineptitude. Oy Veh !!
Until new trade deals are Senate ratified, the system remains the same. This is our present, and was our future prior to Trump. How are those deals coming? Let’s see. Mexico/Canada done, should pass. Korea, done. China, making progress. EU and Japan on deck. Time will tell.
Time will tell. And the story will not be pretty. I told ya so. And I am telling ya so.
Loopey- Just call me Bea Leverstein…..HaHa. Did you notice the misdirect? This had nuttin’ to do with Trump, it was all in play before his grand plan, he is as innocent as a new born babe. Star is still sucking on the MAGA crack pipe.
Who upvoted that?
The same guy that downvoted you at 12:11pm.
Keep buying your Cheap Chinese Shit at WalMart and BestBuy, we can get that deficit higher!
Drive your fuckin’ Kia’s and Hyundai’s to hell and back. Vote for a massive farm bill to subsidize corn, beans, sugar and God-knows-what. We’ll sell ’em that GMO shit and that will even it all out. You betcha.
It has been announced that the Chinese Debt to GDP ratio is around 900%. When that debt bubble blows up over there expect them to devalue their currency by something approaching 90%. Imagine what will happen to the trade imbalance when they export that deflationary tsunami all over the world. Chinese shit that was a dollar is now 10 cents! It’ll be so cheap that anyone you talk to in a “service industry” will be talking in Chinglish!