enhanced_deficit
03-06-2019, 12:07 PM
Trump wanted to reduce trade deficit but opposite seems to have happened. Not sure if this would drive Trump to furrther increase tariffs on China goods:
U.S. Posts Record Annual Trade Deficit
The shortfall grew last year despite President Trump’s aim to reduce it
555 Comments (https://www.wsj.com/articles/december-2018-trade-data-from-u-s-commerce-department-11551877494#comments_sector)
By Paul Kiernan
March 6, 2019 9:27 a.m. ET
WASHINGTON—The U.S. posted its widest monthly trade gap since 2008 in December and a record annual deficit in goods as sturdy economic growth underpinned higher spending by American consumers (https://www.wsj.com/articles/u-s-consumers-hit-hardest-by-trade-tariffs-studies-find-11551820951?mod=article_inline) and businesses.
The international trade deficit in goods and services widened 19% in December from the prior month to a seasonally adjusted $59.8 billion, the Commerce Department said Wednesday. Economists surveyed by The Wall Street Journal had expected a $57.3 billion gap.
The shortfall grew last year despite President Trump’s aim to reduce it.
https://www.wsj.com/articles/december-2018-trade-data-from-u-s-commerce-department-11551877494
US trade gap jumped to 10-year high; record gap with China
today
https://www.apnews.com/bd3cb95e3d8b47198a184cfa57dddb06
U.S. Posts Record Annual Trade Deficit
The shortfall grew last year despite President Trump’s aim to reduce it
555 Comments (https://www.wsj.com/articles/december-2018-trade-data-from-u-s-commerce-department-11551877494#comments_sector)
By Paul Kiernan
March 6, 2019 9:27 a.m. ET
WASHINGTON—The U.S. posted its widest monthly trade gap since 2008 in December and a record annual deficit in goods as sturdy economic growth underpinned higher spending by American consumers (https://www.wsj.com/articles/u-s-consumers-hit-hardest-by-trade-tariffs-studies-find-11551820951?mod=article_inline) and businesses.
The international trade deficit in goods and services widened 19% in December from the prior month to a seasonally adjusted $59.8 billion, the Commerce Department said Wednesday. Economists surveyed by The Wall Street Journal had expected a $57.3 billion gap.
The shortfall grew last year despite President Trump’s aim to reduce it.
https://www.wsj.com/articles/december-2018-trade-data-from-u-s-commerce-department-11551877494
US trade gap jumped to 10-year high; record gap with China
today
https://www.apnews.com/bd3cb95e3d8b47198a184cfa57dddb06