U.S. trade deficit surges to five-month high as exports fall

[goldenequity]

U.S. trade deficit surges to five-month high as exports fall
https://in.reuters.com/article/us-us...-idINKCN1LL1ME

The Commerce Department said the trade deficit increased 9.5 percent to $50.1 billion
as exports of soybeans and civilian aircraft dropped and imports hit a record high.
The trade gap has now widened for two straight months.

[Zippyjuan]

Tariff wars are great. And this is only the beginning. More coming soon. http://www.ronpaulforums.com/showthr...h-more-tariffs

[Ender]

"Looks like we're in for a blow."

[Swordsmyth]

The tariffs have nothing to do with it, the collapse of foreign currencies is the cause, in the end we will be better off from fighting back in the trade war.

[Zippyjuan]

The tariffs have nothing to do with it, the collapse of foreign currencies is the cause, in the end we will be better off from fighting back in the trade war.

Your repeated claim that tariffs don't do anything.

[Swordsmyth]

Your repeated claim that tariffs don't do anything.

I said they didn't cause this, they do have effects.

[Zippyjuan]

I said they didn't cause this, they do have effects.

the collapse of foreign currencies is the cause

The dollar soared vs other currencies instead during the month of June, eh? How did the value of the dollar change during that time? Dollar in mid- May was 94. Dollar mid June was 94.79. Dollar mid July 94.51. Pretty flat. https://www.marketwatch.com/investing/index/dxy

It is strange that the goods which declined in exports were the ones which had tariffs applied to them if it was not due to the tariffs.

The Commerce Department said the trade deficit increased 9.5 percent to $50.1 billion as exports of soybeans and civilian aircraft dropped and imports hit a record high. The trade gap has now widened for two straight months.

[Swordsmyth]

The dollar soared vs other currencies instead during the month of June. How did the value of the dollar change during that time? Dollar in mid- May was 94. Dollar mid June was 94.79. Dollar mid July 94.51. Pretty flat. https://www.marketwatch.com/investing/index/dxy

Many things can affect the value of various currencies.
You tell me what you think caused it.
On the other hand don't, any explanation you offer will undoubtedly be wrong.

[Influenza]

Many things can affect the value of various currencies.
You tell me what you think caused it.
On the other hand don't, any explanation you offer will undoubtedly be wrong.

by wrong you mean an explanation that differs from your preferred narrative right? ya know, that unchanging narrative that isn't based on facts, never was, and never will be?

[Swordsmyth]

by wrong you mean an explanation that differs from your preferred narrative right? ya know, that unchanging narrative that isn't based on facts, never was, and never will be?

I mean wrong like his defense of the Federal Reserve.