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

  1. #1

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

    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.








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  3. #2
    Tariff wars are great. And this is only the beginning. More coming soon. http://www.ronpaulforums.com/showthr...h-more-tariffs
    Last edited by Zippyjuan; 09-06-2018 at 12:36 PM.
    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    "Truth isn't truth"- Rudy Giuliani

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  4. #3
    "Looks like we're in for a blow."

    There is no spoon.

  5. #4
    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.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

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    A Zero Hedge comment

  6. #5
    Quote Originally Posted by Swordsmyth View Post
    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.
    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    "Truth isn't truth"- Rudy Giuliani

    "China has total respect for Donald Trump and for Donald Trump's very, very large brain," - Donald Trump.

    I am Zippy and I approve of this post. But you don't have to.

  7. #6
    Quote Originally Posted by Zippyjuan View Post
    Your repeated claim that tariffs don't do anything.


    I said they didn't cause this, they do have effects.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  8. #7
    Quote Originally Posted by Swordsmyth View Post


    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.
    Last edited by Zippyjuan; 09-06-2018 at 03:54 PM.
    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    "Truth isn't truth"- Rudy Giuliani

    "China has total respect for Donald Trump and for Donald Trump's very, very large brain," - Donald Trump.

    I am Zippy and I approve of this post. But you don't have to.

  9. #8
    Quote Originally Posted by Zippyjuan View Post
    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.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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  11. #9
    Quote Originally Posted by Swordsmyth View Post
    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?

  12. #10
    Quote Originally Posted by Influenza View Post
    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.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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