Posted on 09/04/2019 7:54:28 AM PDT by Olog-hai
The U.S. trade deficit declined in July, including the gap with China that has been the focus of President Donald Trump’s tariffs.
The Commerce Department said Wednesday that the gap between the goods and services the U.S. buys and what it sells abroad fell 2.7% to $54 billion in July from June. Exports rose 0.6% to $207.4 billion, while imports ticked down 0.1% to $261.4 billion. Compared to a year ago, the average trade gap has increased $7 billion.
Trade has become a sensitive topic for the global economy as the United States has escalated a tariff war with China. Trump has been taxing Chinese imports in hopes of reducing the trade gap and receiving better terms for trade, yet his moves have generated uncertainties that have hurt growth and pushed manufacturing into a slowdown.*
By Dec. 15, the United States is scheduled to tax almost every Chinese import. …
(Excerpt) Read more at apnews.com ...
What a devious way to write a headline that should be a positive for Trump.
You have to read this kind of crap very carefully.
I just hate the msm. Period.
If the headline is bad (and try as they might, they couldn’t keep the good news out of it), the main body is way worse.
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