Posted on 07/06/2018 4:08:12 PM PDT by Jim Robinson
The United States trade deficit dropped in May to the lowest level in 19 months as exports rose to a record level.
The Department of Commerce announced the May trade deficit — the difference between what America sells and what it buys in foreign markets — decreased 6.6 percent to $43.1 billion — the smallest imbalance since October 2016.
Exports climbed 1.9 percent to a record $215.3 billion. Imports were up a smaller 0.4 percent to $258.4 billion.
The Trump administration followed through with imposing tariffs on $34 billion in Chinese products on Friday. China retaliated in kind, starting what Beijing described as the “biggest trade war in economic history.”
American employers kept up a strong hiring pace in June by adding 213,000 jobs in a sign of confidence of President Donald Trump’s economic policies.
(Excerpt) Read more at breitbart.com ...
How many ‘deals’ has Trump negotiated?
"Harmless tax" is an oxymoron.
It is far healthier than an income tax.
Abolish the income tax.
Our economy’s growing. Let’s not undo it.
Does this mean we’re not getting economically gang banged by most of these hostile corrupt countries?
Dems will say this is proof that Trump is racist.
How many has he claimed credit for?
“So far? None.”
Obviously you are in the dark on this subject ...
knew it wouldn’t be long before one of these showed.
nobody wants to be lied to, but the headline doesn’t say it’s gone or is low, but lowest point in 18 months due to RECORD HIGH exports.
enjoy the direction things are going.
The “trade deficit” is a left wing, big labor stat. The last time we had big surpluses was the Great Depression. Exports are great! So are imports.
“The beginning of the end for Trump!!!”
(seriously... /s)
Enlighten me.
There is no trade deficit with floating exchange rates.
Only with fixed exchange rates do you have a trade deficit.
Nixon put an end to that when he took us off gold.
Winner.
cba123 referred to the trade deficit with China only, which is increasing.
So the President is right to focus on trade with China.
MAGA!!!!
Keep FR great - dust the cobwebs off the wallets and open them for FReedom!!!
You don’t think that exporters are shipping everything they can now so they don’t get caught with merchandise that they have to pay tariffs on do you? If I were exporting to China, that’s exactly what I’d do. Get my stuff over there before China hits it with extra tariffs. That rush to beat the deadline would make the numbers spike.
The Swamp wants it to be as high as it can get to effectively redistribute our American wealth to their “Buddies!”
PDJT is thwarting that! MAGA!
The Swamp is being driven nuts. A beautiful thing.
My dad said once after working at GE for 39 yrs...retired in 1994...”America doesn’t make things anymore, we just push money around”
Well, that is changing. We can replace a lot of what China makes...I didn’t say all...and we won’t poison folks with our raw materials or implant spyware for their government.
Now HOW did I know you’d be here to p*ss in our Corn Flakes?
*SMIRK*
So. Much. Winning!
Best. Election. Ever. EVER! MAGA! :)
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