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U.S. Trade Deficit Hits 19-Month Low Due to Record-High Exports
Breitbart ^ | July 6, 2018 | by Joshua Caplan

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 ...


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: deficit; economy; export; exports; maga; trade; tradebalance; tradedeficit; trump; trumpeconomy; trumptrade; trumpwinsagain; winning
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To: semimojo

How many ‘deals’ has Trump negotiated?


21 posted on 07/06/2018 8:16:36 PM PDT by TexasGator (Z1)
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To: ConservativeMind
The “barrier” is just a harmless tax.

"Harmless tax" is an oxymoron.

It is far healthier than an income tax.

Abolish the income tax.

22 posted on 07/06/2018 8:21:19 PM PDT by NorthMountain (... the right of the people to keep and bear arms shall not be infringed)
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To: Jim Robinson

Our economy’s growing. Let’s not undo it.


23 posted on 07/06/2018 8:38:19 PM PDT by TBP (Progressives lack compassion and tolerance. Their self-aggrandizement is all that matters.)
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To: cba123

Does this mean we’re not getting economically gang banged by most of these hostile corrupt countries?


24 posted on 07/06/2018 8:45:14 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Jim Robinson

Dems will say this is proof that Trump is racist.


25 posted on 07/06/2018 8:47:00 PM PDT by Cementjungle
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To: TexasGator
So far? None.

How many has he claimed credit for?

26 posted on 07/06/2018 9:16:34 PM PDT by semimojo
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To: semimojo

“So far? None.”

Obviously you are in the dark on this subject ...


27 posted on 07/06/2018 9:21:46 PM PDT by TexasGator (Z1)
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To: cba123

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.


28 posted on 07/06/2018 9:26:34 PM PDT by snarkytart
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To: Jim Robinson

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.


29 posted on 07/06/2018 10:10:59 PM PDT by Forgotten Amendments (Stawp the hammering!)
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To: Jim Robinson

“The beginning of the end for Trump!!!”

(seriously... /s)


30 posted on 07/06/2018 10:11:50 PM PDT by wastedyears (The left would kill every single one of us and our families if they knew they could get away with it)
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To: TexasGator

Enlighten me.


31 posted on 07/06/2018 10:23:26 PM PDT by semimojo
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To: Forgotten Amendments

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.


32 posted on 07/06/2018 10:29:55 PM PDT by arrogantsob (See "Chaos and Mayhem" at Amazon.com)
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To: arrogantsob
There is no trade deficit with floating exchange rates.

Winner.

33 posted on 07/06/2018 10:37:56 PM PDT by semimojo
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To: cba123; Jim Robinson
The article referred to the decline of the overall trade deficit with all countries.

cba123 referred to the trade deficit with China only, which is increasing.

So the President is right to focus on trade with China.

34 posted on 07/07/2018 12:41:39 AM PDT by Praxeologue
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To: Jim Robinson
Trump understands that the only way to win a war (any kind of war) is to actually fight it with the intent to win it...Bush and company hollered "Shock and awe" and never really delivered - Trump is a nuclear MOAB...

MAGA!!!!

Keep FR great - dust the cobwebs off the wallets and open them for FReedom!!!

35 posted on 07/07/2018 3:57:37 AM PDT by trebb (Too many "Conservatives" who think their opinions outweigh reality these days...)
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To: cba123

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.


36 posted on 07/07/2018 6:06:34 AM PDT by Flint
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To: semimojo

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.


37 posted on 07/07/2018 6:14:08 AM PDT by Shady (We WON the Battle, Now let's WIN THE WAR!!!!)
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To: Jim Robinson

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.


38 posted on 07/07/2018 6:25:09 AM PDT by CincyRichieRich (Break in my country, you are illegal. Break into my house, makes not you a homeowner.)
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To: cba123; Jim Robinson

Now HOW did I know you’d be here to p*ss in our Corn Flakes?

*SMIRK*


39 posted on 07/07/2018 7:29:53 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set.)
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To: Jim Robinson

So. Much. Winning!

Best. Election. Ever. EVER! MAGA! :)


40 posted on 07/07/2018 7:30:19 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set.)
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