Posted on 03/27/2019 10:01:21 AM PDT by Olog-hai
The U.S. trade deficit tumbled nearly 15 percent in January as imports fell and exports rose. Shipments of American goods to China skidded to the lowest level in more than eight years as the world’s two biggest economies remained locked in a trade war.
The Commerce Department said Wednesday that the gap between the goods and services that the United States sells and what it buys from other countries dropped by 14.6 percent to $51.1 billion in January from $59.9 billion in December. Exports rose 0.9 percent to $207.3 billion, and imports dropped 2.6 percent to $258.5 billion.
The deficit in the trade of goods with China narrowed by 6.4 percent to $34.5 billion. U.S. goods exports to China dropped 22.3 percent to $7.1 billion, lowest since September 2010; Chinese imports dropped 9.6 percent to $41.6 billion. […]
The U.S. also reported a sharp increase in exports of cars, trucks and auto parts in January.
President Donald Trump campaigned on a pledge to reduce America’s longstanding trade deficit with the rest of the world. He sees the gap as a sign of economic weakness and as the result of bad trade deals and abusive practices by America’s trading partners. …
(Excerpt) Read more at apnews.com ...
MAGA!
Trump’s fault and more MAGA!
Chuck Fina
Mr. Wiseman may soon be looking for another job.
Wow that’s great...Thank you Pres Trump
This is definitely Trumps fault. All this winning. Thank you Mr. President.
Love our PRESIDENT!
We need to quit pretending that China is the only source for cheap consumer goods
Winning?
Winning!!!
I like tariffs instead of income taxes
“I like tariffs instead of income taxes”
BINGO. This is how the Fed.gov used to earn revenue before it turned on The People.
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