US trade deficit widens in May on weak exports

MSN ^ | 7/3/2024

[Right Wing Vegan]

The U.S. trade deficit widened for a second straight month in May amid a decline in exports, indicating that trade likely remained a drag on economic growth in the second quarter.

The trade deficit increased 0.8 per cent to $75.1 billion, the Commerce Department's Bureau of Economic Analysis said on Wednesday. Data for April was revised slightly to show the trade gap rising to $74.5 billion instead of $74.6 billion as previously reported.

[CatOwner]

The MSM has been hiding/altering similar reports in the past 3+ years. I wonder what changed?!

[mewzilla]

Meanwhile...

Cassidy: $61 billion in LNG projects can proceed after ruling

Note that the word exports is not used in the headline.

Go figure.

[Parley Baer]

“The MSM has been hiding/altering similar reports in the past 3+ years. I wonder what changed?!”

I agree. Now they start reporting this?

[lewislynn]

deficit widens in May on weak exports

That's just what the Doctor (Jill) ordered.

[vpintheak]

That’s Bidenomics.

[Lumper20]

I do not think Biden ever took any economics course nor did he take any business courses. Perhaps I am totally wrong.

[TwelveOfTwenty]

It was the trade deals that caused this. It's Biden's fault in that he supported MFN for China as did Clinton and Gore, but many Republicans including many Freepers also supported those trade deals.

Something about cheaper prices and benefits to the consumer, so they said. We fell for it, and shipped our kid's future out of the country for the promise of saving a few pennies on communist made paint brushes.

[SunkenCiv]

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