Trump Vowed to Shrink the Trade Gap. It Keeps Growing

[Hoodat]

Trump Vowed to Shrink the Trade Gap. It Keeps Growing.

Ana Swanson  |  10 hrs ago

WASHINGTON — The overall United States trade deficit continued to widen in the first nine months of 2019, data released Tuesday morning show, defying a Trump administration plan to try to shrink the figure by renegotiating trade agreements.

The trade deficit for both goods and services grew to $481.3 billion in the first three quarters of the year, up 5.4 percent from the same period last year, according to data released by the Commerce Department. Total American exports fell by $7 billion from the previous year, while imports grew by $17.8 billion.

The trade deficit in goods for the first nine months also widened slightly from the previous year, as exports of American products fell by more than imports.

https://www.msn.com/en-us/money/markets/trump-vowed-to-shrink-the-trade-gap-it-keeps-growing/ar-AAJTqg9


Welcome to the effects of tariffs.

[Drago]

Yet there is the next thread below this one:

http://www.gopbriefingroom.com/index.php/topic,381519.0.html

Yearly vs. quarterly vs monthly I guess.

[Hoodat]

Yet there is the next thread below this one:

http://www.gopbriefingroom.com/index.php/topic,381519.0.html

Yearly vs. quarterly vs monthly I guess.

From the link:

Yet even after the decline in September, the U.S. is still on track to post an even larger trade gap in 2019 than it did in 2018.