MAGA! U.S. Trade Deficit Slashed Just Like Trump Promised

[rangerrebew]

MAGA! U.S. Trade Deficit Slashed Just Like Trump Promised
Posted on August 4, 2017 by DCWhispers   
 

The Trump administration is engaged in one success after the other. Many Americans have no idea, though, given the Establishment Media’s obsession with pushing the phony Russia/Trump story.

One had to really search for proof of the good news being created by POTUS Trump – but it’s there. Here is a tidbit grudgingly put out there today by ABC News:

Read more at http://dcwhispers.com/maga-u-s-trade-deficit-slashed-just-like-trump-promised/#Ul4yhp0WLHT4CYfL.99

[RoosGirl]

This seems to be in direct conflict with this story posted earlier on a different thread:  http://money.cnn.com/2017/07/28/news/economy/gdp-second-quarter-trump-economy/index.html

The CNN story just says "Exports have slowed", talking about the 2nd quarter of the year, so there isn't much detail to go on.

[thackney]

U.S. exports of crude oil and petroleum products have more than doubled since 2010
https://www.eia.gov/todayinenergy/detail.php?id=31812

[Right_in_Virginia]

US trade deficit narrowed to $43.6 billion in June
ABC News, Aug 4, 2017, Paul Wiseman

The U.S. trade deficit narrowed in June as exports hit the highest level in 2 ? years.

The Commerce Department said Friday that the trade gap slid 5.9 percent in June to $43.6 billion.

<snip>

The deficit means the United States is buying more goods and services from other countries than it is selling them. A shrinking trade gap boosts U.S. economic growth.

President Donald Trump has vowed to bring down America's trade deficits, saying they are caused by bad trade deals and abusive practices by China and other U.S. trading partners.

The deficit in goods with China rose 3.1 percent in June to $32.6 billion and is up 6.1 percent to $170.7 billion so far this year.

The goods deficit with Mexico slid 18.3 percent in June to $6 billion. The Trump administration is preparing to renegotiate the North American Free Trade Agreement with Mexico and Canada. Trump has complained that NAFTA encourages U.S. manufacturers to move to Mexico to take advantage of cheaper labor.


http://abcnews.go.com/Business/wireStory/us-trade-deficit-narrowed-436-billion-june-49031342

[Suppressed]

Now for the secret that the Trump sycophants don't want you to see. The value of the dollar is plummeting, so of course exports go up...



Trump never told us he was going to balance the trade deficit by torpedoing the value of the dollar, but I guess nobody asked.

[endicom]

Now for the secret that the Trump sycophants don't want you to see. The value of the dollar is plummeting, so of course exports go up...



Trump never told us he was going to balance the trade deficit by torpedoing the value of the dollar, but I guess nobody asked.

If the value of the USD is plummeting then imports should be decreasing.

[ABX]

If the value of the USD is plummeting then imports should be decreasing.

Correct, imports are decreasing, exports are increasing, thus the deficit is going down. Cheaper dollar helps exports and makes the market look higher.