US trade deficit rises to near 9½-year highThe U.S. trade deficit increased to a near 9½-year high in February as both exports and imports rose to record highs, but the shortfall with China narrowed sharply.
The Commerce Department said on Thursday the trade gap rose 1.6 percent to $57.6 billion. That was the highest level since October 2008 and followed a slightly downwardly revised $56.7 billion shortfall in January.
The deficit has now risen for six straight months. The goods trade deficit was the highest since July 2008 and the surplus on services was the lowest since December 2012. . . .
https://www.cnbc.com/2018/04/05/us-trade-deficit-rises.html
At a time where economic growth is on the rise, this story should put to rest the
lie that trade deficits are a bad thing. In fact, here the opposite is true. More people working means more consumer dollars. And more trade dollars going overseas means more capital investment back into US firms.
So enough with all this 'unfair trade' bullsh*t. Let freedom ring!
