Skip to comments.U.S. Trade Deficit Hits 19-Month Low Due to Record-High Exports
Posted on 07/06/2018 4:08:12 PM PDT by Jim Robinson
The United States trade deficit dropped in May to the lowest level in 19 months as exports rose to a record level.
The Department of Commerce announced the May trade deficit the difference between what America sells and what it buys in foreign markets decreased 6.6 percent to $43.1 billion the smallest imbalance since October 2016.
Exports climbed 1.9 percent to a record $215.3 billion. Imports were up a smaller 0.4 percent to $258.4 billion.
The Trump administration followed through with imposing tariffs on $34 billion in Chinese products on Friday. China retaliated in kind, starting what Beijing described as the biggest trade war in economic history.
American employers kept up a strong hiring pace in June by adding 213,000 jobs in a sign of confidence of President Donald Trumps economic policies.
(Excerpt) Read more at breitbart.com ...
This is how you tackle a trade deficit.
Don’t hide behind a barrier, go out there and outsell the competition.
Winning and grinning!
I call that winning.
The barrier is just a harmless tax. It is far healthier than an income tax.
Go President Trump!!!
Our MAGA president is the real deal!
Not tired yet.
And the Democrats rage is in Warp Drive about the President’s successes.
I love it.
The evil Trump is wiping out a lot of our Trade deficit without firing a shot in our Trade War.
Of course you know, this is just crumbs as per/Pelosi!
This sounds so dangerous. (Full Sarcasm!)
Having fun watching the libs explode!
“Magic Wand” winning!!!
With all due respect.
(and that is quite a lot, I might add)
Love the website. Love being here. This is by far and away, the single best place on the entire interwebs.
We are now running the largest trade deficit in recorded human history, between two countries, EVER. With China.
Check out the data.
Last year, was the largest recorded trade imbalance. Ever.
Now look at this year.
EVERY SINGLE MONTH (including May, which this post is about) on the entire chart, has a HIGHER TRADE DEFICIT than even last year.
We are going to set yet another trade deficit record, once again this year. It appears.
Again, I am not at all criticising you.
But really, our trade situation with China is the worst in recorded human history.
And it continues to get even worse.
Um, Trump just started...
Take that, Trudie.
Trump is the very first American anywhere, who is actually poised to do a single thing to support America.
EVERYONE ELSE. Has been sold out, for the entire last generation and a half.
Trump is the last person in the entire world, I would criticize. He’s number one. The best.
He is for America. That is so refreshing.
Someone alert the press!
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