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Trump must have failed economics in whichever institutions of learning that he attended.
Trade balance deficit is up 10% year on year despite the efforts of Trump's "best people in the USA".
Trump is clueless as the recent hurricanes, floods and fires will suck in more imports for rebuilding and the trade balance will continue to worsen for the rest of Trump's tenure and beyond.
Trump is trashing brand USA which will suffer worldwide negative consumer sentiment from Trump's rants.
US trade deficit rises more than expected in October and is now up 10% for 2018
Trade balance deficit is up 10% year on year despite the efforts of Trump's "best people in the USA".
Trump is clueless as the recent hurricanes, floods and fires will suck in more imports for rebuilding and the trade balance will continue to worsen for the rest of Trump's tenure and beyond.
Trump is trashing brand USA which will suffer worldwide negative consumer sentiment from Trump's rants.
US trade deficit rises more than expected in October and is now up 10% for 2018
US trade deficit increases more than expected in October and is now up 10% for 2018
PUBLISHED FRI, NOV 2 2018 • 8:32 AM EDT | UPDATED FRI, NOV 2 2018 • 10:49 AM EDT
Jeff Cox
KEY POINTS
The U.S. goods and services deficit increased more than expected in September amid escalating tensions with its global trading partners.
The shortfall rose to $54 billion for the month, a 1.3 percent increase, or $700 million, from August and reflective of a 10.1 percent increase year to date, according to government numbers released Friday.
Those numbers come as the Trump administration moved forward with a plan to tax $200 billion worth of Chinese imports and as China countered.
The U.S. goods and services deficit increased more than expected in September amid escalating tensions with its global trading partners.
The shortfall rose to $54 billion for the month, a 1.3 percent increase, or $700 million, from August and reflective of a 10.1 percent increase year to date, according to government numbers released Friday. Economists surveyed by Refinitiv had been looking for a gain of $53.6 billion.
The goods deficit stood at $76.3 billion, the highest on record on a seasonally adjusted basis.
Exports increased to $212.6 billion, a $3.1 billion gain from August, while imports rose $3.8 billion to $266.6 billion.