US trade gap falls 15 percent to $51.1 billion in January

Discussion in 'Economy' started by The Purge, Mar 27, 2019.

  1. The Purge
    Online

    The Purge Gold Member

    Joined:
    Aug 16, 2018
    Messages:
    9,331
    Thanks Received:
    2,597
    Trophy Points:
    290
    Ratings:
    +13,842
    This is definitely Trumps fault. All this winning. Thank you Mr. President.:11_2_1043:

    The U.S. trade deficit tumbled nearly 15 percent in January as imports fell and exports rose. Shipments of American goods to China skidded to the lowest level in more than eight years as the world’s two biggest economies remained locked in a trade war.

    The Commerce Department said Wednesday that the gap between the goods and services that the United States sells and what it buys from other countries dropped by 14.6 percent to $51.1 billion in January from $59.9 billion in December. Exports rose 0.9 percent to $207.3 billion, and imports dropped 2.6 percent to $258.5 billion.

    The deficit in the trade of goods with China narrowed by 6.4 percent to $34.5 billion. U.S. goods exports to China dropped 22.3 percent to $7.1 billion, lowest since September 2010; Chinese imports dropped 9.6 percent to $41.6 billion. […]

    The U.S. also reported a sharp increase in exports of cars, trucks and auto parts in January.

    President Donald Trump campaigned on a pledge to reduce America’s longstanding trade deficit with the rest of the world. He sees the gap as a sign of economic weakness and as the result of bad trade deals and abusive practices by America’s trading partners. …

    (Excerpt) Read more at apnews.com ...
     
    • Winner Winner x 1
    • Informative Informative x 1
  2. Correll
    Online

    Correll Diamond Member

    Joined:
    Mar 16, 2015
    Messages:
    54,447
    Thanks Received:
    6,272
    Trophy Points:
    1,870
    Ratings:
    +33,552
    That is very encouraging.
     
  3. candycorn
    Offline

    candycorn Alis volat propriis

    Joined:
    Aug 25, 2009
    Messages:
    54,744
    Thanks Received:
    6,215
    Trophy Points:
    1,830
    Ratings:
    +23,351
    That Americans can’t afford the things they want is less than encouraging.
     
    • Funny Funny x 3
    • Agree Agree x 1
  4. Correll
    Online

    Correll Diamond Member

    Joined:
    Mar 16, 2015
    Messages:
    54,447
    Thanks Received:
    6,272
    Trophy Points:
    1,870
    Ratings:
    +33,552


    Explain how the information provided, can only mean that.
     
  5. candycorn
    Offline

    candycorn Alis volat propriis

    Joined:
    Aug 25, 2009
    Messages:
    54,744
    Thanks Received:
    6,215
    Trophy Points:
    1,830
    Ratings:
    +23,351
    What do you think tariffs do?
     
  6. Correll
    Online

    Correll Diamond Member

    Joined:
    Mar 16, 2015
    Messages:
    54,447
    Thanks Received:
    6,272
    Trophy Points:
    1,870
    Ratings:
    +33,552

    Encourage people to buy American.

    Now, please explain your conclusion.
     
    • Thank You! Thank You! x 1
  7. candycorn
    Offline

    candycorn Alis volat propriis

    Joined:
    Aug 25, 2009
    Messages:
    54,744
    Thanks Received:
    6,215
    Trophy Points:
    1,830
    Ratings:
    +23,351
    How does it “encourage people to buy American”?
     
  8. Correll
    Online

    Correll Diamond Member

    Joined:
    Mar 16, 2015
    Messages:
    54,447
    Thanks Received:
    6,272
    Trophy Points:
    1,870
    Ratings:
    +33,552

    By making imports less competitive to American products.


    Are you going to be explaining your conclusion soon?
     
  9. candycorn
    Offline

    candycorn Alis volat propriis

    Joined:
    Aug 25, 2009
    Messages:
    54,744
    Thanks Received:
    6,215
    Trophy Points:
    1,830
    Ratings:
    +23,351
    You’re explaining it for me. It raises the prices of things that Americans have bought. That they can no longer afford them is not a good sign.
     
  10. Indeependent
    Online

    Indeependent Platinum Member

    Joined:
    Nov 19, 2013
    Messages:
    36,817
    Thanks Received:
    3,157
    Trophy Points:
    1,115
    Ratings:
    +19,418
    I shop and I have no idea where you conjure up this nonsense.
     
    • Thank You! Thank You! x 2

Share This Page