US trade gap fell 2.7% in July including the gap with China

[The Purge]

The U.S. trade deficit declined in July, including the gap with China that has been the focus of President Donald Trump’s tariffs.

The Commerce Department said Wednesday that the gap between the goods and services the U.S. buys and what it sells abroad fell 2.7% to $54 billion in July from June. Exports rose 0.6% to $207.4 billion, while imports ticked down 0.1% to $261.4 billion. Compared to a year ago, the average trade gap has increased $7 billion.

Trade has become a sensitive topic for the global economy as the United States has escalated a tariff war with China. Trump has been taxing Chinese imports in hopes of reducing the trade gap and receiving better terms for trade, yet his moves have generated uncertainties that have hurt growth and pushed manufacturing into a slowdown.*

By Dec. 15, the United States is scheduled to tax almost every Chinese import. …

Read more at apnews.com ...

How dare Trump do what he said he would. (So they have to throw in the *fake news.)

 

[Picaro]

You can't fix decades of out-sourcing scams overnight. But you can get rid of the many subsidies for them and the tariffs are pretty modest anyway.

I expect the Red Chinese and WTO will cave by Dec.15, when they lose their two judges to term expiration, but I hope Trump accepts nothing but full reform and not dicker with them, since they never honor deals anyway, and we have no reason to think they will now.

 

[william the wie]

Investment is shifting from manufacturing to construction. With supply chains moving and the dollar strengthening the rest of the world is tanking.

 

[Agit8r]

Next they are waging a Trade War on Christmas

Trump is delaying tariffs on some Chinese products in a temporary trade war ceasefire