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Trade Deficit Widens Again: Expect More Trump Howls

IMG Auteur
Mish
Global Economic Analysis
Published : March 30th, 2018
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Category : Opinions and Analysis

Trump is sure to howl over this month's trade report. The trade deficit rose again.

The BEA's Advance International Trade report shows the deficit in February rose by 0.1 percent to $75.4 billion. However, the BEA revised January from a deficit of $74.4 billion to a deficit of $75.3 billion.

  • The international trade deficit was $75.4 billion in February, up $0.1 billion from $75.3 billion in January.
  • Exports of goods for February were $136.5 billion, $2.9 billion more than January exports.
  • Imports of goods for February were $211.9 billion, $3.0 billion more than January imports.

Effectively, the deficit increased by $1.0 billion, 1.3% not 0.1%.

The widening deficit is sure to bring howls from Trump.
Source : www.themaven.net
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IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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