Trade Deficit Widens, Exports Flat, Imports Rise: Trump Will Howl

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Published : December 07th, 2017
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Category : Opinions and Analysis
For October, exports were down less than $0.1 billion while imports rose $3.8 billion.

The Census Bureau report on International Trade in Goods and Service for October 2017 shows that the goods and services deficit was $48.7 billion in October, up $3.8 billion from $44.9 billion in September, revised.

October exports were $195.9 billion, down less than $0.1 billion from September exports. October imports were $244.6 billion, $3.8 billion more than September imports.

Average Goods and Services Deficit for 3 Months Ending in October

  • Average exports of goods and services increased $0.8 billion to $195.2 billion in October.
  • Average imports of goods and services increased $2.0 billion to $241.2 billion in October.

Year-Over-Year Average Goods and Services Deficit for 3 Months vs October 2106

  • Average exports of goods and services increased $8.2 billion from October 2016.
  • Average imports of goods and services increased $13.2 billion from October 2016.

These results have Trump howling once again about foreign unfair trade practices.

Source : www.themaven.net
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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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