Winning? US Goods Trade Deficit Surges Near Record High

Do not show this to President Trump, he will not be happy…

In the few months since President Trump unleashed his trade war, predicated on managing back America's massive merchandise trade deficit, things have gone very wrong, judging by the numbers.

Against expectations of a $70.6 billion deficit, August's goods trade balance plunged to $75.8 billion - just shy of July 2008's record high deficit of $76.025 billion…

Notably, the trade deficit was worse than the forecast range $68b to $73.9b from 36 economists.

Whether this reflects pre-emptive actions ahead of actual tariffs is unclear:

Exports fell 1.6% in Aug. to $137.912b from $140.199b in the prior month

Imports rose 0.7% to $213.742b in Aug. from $212.246b in July

With exports of food and beverage and Industrial supplies plunging in August (and consumer goods surging).

Imports were dominated by a 3.2% increase in Automotives.

archive.fo/53271
zerohedge.com/news/2018-09-27/us-trade-balance-plunges-near-record-high-deficit-dont-tell-trump

Attached: US Goods Trade Deficit Surges Near Record High.jpg (890x447, 50.47K)

Now THIS is legitimate criticism of Trump's policies, unlike the hyperbole circus show by the MSM.

We're de-industrialized… we need to get real productive industry back to America and it looks like this is much more difficult than expected. How can we compete with China who has slave labor and a corporate tax that was reduced to 0%?

If you aren’t getting ready for a crash your gonna get fugged

I cant claim to understand or even give a damn about your jewish number voodoo bullshit, I just know that things are getting better and shit is moving along, or at least attempts are being made. Which is more than what could be said for obongo, dubya and bubba bill. So yes, we are indeed winning.

This.

Oh, I'll agree Trump is better than other previous presidents any fucking day. I voted for him. But sorry, this does matter. Economics matters. Whether its good or bad, I hate bad news like anyone else but it matters.

Does this have something to do with the Fed raising interest rates?

Fair enough but can you stop typing like a faggot please?

I'm sorry for you

The U.S. Is in the middle of a trade war, of course it is going to get worse before it gets better.
The question is more if he is going to win in the end.

Huh?


Nah, I don't regret it. Do not regret it at all. I would have HATED another Clinton, let alone someone like Hillary (Bill was tolerable, Hillary no way).


Sure. Like he said "we already lost the trade war", we did, because we outsourced out fucking industry in the 80s and 90s. What the HELL were we thinking?

People were thinking about letting the Chinese do all the work while they sit around cashing cheques and sipping champagne.
But when somerthing seems too good to be true it usually is.

If there was one meme that could describe that kind of fuzzy logic it would be the scene of Alex Keaton (from Family Ties) smoking a pipe looking the other direction while walking right into a wall.

delusional. obama brought the economy back from shit to storming back. trump doesn't understand economics. he's stuck on this "trade deficit" nonsense, not realizing that if america is importing a lot of cheap goods, it probably means that american companies are using a lot of those imported raw materials to manufacture and imported wholesale good to sell at retail in the US. It means american business is doing GOOD if it can import a lot of shit.

Put it this way: who's doing better, the person who has to have a yard sale to make a few bucks on his shit by selling it to other people, or the person who is ordering whatever they want and moving it into their home?

No, he did not. I'm not going to blame him for bailing out the big banks, but thats the only "cushion" our economy has had since 2008. There has been NO recovery. Not then and not today. You are delusional for thinking a DE-industrialized nation that relies on bank bailouts and corporate welfare (subsidies) is somehow doing "great"….

It was great in the 1950s folks, those days are OVER. Hopefully we can bring them back. As much as I trust Trump to do whats right, I know this can't be easy and he may fail, it is a possibility his policies might be "too late" to change anything.

Jim Willie, an outstanding economist, made a very good point: the US shot itself in the knee caps, once in the 80s and once in the 90s over the outsourcing issue. You cannot outsource your industrial base and continue being a capitalist nation. This was proven after all the bank bailouts, the massive QE helicopter spending by the Fed and now even insolvent investors are being bailed out with taxpayer money. Jim Willie has a message for you: there's your socialism! Your fear for socialism is already here!

The (((Federal Reserve))) caused the crash of 1929. Despite what their propaganda say, they can do it again and at anytime they like (to strategically advance their goals.) The (((Federal Reserve))) is no friend to anyone—no goyim, no nation—but to Zionists interest alone.

This is why I was wondering if the Fed rising interest rates has something to do with this. It seems to me they are trying to do this to prevent a real America First economic policy from being successful. Ironically (being a Zionist himself) Trump actually complained about the Fed's new policies.

In China, prices are soaring while wages remain low. College graduates cannot afford to move out from their parents homes.

They have legalized slave labor, the US does not.

If we brought back industry to the US it would create another middle class prosperity BOOM like the 50s.

bumping real news

How conflicting of interest

Zero Hedge is not a partisan outlet. They'll post truth about pretty much anything, not caring who is on the other end of the slander.

I thought trade deficits didn't matter?

Everything economic matters, its just that some people like to ignore it when "they're team" happens to be the ones in political control. Nothing has really gotten better, it always continues to gradually get worse over time. Has been this way since the 70s as far as I can recall.