Skip to main content

US Reports Biggest Trade Deficit Since The Financial Crisis - Zerohedge

Meanwhile, the countries that should be worried they are about to fall in Trump's trade war sights and resulted in a US trade deficit, included China ($34.7), European Union ($15.3), Germany ($6.7), Mexico ($6.6), Japan ($6.0), Italy ($2.8), OPEC ($2.3), India ($1.9), Taiwan ($1.5), France ($1.4), South Korea ($1.1), Saudi Arabia ($0.4), and Canada ($0.4).
More importantly, it's not just China: the deficit with Mexico increased $1.0 billion to $6.6 billion in February, while the deficit with Germany increased $0.4 billion to $6.7 billion in February.  Meanwhile, the deficit with Canada decreased $1.2 billion to $0.4 billion in February.
Finally, if you want to get Trump really mad, tell him that when stripping away petroleum products - which recently saw record US exports thanks to shale - the US trade deficit has never been greater.

Source: US Reports Biggest Trade Deficit Since The Financial Crisis - Zerohedge

Comments

Post a Comment

Popular posts from this blog

Letter: Why the geopolitics of international currency choice matters - FT

This coincidence must alert readers that a tempest is brewing on subjects noted: lurking inflation, increasing debt, suppressed interest rates and the shifting of hegemonic power.  There are only two important questions in investing that also apply to subjects impacting the future stability of the world — tell me why and tell me when.  Plender gives us the “why”, the ever-increasing “intolerable burden” of government debt and suppressed rates leveraging the global financial system. He gives us the tipping point.  What we await is “the when”, as in when do we know we have “tipped”.  Paul Hackett Madison,  NJ, US    Letter: Why the geopolitics of international currency choice matters
Post a Comment
Read more

How The Economic Machine Works by Ray Dalio - Bridgewater

Source: How The Economic Machine Works by Ray Dalio
Post a Comment
Read more

Best of the week - FT

  Bondi attacks show old hatreds are flourishing again — Stephen Bush The worried investor’s guide to 2026 — Katie Martin We urgently need to rebalance EU-China relations — Emmanuel Macron The argument Iranians have in private — Najmeh Bozorgmehr The hard politics of climate overshoot — Pilita Clark
Post a Comment
Read more