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The Census Bureau advance report on International Trade in Goods shows the international trade deficit was $75.8 billion in August, up $3.8 billion from $72.0 billion in July.

  • Exports of goods for August were $137.9 billion, $2.3 billion less than July exports.
  • Imports of goods for August were $213.7 billion, $1.5 billion more than July imports.

International Trade Details

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Year-over-year exports rose more than imports but nearly every other aspect of the report looks miserable.

Agricultural exports are down 9.5% from July and a whopping 15.2% since June.

China Places Ad in Des Moines Iowa Register

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Striking back at the agricultural belt, China took out ads in the Des Moines Register.

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Our Farmers Will Make a Fortune

"Our farmers will make a fortune when this is over."

When will that be?

Today's report will have Trump howling even louder. Agricultural exports are way down.

Expect more foolish retaliation by both sides.

Mike "Mish" Shedlock