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.


Trump Accuses China of Meddling in US Elections

The Des Moines Register reports Citing ad in Des Moines Register, Trump accuses China of meddling in U.S. elections.

Twice Wednesday, President Donald Trump pointed to a Chinese government-backed advertising insert in the Des Moines Register as evidence Beijing is trying to interfere in the U.S. midterm elections.

“Regrettably, we found that China has been attempting to interfere in our upcoming 2018 election, coming up in November, against my administration,” Trump said at a meeting of the United Nations Security Council on Wednesday.

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

Corn Exports Plunge but Trump "Not Ready to Make a Deal With China"

Trade tensions will not go away as Trump keeps fanning the flames while putting on an air of nonchalance.

Trade Deficit Widens Despite Tariffs: Record Deficits With China, Mexico

Today's trade report will set off hows from trump. Imports up, exports down. Record deficits with China and Mexico.

Goods and Services Trade Deficit Declines in Jan as Agricultural Exports Rise

China is again buying soybeans. US imports declined on falling demand. The trade deficit shrunk as a result.

Trade Deficit Widens, Exports Weak: Economists Miss the Mark

The Census Bureau reports the International Trade Deficit in Goods widened by $2.5 billion (3.8 percent), with exports down and imports up.

Remaking the TPP Without the US: US Ag Exports to Japan Will Plunge

The US left the TPP when Trump took office. The world moved on. It's now the CPTPP. Some call it the anti-Trump pact.

China Halts All US Ag Imports, Trump Accuses China of Currency Manipulation

It didn't take long for China to retaliate against Trump's trade war escalation. It did so by halting all US ag imports.

October Exports Down 1% Imports Up 1.5%: Expect Trump to Howl

The balance of trade deficit increased sharply in October with exports down and imports up.

Import and Export Prices Plunge

Economists underestimated the magnitude of a decline in import prices and missed the boat entirely on export prices.

Trade Deficit Jumps 9.5% to 5-Month High: Exports Down, Imports Up

Trump will howl over the latest trade report. The deficit widened 9.5% to a 5-month high. China and the EU led the way.