A prolonged global trade war will add fuel to a nasty global recession.

But look at the bright side. It's a surefire way to reduce imports more than exports.

The bigger the recession, the bigger Trump's alleged "win".

Mike "Mish" Shedlock

Mission Impossible: Tariffs Didn't Reduce the Trade Deficit (Deals Won't Either)

Trump is on an impossible mission. Tariffs will not reduce the trade deficit and will likely make matters worse.

Trade Deficit Widens by 1.7% With China Leading the Way

Exports fell 0.1% and imports rose 0.2%. The result was a widening of the trade deficit to $55.5 billion.

Trade Deficit Unexpectedly Shrinks in March

The advance trade report broke a string of increasing goods deficits in March, shrinking 10.3%.

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.

Trade Deficit Unexpectedly Widens (And It Will Get Worse)

The trade deficit widened to $-74.4 billion from $-72.3 billion. Economists expected the deficit to shrink slightly.

Net Exports Decline, Trade Deficit Rises: Exports +3.0%, Imports +3.7%

Trump will not exactly be pleased as the trade deficit in goods is headed the wrong way for his liking.

More Winning: Trade Deficit Deepens Much More Than Expected

The US trade deficit widened to $55.5 billion from a negatively revised $51.2 billion. The consensus was $53.5 billion.

Trade Deficit Widens, Once Again More Than Consensus

It's a never-ending trade deficit story. And the pace is accelerating.

Trade Deficit Widens 6.3% to $72.2 Billion, Worse than Expected

Economists expected the trade deficit to widen, but the report was outside the range of any estimate.