The Census Bureau report on International Trade in Goods and Service for October 2017 shows that the goods and services deficit was $48.7 billion in October, up $3.8 billion from $44.9 billion in September, revised.
October exports were $195.9 billion, down less than $0.1 billion from September exports. October imports were $244.6 billion, $3.8 billion more than September imports.
Average Goods and Services Deficit for 3 Months Ending in October
- Average exports of goods and services increased $0.8 billion to $195.2 billion in October.
- Average imports of goods and services increased $2.0 billion to $241.2 billion in October.
Year-Over-Year Average Goods and Services Deficit for 3 Months vs October 2106
- Average exports of goods and services increased $8.2 billion from October 2016.
- Average imports of goods and services increased $13.2 billion from October 2016.
These results have Trump howling once again about foreign unfair trade practices.
Mike “Mish” Shedlock
Follow the money and the United States huge trade deficit with Mexico becomes even more disturbing as you begin to understand where the money eventually ends up. When you start thinking about all the money and jobs we shift into Mexico each year you would think by now Mexico would be rolling in cash.
A bit of research quickly confirms that the money Mexico receives by way of trading with America quickly passes through its lands and flows to Asia. It could be argued that when all is said and done we are still transferring our wealth to the far east only by the scenic route. More on the problem with this in the article below.
http://Follow The Money-The US Trade Deficit With Mexico Benefits China.html
trump is exactly (lock step) like barak Obama,speak loudly but carry a twig lol,trade deficit soring budget deficit through the roof,dept everywhere rocketing straight up,barack trump in action
China is happy to trade real goods for debt certificates. Its goal is not to be profitable. Its goal is to be the world’s manufacturing leader and to have a highly skilled manufacturing work force. Our problem starts when China reaches its goal and doesn’t need to sell to us anymore.
When the rest of the world makes stuff, while the US makes debt certificates, what did the morons think was going to happen?
The more he howls the worse it gets. I don’t think his plan is working.