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Thu Dec 6, 2018, 10:02 AM

Trump's Trade Deficit Tumbles To Worst In A Decade As China Gap Hits Record High

While the stock market has been suggested as the measure of Trump's success (by his own team), one look at the US goods trade balance (cough deficit cough) and you would not be wrong in questioning his administration's success (for now).

The US good trade deficit was $55.5 billion in October (worse than the $55.0 billion expected and well down from the $54.6 billion revised print for September). This is the biggest US deficit since October 2008, underscoring continued fallout from the trade dispute with China. The goods trade gap with China widened to a record.



https://www.zerohedge.com/news/2018-12-06/trumps-trade-deficit-tumbles-worst-decade-china-gap-hits-record-high

4 replies, 66 views

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Reply Trump's Trade Deficit Tumbles To Worst In A Decade As China Gap Hits Record High (Original post)
Troll2 Dec 6 OP
Independent.mind Dec 6 #1
Troll2 Dec 6 #2
FreeWheelBurning Dec 6 #3
Independent.mind Dec 6 #4

Response to Troll2 (Original post)

Thu Dec 6, 2018, 10:15 AM

1. Doesn't appear the tariffs have slowed imports, just exports

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Response to Independent.mind (Reply #1)

Thu Dec 6, 2018, 10:17 AM

2. I think that the US importers are building inventory to beat higher tariffs in the future

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Response to Troll2 (Reply #2)

Thu Dec 6, 2018, 10:24 AM

3. That is a possibility

I would also like to know if this record amount is actual dollars or adjusted for inflation.

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Response to Troll2 (Reply #2)

Thu Dec 6, 2018, 10:30 AM

4. It is possible.

Hedging like that is a high-risk proposition.
Retailers in particular don't like to pre-purchase larges amounts of inventory

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