US trade deficit climbs to 10-year high despite tariffs

US trade deficit climbs to 10-year high despite tariffs

The US trade deficit jumped to a 10-year high in October, suggesting the administration’s tariff-related measures to shrink the trade gap likely have been ineffective. The trade deficit increased 1.7 percent to $55.5 billion, the highest level since October 2008. The trade deficit with China soared 7.1 percent to a record $43.1 billion in October.

KCooper
KCooper
Rocky LeBlanc
Rocky LeBlanc 1 year

This is hilarious. Trade deficit literally means nothing. In trade there is no loser. We give them money and they give us the products we want at the best price the market has available. The trade deficit rising only shows strong economy and higher consumer confidence's impact on imports.

M.Twain
M.Twain 1 year

RL you might want to tell Trump that, he started a trade war over the trade deficit.

Evolved Ape
Evolved Ape 1 year

I thought this was because everyone was trying to get their goods in before more tariffs?

Nicolas Uppal
Nicolas Uppal 1 year

I fucking love Trunp

david dindu
david dindu 1 year

looks like we need to tariff more

Top in Business
Get the App