US trade deficit surges to five-month high

US trade deficit surges to five-month high

The US trade deficit jumped to a five-month high in May as imports of goods increased. The Commerce Department said on Wednesday the trade deficit surged 8.4 per cent to $55.5 billion. In May, goods imports increased 4.0 per cent to $217.0 billion. Goods exports rose 2.8 per cent to $140.8 billion.

Rocky LeBlanc
Rocky LeBlanc 1 year

Here we go again with the economically ignorant claims of trade deficit. Once more trade deficits do not negativity or possitively affect either nation involved. If anything a trade deficit shows the country willing to trade cash for product is in a better position economically than the country producing the product. Trade is a mutually beneficial transaction where both parties get fair value for the products of their labor. There is no loser in free trade.🤦

Star Alien
Star Alien 1 year

Im sure trump is fixing the economy.

Timmeh, Little Loud
Timmeh, Little Loud 1 year

So if you import more than you export that puts you in a stronger position. Except when Theresa the Appeaser is in charge. Then you are on the weak side of the negotiations.

Top in Business
Get the App