The Bad News is Not New News for President Trump’s Deficit Metric — Panjiva


The Bad News is Not New News for President Trump’s Deficit Metric

China 1758 Mexico 505 Trade Balance 657 U.S. 3297

U.S. trade activity in November slowed markedly with growth of just 3.4% year over year compared to 7.8% in the prior three months. While export growth of 4.5% in merchandise outpaced imports’ 3.5% that wasn’t sufficient to prevent a small expansion in the trade deficit – the Trump administration’s key trade metric – to $49.3 billion. That was driven by worsening trade with China – U.S. exports slumped 31.0% while imports fell just 3.2% with a net difference for the month of $2.53 billion. That won’t help the mood of negotiations regarding future...

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