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Economics

Trade Deficit Shrinks in Trump America

Written by Joe Scudder

The U.S. trade deficit gets smaller as American exports increase!

Donald Trump had addressed the U.S. trade deficit during his campaign and, now, it has begun to be reduced. We will have to wait and see if this is a lasting trend or not. But it’s a good start and it raises the possibility (ha! At least!) that the media mockery of Trump’s ability to do better for the American economy was undeserved.

ABC News posted the headline, “US trade deficit narrowed to $43.6 billion in June.

The U.S. trade deficit narrowed in June as exports hit the highest level in 2 years.

The Commerce Department said Friday that the trade gap slid 5.9 percent in June to $43.6 billion.

Exports of goods and services rose 1.2 percent to $194.4 billion, the highest amount since December 2014 on higher foreign demand for American soybeans, computer accessories and other products. Services exports reached a record $65.4 billion.

 

Overall imports slipped 0.2 percent to $238 billion on a drop in demand for cellphones and other household goods.

Read the entire story.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

Joe Scudder

Joe Scudder is the "nom de plume" (or "nom de guerre") of a fifty-ish-year-old writer and stroke survivor. He lives in St Louis with his wife and still-at-home children. He has been a freelance writer and occasional political activist since the early nineties. He describes his politics as Tolkienesque.

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