Agricultural Exports Plunge, Trump Accuses China of Meddling in US Elections

The census dept reports the trade deficit widened by 5.3% with ag exports down 9.5%. Trump was already annoyed.

The Census Bureau advance report on International Trade in Goods shows the international trade deficit was $75.8 billion in August, up $3.8 billion from $72.0 billion in July.

  • Exports of goods for August were $137.9 billion, $2.3 billion less than July exports.
  • Imports of goods for August were $213.7 billion, $1.5 billion more than July imports.

International Trade Details

Year-over-year exports rose more than imports but nearly every other aspect of the report looks miserable.

Agricultural exports are down 9.5% from July and a whopping 15.2% since June.

China Places Ad in Des Moines Iowa Register

Striking back at the agricultural belt, China took out ads in the Des Moines Register.

Trump Accuses China of Meddling in US Elections

The Des Moines Register reports Citing ad in Des Moines Register, Trump accuses China of meddling in U.S. elections.

Twice Wednesday, President Donald Trump pointed to a Chinese government-backed advertising insert in the Des Moines Register as evidence Beijing is trying to interfere in the U.S. midterm elections.

“Regrettably, we found that China has been attempting to interfere in our upcoming 2018 election, coming up in November, against my administration,” Trump said at a meeting of the United Nations Security Council on Wednesday.

Our Farmers Will Make a Fortune

"Our farmers will make a fortune when this is over."

When will that be?

Today's report will have Trump howling even louder. Agricultural exports are way down.

Expect more foolish retaliation by both sides.

Mike "Mish" Shedlock

Comments (9)
No. 1-7
Zardoz
Zardoz

Doesn’t matter how hard or how often he beats her, the GOP will stay loyal, because that’s what battered wives DO.

thimk
thimk

we will never recoup the lost agribusiness with china. farmers will have to plant a different crop or ?. with our unstable political/legal environment foreign direct investment will dry up . the world is laughing at us .

Sechel
Sechel

This country is good at agriculture, its not so good at steel. Why would we not want to embrace and build on our strenghts. Agrictulture today is very high tech. GDP is GDP

Realist
Realist

It’s sad to see Trump repeating the same mistake over and over. I imagine it won’t matter how much harm he does to American farmers though; he will just increase the amount of farm subsidies and call it “winning”.

KidHorn
KidHorn

At least the Chinese are obvious about it. They don't create fake protests like the CIA does.