Net Exports Decline, Trade Deficit Rises: Exports +3.0%, Imports +3.7%

-edited

Trump will not exactly be pleased as the trade deficit in goods is headed the wrong way for his liking.

Advance International Trade in Goods

  • The international trade deficit was $74.5 billion in May, up $3.6 billion from $70.9 billion in April.
  • Exports of goods for May were $140.2 billion, $4.1 billion more than April exports.
  • Imports of goods for May were $214.7 billion, $7.8 billion more than April imports.

No Tweets yet from Trump.

This is a small negative for US GDP estimates.

Mike "Mish" Shedlock

Comments (7)
No. 1-5
Sechel
Sechel

As long as its a better deal to buy over-seas instead of produce and consume we'll continue to do so. Only way around it is to lower our standard of living

Sechel
Sechel

U..S. specializes in niche exports with higher profit margins.

Mike Deadmonton
Mike Deadmonton

OMG, Trump seems to really believe the US is collecting its tariffs from China. That is his grandiose scheme if a trade deal can't be reached. Meanwhile, just keep printing more money to make up for the tax cuts.

Sechel
Sechel

maybe he does know better and is simply lying to his base. not that it matters

Menaquinone
Menaquinone

World is in a net recession due to credit default and tariffs. USA is still growing. Trump tax cuts and the fed spiked the punch bow. Retail sales are largely on credit but people with new jobs do that.