Trade Deficit Jumps 5.5% as Exports Decline and Imports Rise: Winning Not

Several advance economic reports for June came out today. Inventories were flat and the trade deficit rose.

The Census Bureau Monthly Advance Report on inventories and Trade shows the trade deficit widened by 5.5% while wholesale and retail inventories were flat.

The chart shows June vs May.

These are the final reports ahead of GDP report tomorrow morning.

Mike "Mish" Shedlock

Comments
No. 1-4
CzarChasm-Reigns
CzarChasm-Reigns

Any log jam trying to clear customs? It has to be tough on the front lines: "To tariff or not to tariff?" That is the question that only the freshest of tweets can answer.

oudaveguy98
oudaveguy98

Could companies be gaming the headlines and tariff timelines by increasing imports into the US before the tariffs bite into the bottom line?

shamrock
shamrock

GDP Now dropped 70 basis points to 3.8. A last ditch effort to save face 1 day ahead of the 1st estimate?

shamrock
shamrock

Having Trump as the face of your country surely cannot help sales. Sad.