Trade Deficit Widens, Exports Flat, Imports Rise: Trump Will Howl

For October, exports were down less than $0.1 billion while imports rose $3.8 billion.

The Census Bureau report on International Trade in Goods and Service for October 2017 shows that the goods and services deficit was $48.7 billion in October, up $3.8 billion from $44.9 billion in September, revised.

October exports were $195.9 billion, down less than $0.1 billion from September exports. October imports were $244.6 billion, $3.8 billion more than September imports.

Average Goods and Services Deficit for 3 Months Ending in October

  • Average exports of goods and services increased $0.8 billion to $195.2 billion in October.
  • Average imports of goods and services increased $2.0 billion to $241.2 billion in October.

Year-Over-Year Average Goods and Services Deficit for 3 Months vs October 2106

  • Average exports of goods and services increased $8.2 billion from October 2016.
  • Average imports of goods and services increased $13.2 billion from October 2016.

These results have Trump howling once again about foreign unfair trade practices.

Mike "Mish" Shedlock

Comments
No. 1-6
shamrock
shamrock

The more he howls the worse it gets. I don't think his plan is working.

Stuki
Stuki

When the rest of the world makes stuff, while the US makes debt certificates, what did the morons think was going to happen?

JonSellers
JonSellers

China is happy to trade real goods for debt certificates. Its goal is not to be profitable. Its goal is to be the world's manufacturing leader and to have a highly skilled manufacturing work force. Our problem starts when China reaches its goal and doesn't need to sell to us anymore.

lol
lol

trump is exactly (lock step) like barak Obama,speak loudly but carry a twig lol,trade deficit soring budget deficit through the roof,dept everywhere rocketing straight up,barack trump in action

Realist
Realist

Trump wants tax cuts to stimulate the economy further. If he succeeds and gives more money to consumers and businesses, this will result in more purchases of goods from offshore. The trade deficit will expand further, and the federal deficit will also expand (less tax revenue). Meet the new boss; Same as the old boss. The U.S. just got fooled again!