Wednesday, June 26, 2019 1:42 PM EDT
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.
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Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.
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