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Thu Sep 3, 2020, 11:36 AM

US trade deficit surges in July to highest in 12 years

Source: Associated Press

WASHINGTON (AP) — The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount.

The Commerce Department reported that the July deficit, the gap between what America buys and what it sells to foreigners, was 18.9% higher than the June deficit of $53.5 billion. It was the largest monthly deficit since July 2008 during the 2007-2009 recession.

The July deficit increase was driven by a record 10.9% increase in imports which rose to $231.7 billion. Exports were also up but by a smaller 8.1% to $168.1 billion.

When Donald Trump campaigned for president in 2016 he pledged to sharply lower the country’s large trade deficits, especially with China, which for years has been the country with the largest trade surplus with the United States.



Read more: https://apnews.com/dd93ecd3cafc5df88a8f9f4a61693b07?utm_medium=AP&utm_source=Twitter&utm_campaign=SocialFlow

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Reply US trade deficit surges in July to highest in 12 years (Original post)
Suburban Warrior Sep 3 OP
Wuddles440 Sep 3 #1
Wellstone ruled Sep 3 #2
SergeStorms Sep 3 #3
Stallion Sep 3 #4
ancianita Sep 3 #5
mikeysnot Sep 3 #6
RussBLib Sep 3 #7
honest.abe Sep 3 #8
okaawhatever Sep 3 #9

Response to Suburban Warrior (Original post)

Thu Sep 3, 2020, 11:42 AM

1. So much winning!!! MRGA!

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Response to Suburban Warrior (Original post)

Thu Sep 3, 2020, 12:04 PM

2. If it was not for Covid

this number would have been at least double. So friggin much winning.

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Response to Suburban Warrior (Original post)

Thu Sep 3, 2020, 12:06 PM

3. So much winning!

Trump promised all of those jobs would come back to the U.S.

Trump promised his tariffs would even the playing field with China.

Trump promised he'd forsake all others when he married Malaria.

Trumps promises are as empty as his freaking head.

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Response to Suburban Warrior (Original post)

Thu Sep 3, 2020, 12:23 PM

4. Obama Did Trade Deficits Better

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Response to Suburban Warrior (Original post)

Thu Sep 3, 2020, 12:29 PM

5. It's also a setup for foreign creditors to own US land assets as debt payment.

The idea is to end Constitutional rule of law by eventual corporate rule by global fictional personhoods.

Trump is helping globalists do this.

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Response to Suburban Warrior (Original post)

Thu Sep 3, 2020, 12:36 PM

6. And who was president 12 years ago?

republican presidents kill.

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Response to Suburban Warrior (Original post)

Thu Sep 3, 2020, 12:36 PM

7. Another point for Biden to hammer

Another broken promise, and this one was broken long before the virus hit.

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Response to Suburban Warrior (Original post)

Thu Sep 3, 2020, 01:35 PM

8. Make America Broke Again.

Thanks Trump.

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Response to Suburban Warrior (Original post)

Thu Sep 3, 2020, 10:36 PM

9. So basically it hasn't been this high since the last time a

Republican was President. Good to know.

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