U.S. goods trade deficit rises as exports fall
 

U.S. goods trade deficit rises as exports fall
WASHINGTON (Reuters) - The U.S. goods trade deficit widened sharply in July as exports of agricultural products tumbled, suggesting trade will likely be a drag on economic growth in the third quarter.
https://www.reuters.com/article/us-u...-idUSKCN1LD1KT

https://www.thebalance.com/thmb/1fat...002c1e0c32.png

https://www.thebalance.com/trade-def...county-3306264

This is not possible...trump said there would be MAGA...

Import will cut - another way fix problem with the trade deficits. USA fast will lose goods on 200billions in the domestic market.

Trump to Back $200 Billion China Tariffs as Early as Next Week, Sources Say
https://www.bloomberg.com/news/artic...y-as-next-week

Maga!!!!!!!!!!!!!!

https://www.foxbusiness.com/politics...s-big-pr-stunt

“This whole thing about NAFTA is much ado about nothing,” David Stockman said during an interview on Friday with FOX Business’ Dagen McDowell. “There wasn’t really anything wrong with NAFTA, and what’s going on now is negotiations because Trump wants to have some kind of big PR stunt.”

"new decrees will not only raise the cost of autos and auto parts in the U.S., but require officials in Washington to waste time determining whether the deal is being followed or not"

MAGNA


btw Stop calling them Tariffs, there a hidden tax that the American people are paying.

:1orglaugh
Canada - $582 billion traded with an $18 billion deficit.
Mexico - $557 billion traded with a $71 billion deficit.

trade deficit $18 billion+ $71 billion in NAFTA not problem for David Stockman because trump bad, amazing expert :1orglaugh

correct because US and Canada did not have a trade deficit.
NOW they have.

this "new rules" have been already existing before. they are just more complicated now

THIS is what most of them not understand that THEY have to pay the bill.

Canada is from the table right now because trump made off the records statements to bloomberg and thinks they keep it secret. what a moron !!!

>only raise the cost of autos and auto parts in the U.S.
not Trump want production auto inside and American cars


Does Trump want to drive German cars out of America?
Last week, President Donald Trump threatened to slap heavy tariffs on imported cars. The president asked Commerce Secretary Wilbur Ross to consider whether the imports of automobiles, including trucks and automotive parts, threaten U.S. national security. The move prompted an outcry from U.S. lawmakers as well as the foreign car companies. And investors reacted by selling shares of big European automakers, with both BMW and Daimler dropping on May 24 more than 3 percent in European trading on the news.

This week, German magazine Wirtschaftswoche reported that President Donald Trump told told French President Emmanuel Macron he wants German carmakers out of the U.S. all together, according to Reuters.
https://www.cbsnews.com/news/does-tr...ut-of-america/

he seems to forget that german carfactories in US providing a few 100 k jobs there.
but let this senile old fart ruin the country. suffering is the best school for his voters.

I love Canada, but they’ve taken advantage of our Country for many years! (c) Trump
https://twitter.com/realDonaldTrump/...50173224824832

There is no political necessity to keep Canada in the new NAFTA deal. If we don’t make a fair deal for the U.S. after decades of abuse, Canada will be out. Congress should not interfere w/ these negotiations or I will simply terminate NAFTA entirely & we will be far better off. Remember, NAFTA was one of the WORST Trade Deals ever made. The U.S. lost thousands of businesses and millions of jobs. We were far better off before NAFTA - should never have been signed. Even the Vat Tax was not accounted for. We make new deal or go back to pre-NAFTA! (c) Trump
https://twitter.com/realDonaldTrump/...05988682018816

Workplaces yes, but profit :1orglaugh
if trade deficit continues to rise - will be USA bankruptcy, debt can't unlimited growth.

"Stick with us. Don't believe the crap you see from these people, the fake news. ... What you're seeing and what you're reading is not what's happening."

"This country is doing better than it's ever has before, economically...It's all working out. Just remember: what you're seeing and what you're reading is not what's happening."

the trade deficit is on paper but not in real.
it is a consequence of crazy calculation of re-imports.

many Canadian and US companies order together to get a better price and lower shipment costs. so let´s say each of this 2 companies are ordering goods for 1 billion from abroad and this 2 billion goods enter in Canada. now 1 billion for the US company is shipped from Canada to the US - than they calculate it on the trade balance between canada and USA what is not the case.

if you just take the imports and exports from goods produced in one of the both countries the US have a surplus with Canada.

but the old fucker can´t calculate - he just want to play war and he does not seem to accept that the last country in the world that can stand a trade war is the US because no country on this planet have that much debt.

https://ustr.gov/countries-regions/americas/canada

from this months on the tariffs will be visible in the market prices and trump takes back from the american people what he gave them with the tax cut.

re-import from China through Canada and Germany's company's cars from Mexicans plants - count always as the trade deficit, de facto by money. The USA doesn't earn during this trade - take debt and spend again - debt growth. USA with growth debt go into bankruptcy with help "allies".

And as I see Trump doesn't have success in solving it, even with neighborhoods like Canada, even not talk about China which will be more difficult.

We shouldn’t have to buy our friends with bad Trade Deals and Free Military Protection! (c) Trump
https://twitter.com/realDonaldTrump/...24775154565120

he cant even get fucking laid without paying for it... magna!! Good luck with the negotiations

I agree with most of what you said except about debt. There are quite a few developed countries with more debt than the US.

if you talk about dept to GDP yes - there are a few like japan, greece, italy - if you talk about dept per citizen there is only japan higher than the US.
but Japan is such another country and culture that you can´t really compare those 2 economies. away from that Japan would never get the silly idea to fight a trade war.
and the other 2 countries would be already bankrupt without help from the EU.

sure - the united states are a big market - local and worldwide.
one of the reasons for that is that americans live from credit cards.
so people can easier buy when they want instead buy when they can.
but this is an american problem and has nothing to do with the people that sell
their goods there. but sure - it is used to make business from all - same as everybody is using the individual advantages of export markets.

all countries dept together in the whole world is at this moment on 71 trillion dollars - the US part of that is nearly 22 trillion or exactly the military spendings of the last 25 years. 22 trillion is near to a third of the whole world dept made by a country what has less than 4% of the world population !!!

once you take a close look at america's economic system, you'll see how paradoxical trump acts.

america builds on the philosophy that where there are rich also the poor have work and bread. and therefore one does everything to make it right for the rich.
basically modern slavery.

the prosperity the average american feels is not the high quality 100 meter yacht but goods that are produced with even cheaper working people in the third world.

if trump believes that these cheap laborers are damaging america, he is wrong, because he is not only taking away the income base of these potential buyers of american goods, but is also making the lives of american workers more expensive.

so if all these goods are produced in america at "humane wages", then less of them will inevitably be produced. less production requires fewer employees and that
creates the unemployed who have to survive in an even more expensive country.

If you think this thought to end then you come to 2 possible answers:

1. trump is as dumb as straw and cannot estimate all this
or
2. trump wants to turn america into its own china in which people exchange their brains for patriotism and do not question or criticize anything. an america without free media and without google in which the truth about him can be found.

all this can be found 1 to 1 in the history books all around the world.
every dictatorship started exactly like this.

don´t worry - the 3rd quarter numbers will already mirror something - 4th quarter will be a wake up call even for the dumbest.

if they would have brought a homeless alcoholic into the white house instead of trump - he would certainly have made fewer mistakes.

i will never understand why people who make economic decisions at the ballot box have so little (even basic) economic knowledge. what happens now was obvious from the day when trump started his campaign and everybody thought it is just a populist strategy.
now the whole world (except his supporters) knows that this was not a joke - he was not pretending to be dumb - he IS dumb.

How is going with wall production export?

with the german wall we learned it will take around 40 years til the parts of the broken wall will have some value.

also the great chinese wall is still kind of profitable as a tourist attraction.

trumps wall will never exist but if so it will be possibly kind of synonyme for dumbness.

Gee where are all the Trump nutters to defend this.. They dont know what to do because this topic is very confusing for them..

On one hand the OP is calling Trump a loser.. on the other hand the OP is Russian..

Very confusing topic for GFY's Red Hats..

https://i.dailymail.co.uk/i/pix/2015...0485464741.jpg

I wonder why no red hats are chiming in like onehunglo...he said lots and lots of MAGA was about to happen and there was this 1000$ one time bonus some people got...

He is awfuly quiet now...

This is not within the realm of their safe spaces..

the amount of bullshit you spew is astonishing when you include the fact you think you know wtf you're yapping about.

not only are you wrong,
you think the difference between ca and the USA is significant. :1orglaugh:1orglaugh


https://assets.weforum.org/editor/3-...4CMPGKMCNs.JPG

it's ludicrous to even think that that you can compare gdp per capita between countries without including average wage as well

gdp per capita in canada is ~$57000
average wage per capita in ca is $50000

gdp per person in USA $79000
average wage per capita USA $74000

canada loses and thommy is very very dumb.

Red Hats still scared of this place...

Iran, Iraq Stop Dollar-Based Trade
https://www.albawaba.com/business/ir...-trade-1180180

Erdoğan calls for end to US dollar's trade reign, urges trade in local currency
President Recep Tayyip Erdoğan on Sunday said that the U.S. dollar's reign on global trade should come to an end by adopting trade with local currencies between countries.
https://www.dailysabah.com/economy/2...local-currency

Most countries already do very little trade with the USA compared to China, however.. despite what RT might lead you to think there's nothing to suggest the American dollar will be replaced as world currency base.

If Trump was to be replaced by an equal idiot or win a second term then maybe

Just understand, under an American money policy or a Chinese one, the Russian ruble is still worth less than shit.

Trade war: China will not help US with currency devaluation to reduce deficit
Beijing will not help Washington turn around its trade deficit by agreeing to measures aimed at devaluing the US dollar, according to China’s top envoy to the United States.

Japan, France, West Germany and Britain agreed to the accord in September 1985 and jointly intervened in foreign exchange markets to depreciate the US dollar against the yen as well as the Deutschmark, in an attempt to lower the dollar and make US exports more competitive.
https://www.scmp.com/news/china/dipl...luation-reduce

i will enlight you a bit, dumbfuck

Consumer Prices in United States are 6.08% higher than in Canada
Consumer Prices Including Rent in United States are 12.98% higher than in Canada
Rent Prices in United States are 29.58% higher than in Canada
Restaurant Prices in United States are 10.61% higher than in Canada
Groceries Prices in United States are 8.08% higher than in Canada
Healthcare in United states is around 105% higher than in Canada

what do you want to tell me, asshole ?

that the whole world shall adapt your broken system to have the same fucking costs of you ???

US is already the big loser of this trade war - so what a fuck you want to tell me ?
that you have the shit already up to your neck and praise trump for not telling you yet to dive?

fucking stupid moron !!!

I just laugh and laugh and laugh when thommy flips out like a psycho after I point out how fucking stupid he is.

thommy the fucking nitwit can't even see the simple math that shows his cost of living comparison doesn't mean jack fucking shit in relation to average salaries between the 2 countries.

nitwit thommy, 75000 average salary in the USA is 50% more than the average in canada

dance thommy you fuck up.

why you are talking such bullshit.
if you would have THE SMALLEST clue about comparing countries you would know that the GDP per capita is not an instrument for that.

but as you seems to be so smart you sure have heard about measure of economic welfare index, the gini coefficient, the index of sustainable economic welfare, social progress index, w3-indicators etc etc.

you are so dumb like an old bread and you do not know NOTHING about the topics you trying to talk about. tell that to the stupid bums who share the park bench with you.

you make yourself so ridiculous that you should actually hide yourself from shame in a mouse hole and come out only when you have learned to eat with knife and fork, you stupid neanderthal man.

why can't thommy just admit he was wrong. instead he flips out.

monopolization Mexican drug trade and moni laundering in the USA :2 cents:
Because the USA cut export + sanctions = not trade, not gives loans = other countries don't have dollars for trade. Dollar leave from world trade.

It is called a point of vue..... Many exists

Red hats still avoiding this topic like the plague..

hey - i studied that shit. i have a master degree in economic science - don´t you think that should make me able to know a bit more about that things as you do ?

your amateur arguments are not even fitting for a beer table conversation and i don´t have the time to explain you what I have learned about that stuff in 40 years. it would not make sense anyway because you know everything better than the ones who are certified to know it.

Thommy, when a smart, educated person is pointed out for being wrong, they don't go into a psycho freakout and attack the smarter person for pointing that out.

No, it's called bullshit actually. I'll explain it to you thusly:

2+2=balloon is not a point of "vue".

MAGA export Trump and all Red Hats to Russia...