LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

U.S. Trade Deficit Is Wider Than Any Month or Year Since 2008

Posted By Message

GoldenRod
10 years on LIF!

Member since 11/06

26792 total posts

Name:
Shawn

U.S. Trade Deficit Is Wider Than Any Month or Year Since 2008

https://www.bloomberg.com/news/articles/2018-02-06/u-s-trade-deficit-is-wider-than-any-month-or-year-since-2008


Gap increased 12% in 2017 as China imbalance hit record high
Deficit may widen further as tax cuts set to boost imports
The U.S. trade deficit widened to the biggest monthly and annual levels since the last recession, underscoring the inherent friction in President Donald Trump’s goal of narrowing the gap while enjoying faster economic growth.

The deficit increased 5.3 percent in December to a larger-than- expected $53.1 billion, the widest since October 2008, as imports outpaced exports, Commerce Department data showed Tuesday. For all of 2017, the goods-and-services gap grew 12 percent to $566 billion, the biggest since 2008.


The trend may extend into this year: Solid consumer spending and business investment -- assuming they hold up amid the recent stock-market rout -- will fuel demand for foreign-made merchandise. While improving overseas growth and a weaker dollar bode well for exports, Trump’s efforts to seek more favorable terms with U.S. trading partners remain a work in progress, and his tax-cut legislation may cause the deficit to widen further.
...



So much for MAGA... unless the first A is for Asia...

Posted 2/6/18 10:39 AM
 

Hofstra26
Love to Bake!

Member since 7/06

27915 total posts

Name:

Re: U.S. Trade Deficit Is Wider Than Any Month or Year Since 2008

You just stop right now with all of that "fake news"!! Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon

Posted 2/7/18 8:49 AM
 
 
Quick navigation:   
Currently 1154551 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows