Tag Archives: balance of trade

U.S. International Trade Deficit Up in September

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $84.4 billion in September, up $13.6 billion from $70.8 billion in August, revised. As the economy continues to expand, consumers are buying more raising the deficit. The news comes on Election Day where under new Trump Administration – if it returns – proposed tariffs by Trump will cost consumers billions upon billions of dollars, send the cost of living soaring and hurt the economy overall. Trumpa-nomics 2 the sequel: Tanking the Economy Again. Continue reading

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U.S. Treasury Says China Continues to Undervalue its Currency

In what will undoubtedly become a Presidential campaign issue next year, as a result of the undervalued renminbi, China continues to increase its global export market share, and it remains heavily dependent on exports. Continue reading

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