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Tag Archives: US Trade deficit
Trump’s Losing Trade Wars – Auto and Other Deficits Grow
Despite magical thinking – and bluster from the ousted Trump Administration, the October imports of automotive vehicles, parts, and engines ($32.2 billion) were the highest since July 2019 ($32.4 billion). Continue reading
Posted in economy, results
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, trade wars, US Trade deficit
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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 →