See other World News Articles
Title: US Trade Deficit Hits Record High In August
Source:
[None]
URL Source: https://www.zerohedge.com/economics ... eficit-hits-record-high-august
Published: Oct 5, 2021
Author: Tyler Durden
Post Date: 2021-10-05 09:35:58 by Horse
Keywords: None
Views: 268
Comments: 1
The U.S. trade deficit widened to a record in August, reflecting a pickup in the value of imports of consumer goods and industrial supplies. The gap in trade of goods and services increased 4.2% to $73.3 billion, from a revised $70.3 billion in July (notably worse than the $70.8 billion deficit expected). The value of goods and services imports rose 1.4% to a record $287 billion in August. Exports climbed 0.5% to $213.7 billion. And so much for 'exporting' energy - Petroleum products saw a net deficit in August... And the deficit with China increased once again... Poster Comment: America exports lots of food which narrows the trade deficit to $73 billion a month, not that that is much of a narrowing.. We have trade deficits because we have 850 bases overseas and are over populated 173 million people. The US exported nearly $146 billion in 2020. The primary factor for this surge in exports was increased shipments of soybeans, corn, and pork to China. If we stopped exporting food, the trade deficit would be another $12 billion a month which would be $85 billion a month. 
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: All (#0)
(Edited)
American Companies You Didn't Know Were Owned By Chinese Investors AMC. Popular cinema company AMC, short for American Multi-Cinema, has been around for over a century and is headquartered in Leawood, KS. ... General Motors. ... Spotify. ... Snapchat. ... Hilton Hotels. ... General Electric Appliance Division. ... Smithfield Ham Joe Biden, Hunter Biden, Kamala Harris and all DC Swamp Creatures. The Truth of 911 Shall Set You Free From The Lie
Top • Page Up • Full Thread • Page Down • Bottom/Latest