Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

US Trade Deficit Plunges Most In 10 Years – Is Trump Winning?

Courtesy of ZeroHedge. View original post here.

Confirming the advance trade balance, it could be argued – by those of a particular persuasion – that Trump's trade policies are working as the US trade deficit has collapsed to its lowest since September 2016.

The US trade balance for May printed a smaller deficit than expected at $43.1 bn (vs $43.6bn exp) and well down from the revised $46.1bn in April.

This is the lowest trade deficit since October 2016 and biggest 3-month reduction in the deficit in 10 years.

Exports of goods and services climbed to a record high, outpacing a pickup in imports.

Under the hood, the biggest driver of the improvement was US soybean exports rose 90% MoM in May.

Overall exports increased 1.9 percent to $215.3 billion as soybean shipments overseas almost doubled to $4.1 billion. Exports of civilian aircraft, a category that tends to be volatile, rose $1.9 billion in May.

Imports rose 0.4 percent to $258.4 billion, boosted by a record value of capital goods shipments from overseas.

However, the report also showed the trade gap with China, the world's second-biggest economy, widened to $32 billion in May from $30.8 billion.

This is the biggest trade gap with China for a May since records began.

Finally, ex-Petroleum, this is the smallest trade deficit since March 2017…

We would expected to see GDP models updated positively shortly as improvement in the trade gap may be a positive for second- quarter growth.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!