September 5, 2018

ALL ECONOMICS IS CONSERVATIVE:

U.S. trade deficit surges to five-month high as exports fall (Lucia Mutikani, 9/05/18, Reuters) 

The Commerce Department said the trade deficit increased 9.5 percent to $50.1 billion as exports of soybeans and civilian aircraft dropped and imports hit a record high. The trade gap has now widened for two straight months. [...]

The administration says eliminating the trade deficit will put the economy on a sustainable path of faster growth. But economists say some of the government's policies such as a $1.5 trillion tax cut package early this year will worsen the trade deficit. The fiscal stimulus has boosted consumer and business spending, drawing in more imports.

Posted by at September 5, 2018 2:20 PM

  

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