Trump’s Tariffs Are Working: Trade Deficit Narrows To Smallest Since 2009

[Hol]

The U.S. trade deficit in goods and services declined by nearly forty percent from September to October, as the Trump administration’s tariff policies continued to rebalance trade, data from the Commerce Department showed on Thursday.

Imports fell by 3.2 percent to $331.4 billion, while exports rose by 2.6 percent to $302.0 billion. Because imports declined and exports increased, the U.S. trade deficit shrank by a sharp 39.0 percent, indicating that the Trump administration’s trade policies are working to bring U.S. trade into better balance.

At $29.4 billion, the U.S. trade deficit has fallen to the lowest since 2009, when the economy was reeling from the financial crisis and the bursting of the housing and mortgage bubble. Unlike 2009, however, the deficit in recent months has fallen sharply amid economic strength.

This is the third straight monthly decline in the trade deficit, suggesting that changes to U.S. tariff policy are driving deep changes in the global economy. The three-month moving average, which smooths out short-term volatility, is down $31.3 billion year-over-year.

Trump's Tariffs Are Working: Trade Deficit Narrows To Smallest Since 2009

This is the third straight monthly decline in the trade deficit, suggesting that changes to U.S. tariff policy are driving deep changes in the global economy. | Economy

www.breitbart.com

 

[Andy C]

The Supreme court could possibly rule on the tariffs as soon as tomorrow.

 

[Ghoti Ichthus]

I wish they'd lift the tariffs on supplements . . . have to order one of the ones I get from England. The tariffs add over $10 to a 30-day supply (going by pre-tariff price and lowest with-tariff price, and now the price is higher)

None of the US "equivalents" are as effective for me and they haven't been through clinical trial comparing with a proven-effective prescription drug.

 

[Tall Timbers]

I wish they'd lift the tariffs on supplements . . . have to order one of the ones I get from England. The tariffs add over $10 to a 30-day supply (going by pre-tariff price and lowest with-tariff price, and now the price is hideadbolt!

Maybe at some point somebody will produce that supplement in the USA.

That's one of the goals of these tariffs, to bring a lot of the manufacturing to the USA.

 

[Andiamo]

I am positive that some prices are being raised to an unnecessary degree, citing “tariffs” but they are just taking advantage.

 

[Ghoti Ichthus]

Maybe at some point somebody will produce that supplement in the USA.

That's one of the goals of these tariffs, to bring a lot of the manufacturing to the USA.

Different manufacturers make the supplement in the US, but the US ones don't work as well for me, and not the same quality of research as the one I get from overseas