US trade deficit increases more than expected in October and is now up 10% for 2018

[jpak]

Source: CNBC

The U.S. goods and services deficit increased more than expected in September amid escalating tensions with its global trading partners.

The shortfall rose to $54 billion for the month, a 1.3 percent increase, or $700 million, from August and reflective of a 10.1 percent increase year to date, according to government numbers released Friday. Economists surveyed by Refinitiv had been looking for a gain of $53.6 billion.

The goods deficit stood at $76.3 billion, the highest on record on a seasonally adjusted basis.

Exports increased to $212.6 billion, a $3.1 billion gain from August, while imports rose $3.8 billion to $266.6 billion.

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Read more: https://www.cnbc.com/2018/11/02/us-international-trade-deficit-at-54point02-billion-vs-53point6-billion-expected.html

[beachbum bob]

1. how can this NOT BE EXPECTED??

[sandensea]

2. "The goods deficit stood at $76.3 billion, the highest on record"

Are we tired of winning yet?

[Botany]

3. We are going to win so much you get tired of winning.

[Javaman]

7. i'm tired of the orange assholes concept of "winning". nt

[sandensea]

4. The merchandise trade deficit rose 8% in '17, and is up 9.6% so far this year

So much for Trumptectionism.

[Achilleaze]

5. republicans pissing on America's economy

The kremlin could not have asked for more...

[sandensea]

6. Exactly.

Putin believes the 2014-15 commodity price collapse was engineered by Obama in order to bring down his regime (never mind that prices were at bubble levels and that there was a severe glut).

He wants payback, and believes - nay, knows - Cheeto is the man to make it happen for him.

[Bengus81]

8. Wait until you see those numbers in 2019

Shitler is going to unload even more tariffs in his non ending pissing match.