- Joined
- Mar 7, 2018
- Messages
- 62,525
- Reaction score
- 19,318
- Location
- Lower Mainland of BC
- Gender
- Male
- Political Leaning
- Centrist
From the CBC
The gap between what the United States buys from the rest of the world and what it sells widened to its highest level since 2008, as imports jumped by a record amount in July.
Data from the U.S. Department of Commerce released Thursday showed that the American trade gap reached $63.6 billion US during the month.
That's the highest figure since the same month 12 years ago, during the depths of the financial crisis.
The U.S. economy imported $231.7 billion worth of goods from the rest of the world during the month, the highest amount ever and a 10.9 per cent increase from June's level.
American exports also rose 8.1 per cent to $168.1 billion.
COMMENT:-
Expect a statement from Mr. Trump extolling the huge 8.1% jump in American exports (the highest jump in American history).
U.S. trade deficit soars to $64B, highest in 12 years
The gap between what the United States buys from the rest of the world and what it sells widened to its highest level since 2008, as imports jumped by a record amount in July.
Data from the U.S. Department of Commerce released Thursday showed that the American trade gap reached $63.6 billion US during the month.
That's the highest figure since the same month 12 years ago, during the depths of the financial crisis.
The U.S. economy imported $231.7 billion worth of goods from the rest of the world during the month, the highest amount ever and a 10.9 per cent increase from June's level.
American exports also rose 8.1 per cent to $168.1 billion.
COMMENT:-
Expect a statement from Mr. Trump extolling the huge 8.1% jump in American exports (the highest jump in American history).