Export Slump May Drive Trump To More Hawkish Stance on China, Autos — Panjiva
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Export Slump May Drive Trump To More Hawkish Stance on China, Autos

Cons. Discr. - Autos 1247 Consumer Staples 805 Industrials - Capital Goods 620 Trade Balance 935 U.S. 5399

The United States’ international trade-in-goods activity fell 1.3% year over year in June, driven by a 3.7% slump in exports. That was the third straight decline and the worst since Jun. 2016. Four of six industries saw a decline with food and beverages down 5.5% due to Chinese tariffs on agricultural shipments as well as a 5.1% slide in capital goods. A 0.2% rise in imports meant there was a fourth straight increase in the trade deficit, the Trump administration’s metric for trade policy failure. While exports from the automotive industry climbed 2.3% after nearly a year of declines, im...

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