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U.S. Import Drop Mostly, But Not Entirely, About The Trade War

Canada 418 China 2530 Mexico 709 Trade Balance 848 Trade Deals 886 U.S. 4478

U.S. international trade activity contracted by 3.3% in October, driven by a 5.5% slide in trade-in-goods while services expanded by 3.6%. The contraction in imports of goods far oustripped the decline in exports, with the result that the overall trade deficit fell 7.6% to $47.2 billion – a sign of success in the eyes of the Trump administration. The trade war with China can also be defined as working. U.S. imports from China fell by 23.1% while exports only declined by 2.8%, suggesting U.S. measures are proving more successful than China’s. Unlike prior months though, imports excluding ...

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