U.S. trade deficit grew again under Trump in September
Source: Politico
By DOUG PALMER 11/03/2017 09:31 AM EDT
The U.S. trade deficit widened in September and remained on track in President Donald Trump's first year to exceed the 2016 level, a Commerce Department report Friday showed.
The trade gap, which measures the difference between imports and exports, increased 1.7 percent in September to $43.5 billion. The deficit for the first 9 months of the year totaled $405.2 billion, compared to $370.7 billion during the same period in 2016.
During the presidential campaign, Trump and his surrogates railed against the size of the deficit, with key campaign aide Peter Navarro, who is now a White House adviser, asserting they could eliminate the trade deficit "within a year or two."
The trade gap with China, which Trump repeatedly blasted during last year's campaign, decreased slightly in September to $34.6 billion.
Read more: https://www.politico.com/story/2017/11/03/us-trade-deficit-trump-september-2017-244509
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Why they call some things "lagging indicators" in regards to economic policy.
The Republicans have managed to do nothing so far.
