How are we feeling about trade deficits today?

[Mike Olson]

I know it was a major part of Trumps 2016 campaign platform.

Today not so much talk as we hit a 14 year low on trade deficits. 

https://www.bloomberg.com/news/articles/2020-10-06/u-s-trade-deficit-widened-in-august-to-largest-since-2006

U.S. Trade Deficit Widened in August to Largest Since 2006

By 

Ana Monteiro and Reade Pickert

October 6, 2020, 7:34 AM CDTUpdated on October 6, 2020, 8:01 AM CDT

• Nation’s trade shortfall in merchandise climbs to record
• Services trade surplus declines to smallest since 2012

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The U.S. trade deficit widened in August to the largest since 2006 as the nation imported a record amount of consumer goods amid a pickup in demand ahead of the holiday-shopping season.
The overall gap in trade in goods and services expanded to $67.1 billion in August from a revised $63.4 billion in July, according to Commerce Department data released Tuesday. The median estimate in a Bloomberg survey of economists had called for a widening to $66.2 billion. The positive balance on services dropped to $16.8 billion.

[Guest]

This story is going to thrown into the it was covid wash, along with the national debt.  Conveniently forget we were headed to a recession 4th qtr. of 2019, inverted yield curves and the like.  The blame will go on the Dem's for it. 

[Guest]

He was going to drain the swamp!! How can our heroic President Trump, who so bravely beat back the enemy called COVID, fail us this way?? 

[Guest]

I hate trade deficits.  I would guess that there is a certain push from lack of GDP that has pushed this number as high as it has with a reduction in American businesses caused by covid?

[Guest]

@AGRforever said:
I hate trade deficits.  I would guess that there is a certain push from lack of GDP that has pushed this number as high as it has with a reduction in American businesses caused by covid?

See below in case you missed it the firs time..

@BigAl99 said:
This story is going to thrown into the it was covid wash, along with the national debt.  Conveniently forget we were headed to a recession 4th qtr. of 2019, inverted yield curves and the like.  The blame will go on the Dem's for it.