Mike “Mish” Shedlock's
Sitka Pacific Capital Management,Llc
The Census Bureau International Trade report shows that the goods and services deficit was $43.7 billion in July, up $0.1 billion from $43.5 billion in June, revised. July exports were $194.4 billion, $0.6 billion less than June exports. July imports were $238.1 billion, $0.4 billion less than June imports.
The country-specific details may have Trump howling. The Deficit widened with China, the EU, and Japan.
Trade Balance North America and Europe
Trade Balance Rest of World
Largest Deficits Current Month
-
China $33.5 Billion
-
Japan $5.6 billion
-
Germany $5.5 billion
-
Italy $2.8 billion
-
Ireland $2.4 billion
-
India $2.1 billion
Despite embargoes and sanctions, the US has a trade deficit with Russia that tops $1 billion.
This material is based upon information that Sitka Pacific Capital Management considers reliable and endeavors to keep current, Sitka Pacific Capital Management does not assure that this material is accurate, current or complete, and it should not be relied upon as such.
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