Thursday, September 27, 2018

Oops! So Far Tariffs Are Accomplishing The Opposite of Their Intended Goal

International Trade in Goods 
Released On 9/27/2018 8:30:00 AM For Aug, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Balance$-72.2 B$-72.1 B$-70.8 B$-72.2 B to $-69.0 B$-75.8 B
Exports % change-1.7 %-1.6 %-1.6 %
Imports % change0.9 %0.7 %

Amid the unfolding of tariff effects, exports are moving in the wrong direction and
look to be a big negative for third-quarter GDP. The nation's trade deficit in goods
was a whopping $75.8 billion in August with exports down 1.6 percent for a second
straight month.

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