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 Prior Prior Revised Consensus Consensus Range Actual 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 % change 0.9 % 0.7 %
Highlights 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.