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September 6, 2017 | Trade Deficit Widens Slightly: China, EU, Japan Up, Mexico Down

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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.

Mike “Mish” Shedlock

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September 6th, 2017

Posted In: Mish Talk

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