Trade in goods deficit with China down 10 percent first half of 2019, or $18.8 billion:
http://dailytorch.com/2019/08/trade-in-goods-deficit-with-china-down-10-percent-first-half-of-2019-or-18-8-billion/
The U.S. trade in goods deficit with China is down 10 percent in the first six months of 2019, or $18.8 billion, compared to 2018, according to the latest data from the U.S. Census Bureau. And that’s with the first tranche of tariffs by President Donald Trump that was in place until May. Then, Trump raised the tariff to 25 percent for the $250 billion of goods and in July he added another 10 percent tariff on the remaining $300 billion of goods. If it hurts bad enough, it might be able to force China to the table, but with China’s devaluation of the yuan, the Fed has to get the dollar right and not let it get too strong or it could undermine everything the administration is hoping to achieve. What do you think?
