The shrill cries of “Trade War” grow louder of late even as actual statistics show President Trump is doing exactly what he promised and winning BIG TIME on trade which means more jobs for Americans and fewer jobs being shipped overseas.
U.S. Trade Deficit Hits 19-Month Low Due to Record-High Exports
The United States trade deficit dropped in May to the lowest level in 19 months as exports rose to a record level.
The Department of Commerce announced the May trade deficit — the difference between what America sells and what it buys in foreign markets — decreased 6.6 percent to $43.1 billion — the smallest imbalance since October 2016.
Exports climbed 1.9 percent to a record $215.3 billion. Imports were up a smaller 0.4 percent to $258.4 billion.
American employers kept up a strong hiring pace in June by adding 213,000 jobs in a sign of confidence of President Donald Trump’s economic policies.