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US goods trade deficit widens in May as exports fall

Airyaman

Airyaman

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Well shucks, another goal of Trump down the shitter.

Trump has always said that one of the goals of tariffs was to decrease the trade deficit.

It's not working. Why? Not because imports did not decrease. They did (though by very little). The real reason is now nobody wants our shit.

www.reuters.com

US goods trade deficit widens in May as exports fall

The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second quarter.
www.reuters.com www.reuters.com

1750958606845.webp

Time to be honest folks: Trump is a failed businessman with six prior bankruptcies. Let's hope the USA is not his 7th.
 
Seems like Americans too, don't want American products. Perhaps they are priced too high?
I wouldn't worry about bankruptcy, perhaps recession and/or inflation.
 
Airyaman said:
Well shucks, another goal of Trump down the shitter.

Trump has always said that one of the goals of tariffs was to decrease the trade deficit.

It's not working. Why? Not because imports did not decrease. They did (though by very little). The real reason is now nobody wants our shit.

www.reuters.com

US goods trade deficit widens in May as exports fall

The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second quarter.
www.reuters.com www.reuters.com

View attachment 67576823

Time to be honest folks: Trump is a failed businessman with six prior bankruptcies. Let's hope the USA is not his 7th.
Click to expand...
I posted on this very thing earlier today. The decrease in imports as a result of Trump's tariffs will actually distort GDP this quarter.

Callen said:
Read an interesting article the other day, I believe it was Wall Street Journal but can't swear to it. The author's expectation is that 2Q GDP will come in with a healthy number because exports in the 2Q were higher than imports. Normally that would be a good thing but imports are way down because of tariffs not because of a strong export market. He said it actually a sign of a weakening economy not a strong economy. However, you can be sure if it's a good number Trumpers will insist it's a sign of a booming economy even as spending shrinks and unemployment starts to grow.
Click to expand...
 
Individual said:
Seems like Americans too, don't want American products. Perhaps they are priced too high?
I wouldn't worry about bankruptcy, perhaps recession and/or inflation.
Click to expand...
1750960719976.webp

 
Airyaman said:
Well shucks, another goal of Trump down the shitter.

Trump has always said that one of the goals of tariffs was to decrease the trade deficit.

It's not working. Why? Not because imports did not decrease. They did (though by very little). The real reason is now nobody wants our shit.

www.reuters.com

US goods trade deficit widens in May as exports fall

The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second quarter.
www.reuters.com www.reuters.com

View attachment 67576823

Time to be honest folks: Trump is a failed businessman with six prior bankruptcies. Let's hope the USA is not his 7th.
Click to expand...
Way to go Trump you ****ing moron.

Trade deficits too high, "ill make it worse and my sheep will cheer me for it"
 
Individual said:
Seems like Americans too, don't want American products. Perhaps they are priced too high?
I wouldn't worry about bankruptcy, perhaps recession and/or inflation.
Click to expand...
Correct.

Americans don't want American products in spite of Trump.

And on the flip side, non-Americans no longer want American products because of Trump.

So, we'll continue to see imports hold steady (until our economic engine begins to tank) while exports will decrease steadily.
 
Airyaman said:
View attachment 67576829

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I don't understand the math here.

He claims the 12 month federal deficit stands at $2.0T which is up 6.1% from a year ago.

So, that means it was $1.885T before, and therefore has increased $115B.

But that's a 12 month cumulative deficit, so assuming the increase was roughly average, that's $9.6B per month.

Meanwhile tariff revenue "surged" to $23B YoY but we know that those numbers were close to 0 prior to February, which means most of that $23B has been accumulated over the past 3 months, which would be a clip of $7.6B per month. And that almost fully offsets the increase.

I must be missing something.
 
You mean, other nations did not abide by the TruthSocial rants and do what Trump commanded? Who knew?
 
phoenix2020 said:
Technically speaking, Donald has also not targeted the global economic powerhouses that are El Salvador and North Korea.
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That's OK. He's more than compensated for them with his tariffs on Heard Island and McDonald Islands.
Rumor has it that the penguins are finally ordering more USA made goods.
😏
 
Airyaman said:
Well shucks, another goal of Trump down the shitter.

Trump has always said that one of the goals of tariffs was to decrease the trade deficit.

It's not working. Why? Not because imports did not decrease. They did (though by very little). The real reason is now nobody wants our shit.

www.reuters.com

US goods trade deficit widens in May as exports fall

The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second quarter.
www.reuters.com www.reuters.com

View attachment 67576823

Time to be honest folks: Trump is a failed businessman with six prior bankruptcies. Let's hope the USA is not his 7th.
Click to expand...
Who didn't see this coming? So much winning! You would think, given the catastrophic failure of the last tariff stunt he tried in his first term, that he would have learned something. History should also have alerted him that tariffs don't work, and always rebound negatively on the imposing country.

wealthandtax.co.uk

Why tariffs don’t work - Wealth and Tax Management

wealthandtax.co.uk wealthandtax.co.uk
 
Don't ye worries get 'n ze way of Dear Lidar! Lidar, notorious and wise, has risen 300,000,000.00 in tariff revenue from China!

-MAGA
 
Individual said:
That won't happen either.
Click to expand...


Not to that extreme no.

But the USD will see its value drop, the tariffs, the budget deficits will see to that.

The tariffs will reduce international demand for USD, the deficits will increase supply of USD,

Increased supply, reduced demand equals lower prices
 
Lord Tammerlain said:
Not to that extreme no.

But the USD will see its value drop, the tariffs, the budget deficits will see to that.

The tariffs will reduce international demand for USD, the deficits will increase supply of USD,

Increased supply, reduced demand equals lower prices
Click to expand...
The value of USD is constantly changing up/down, while the long term trend is by necessity downward.
 
Lord Tammerlain said:
Which will be accompanied by a decrease in the standard of living for Americans.

The strong USD provided an boost to US standards of living.
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For some Americans, yes.

What boosts the standard of living is having after tax income more than adequate to pay for ones needs and wants.

If my cost of living were to rise 15% it would be the equivalent of about $45 per month. Where I live nearly all my neighbors make about $9 or $10 per day and live fairly well. I put the equivalent of about $300 in my wallet at the start of each month and rarely spen it all. While it's actually the equivalent of about $308 at today's exchange rate, it actually cost me about $259 when I exchanged it.
I find a weak USD to provide a significant boost to my wealth, as money not needed to be spent on needs/wants is invested.
If you've seen my suggested tax code change I was trying to give the lowest about 70% of income earners the ability to begin investing some of their income by reducing their taxation to simply about what they currently pay in FICA tax, while those like myself would pay a little more in taxes to the point of eliminating the Federal budget deficit in most years.
 
Oh no! But I thought Dear Leader made the best negotiations and has the best tariffs and that we'd be more competitive and jobs would be coming to America and blah blah blah. You mean all that was just a lie and Trump is instead incredibly short-sighted and stupid when it comes to global economies, national manufacturing, and trade?
 
Individual said:
For some Americans, yes.

What boosts the standard of living is having after tax income more than adequate to pay for ones needs and wants.

If my cost of living were to rise 15% it would be the equivalent of about $45 per month. Where I live nearly all my neighbors make about $9 or $10 per day and live fairly well. I put the equivalent of about $300 in my wallet at the start of each month and rarely spen it all. While it's actually the equivalent of about $308 at today's exchange rate, it actually cost me about $259 when I exchanged it.
I find a weak USD to provide a significant boost to my wealth, as money not needed to be spent on needs/wants is invested.
If you've seen my suggested tax code change I was trying to give the lowest about 70% of income earners the ability to begin investing some of their income by reducing their taxation to simply about what they currently pay in FICA tax, while those like myself would pay a little more in taxes to the point of eliminating the Federal budget deficit in most years.
Click to expand...

It will affect most Americans who spend more money on goods than services. All goods will go up in price, made in the US or not, services will likely go up in price to compensate for employees wanting to raises
 
Lord Tammerlain said:
It will affect most Americans who spend more money on goods than services. All goods will go up in price, made in the US or not, services will likely go up in price to compensate for employees wanting to raises
Click to expand...
True, as I said it is the bottom about 70% who are affected most.
 
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