Saturday, July 14, 2018

US Trade Deficit May 2018


In the first 5 months of 2018, the US imported $1.0212 trillion in goods and services from other countries. The US also exported $681.6 billion in goods and services to other countries. Our trade deficit is running $530.4 billion for this first 5 months.

US exports to China in the first 5 months of 2018 totaled $52.9 billion and US imports from China were $205.1 billion. The US trade deficit with China was $152.2 billion. Our trade deficit with China is $152.2 billion. For this first 5 months.


Comments

Some of this uptick is probably due to corporations loading up on foreign made goods, parts and materials to buttress against actual tariffs that have been implemented.

Norb Leahy, Dunwoody GA Tea Party Leader

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