US September trade deficit lowest in more than five years as goods exports soar | Reuters
Category: News & Politics
Via: vic-eldred • 11 months ago • 26 commentsBy: Mark Potter (Reuters)
Economists polled by Reuters had forecast the trade deficit increasing to $63.3 billion. The report was delayed because of the 43-day shutdown of the government.
Exports climbed 3.0% to $289.3 billion in September.
Goods exports surged 4.9% to $187.6 billion, with shipments of consumer goods increasing to a record high.
Imports rose 0.6% to $342.1 billion. Goods imports advanced 0.6% to $266.6 billion. But imports of automotive vehicles, parts and engines were the lowest since November 2022.
The goods trade deficit compressed 8.2% to $79.0 billion, the lowest level since September 2020.
President Donald Trump's protectionist trade policy, marked by sweeping tariffs, has caused big swings in the trade deficit, distorting the overall economic picture.
Trade sliced off a record 4.68 percentage points from gross domestic product in the first quarter before adding all that back to GDP in the April-June quarter. Prior to the trade data, the Atlanta Federal Reserve estimated GDP increased at a 3.5% annualized rate in the third quarter. The government will release its first estimate of third-quarter GDP on December 23 after it was delayed by the longest shutdown in history.
The economy grew at a 3.8% pace in the April-June quarter.
Reporting by Lucia Mutikani. Editing by Mark Potter
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The economy is growing again!
Just paid $2.47 to fill my car.
In some states it is even less. Believe it or not the average price in CA is $4.50 per gallon.
I recall when Obama said that the price of gas was one of the single most important issues to voters. That makes me wonder who is voting in California.
How is a Dell (Trump) Account better than a 529 account?
How is that 'task force' doing with the price of coffee?
Farmer Aid Packages have existed for decades.
Gas prices falling from $3.02 to $2.93? Wowza!
No tax on tips/overtime ... yippie-oy-vey, 90% of tip earners already don't make enough to be taxed ... hopefully they are being warned to steer clear of using this 'deduction' that may well remove them from other benefits.
And others much more. Most of what I've seen from Democrat run shitholes (i.e. California, Washington) it's almost $5 a gallon still.
Look at it from this angle:
Minimum ability = minimum pay. Want better pay, make yourself worth it. Demanding higher pay for minimum effort jobs is only going to drive prices higher or bring in AI to do those jobs and you'll get no pay.
They still want to force Americans to buy electric cars.
Still not buying one. My '71 Challenger, 2020 Explorer are still cheaper to maintain and operate.
Sure, now let's get to what matters ... who produced this graph?
I'll give you the day to reply, I have blood tests scheduled.
So those 200,000 tech jobs being lost per year are minimum effort ... gee thanx STEM; you said you were the future. @!@ Save the crap for those who still buy into it.
I never said anything remotely close to that. Is that from your imagination?
Makes more sense than striking to get 20 per hour to make someone's coffee
Trump has said , 14 times since the spring, that gas prices are $1.98
And fucking that simple task up.
Well that’s how much gas was the last time he was at the pump, which is never.
Gawd, Vic, why do you continue to post bullshit like this?
Every time a Trump supporter posts cherry-picked / fake / exaggerated / ... crap like this you just emphasize that to support Trump one must lie.
I gave your chart to ChatGPT and am letting it explain to you, in detail, where you are wrong:
Damn. I was just about to make a call for a 2.77% refi. Lol.
ChatGPT provided supporting facts so that you can verify accuracy:
How many times did the last admin say the border was closed?
People who like functional lungs.
What do you mean “under Kamala?” When was she president?
Side note: why is it we refer to male politicians by their last name, but female politicians by their first name?
The historical trend is that exports rise and fall each year. 3% growth is not remarkable, so you are trying to give credit to Trump for something that happens normally:
For the past 25 years:
The trade deficit has fluctuated considerably over the past 25 years. Again, there is nothing remarkable about the recent moves other than the recovery from the huge spike in the first quarter of 2025. This indicates something extraordinary that took us off track, but we are now back on track. To wit, the following quote is true:
Yeah, his idiotic tariffs caused big swings. To accomplish what, exactly, would be the question. (Note: the above quote from the article is not praising Trump's policies. )
Our GDP growth pace (the percentage change) varies but is typically positive. There is nothing special about this growth.
So while you might think this report shows that Trump has accomplished something, when the numbers are viewed from an historical perspective it merely shows that global and domestic economics has largely shrugged off Trump's idiotic moves. For now.
But one thing that Trump was supposed to fix was prices. Our CPI continues to rise. We should, with a straight-line projection be about 290 right now, but we are at 323 and this will almost certainly worsen:
This is not an A +++++ performance, more like a C - .
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