Aug 5 (Reuters) - The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, the latest evidence of the imprint on global commerce President Donald Trump is making with sweeping tariffs on imported goods.
The overall trade gap narrowed 16.0% in June to $60.2 billion, the Commerce Department’s Bureau of Economic Analysis said on Tuesday. Days after reporting that the goods trade deficit tumbled 10.8% to its lowest since September 2023, the government said the full deficit including services also was its narrowest since September 2023.
Exports of goods and services totaled $277.3 billion, down from more than $278 billion in May, while total imports were $337.5 billion, down from $350.3 billion.
Let’s say I think this is a great job by Trump. Under what fantasy scenario is that going to be felt in my wallet? Like, aren’t all his voters supposed to be selfish and just want theirs? Because I don’t see how they are getting anything out of Trump at all. No matter how dumb they are, they can’t be dumb enough to think gas and groceries are cheaper than they are, or wages higher…
I’m thinking they just want to feel like they are winning. Maybe get a participation medal. I guess that is the red hat.
Everyone is loosing, except billionares, but they get to feel superior to whatever imaginary enemy team they imagine is out there.
