$54 billion! Will the US data, which hit a near July high, continue to extend Trump's disappointment

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Summary: In your face! Under Trump's policies, the US figure bounced back to a new high of $54 billion

The U.S. trade gap widened for the fourth straight month to $54 billion in September, a nearly seven-month high, and that's not even high enough! Economists generally agree that the U.S. trade deficit may continue to widen. Major figures have shown that the US trade deficit is backfiring and Trump is disappointed to see it!

U.S. trade deficit hits nearly 7-month high in September

Beijing time on November 2, according to the latest preliminary report released by the U.S. Census Bureau: the U.S. trade deficit expanded to $ 54 billion in September, for the fourth consecutive month of expansion, higher than the expected deficit of $ 53.6 billion, the previous value of $ 53.2 billion deficit revised to a deficit of $ 53.3 billion. In particular, the U.S. trade deficit with China widened to a record high of $40.24 billion, reportedly driven by a record high in exports of industrial supplies.

In March, the U.S. announced tariff increases on steel and aluminum imports, and has since announced several tariff increases on imports from China, although the U.S. trade deficit has been widening since June and reached a near seven-month high in September.

Detailed Data Revealed, U.S. Trade Deficit May Continue to Grow

US trade data for September.

Exports were $212.6 billion, up $3.1 billion from the previous month.

Imports were $266.6 billion, up $3.8 billion from the previous month.

The U.S. merchandise trade deficit of $77.2 billion, up $0.6 billion from the previous month and the highest merchandise trade deficit since July 2008.

Trade in services Surplus of $23.2 billion, down $0.1 billion from the previous month.

The US-China trade deficit widened to $40.24 billion, compared to $38.57 billion in August, and set another record high in September.

The U.S. trade deficit with Russia was $1.7 billion, the highest since May 2013.

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