American goods shipped to other countries have DECLINED.…
Americans are INCREASING their buying for foreign made goods….
This the opposite of what Donald Trump is trying to do with his trade wars….
The trade deficit, the difference between goods exported from America and imported from other countries into the U.S., jumped 9% in July, according to the Commerce Department.
The big picture: President Trump’s desire to eliminate the trade deficit is at the center of his trade war. Despite his efforts, however, the trade gap with both China and the EU shot up to record highs.