The drop was largely driven by a contraction in exports.
Category - Trade
Celebrate Labor Day With Tariffs On Your BBQ
Tariffs will be imposed on plastic plates, kiddie pools, and merry-go-rounds this Sunday.
Officials Confirm Trump is Just Making Shit Up
Officials confirm that Trump lied about conciliatory phone calls with China.
American Businesses Lose Market Share in China
"Losing market share is easy and gaining it back is very, very difficult."
Hundreds of Retailers Oppose Trump’s Upcoming Tariffs
It will be impossible for "American individuals and families to escape the harm" retailers say.
USTR Makes Trump’s Tariff Tweets Official
The USTR published an official notice that tariffs have increased from 10 to 15 percent.
This Sounds Familiar
Brazilian farmers supported Jair Bolsonaro and now he may destroy them.
“We’re not starting to do great again”
Agriculture Secretary Sonny Perdue cracks a very bad joke at the expense of farmers.
Banks Warn of Recession Within Six Months of Trump’s Tariffs
The global economy could enter recession in the first six months of 2020.
“Ridiculous at best”
Trump's latest lie has backfired in China.
Trump Has Destroyed Exports of American Lobster
“There is no market that’s going to replace China.”
Trump is Making Up Fake Talks With China Now
Trump is putting words in the mouths of foreign governments now.
China Announces Retaliatory Tariffs, Trump Completely Melts Down
Trump loaded up his diaper and tanked the market this morning.
American Manufacturing May Be In Recession Now
Manufacturing may be in recession for the first time since 2009. Exports have also dropped.
“I am the chosen one”
Trump says he was chosen by God to take on China. Or he is God. Or something.
CBO: The Deficit Will Expand By An Additional $800 billion
The CBO now projects that the federal deficit will expand by $1.9 trillion over 10 years.
American Steel is In The Toilet
U.S. Steel is halting production and laying off workers in Michigan.
American Whiskey is Finally Great Again
Exports of American whiskey have dropped by over 20 percent.
Trump’s Tariffs Will Soon Cost Americans $1,000 Per Year
Trump's next tariffs will hit consumers directly, J.P. Morgan says.
Trump Regime Quietly Delays Another Bad Decision For Americans
Sanctions on Huawei have been delayed another 90 days because they hurt rural America.