By CD Media Staff | December 30, 2019

You Won't See This On Corrupt Media - Trade Balance Shrinking Under Trump
China Shipping trailer, Memphis, Tennessee
Image by Thomas R Machnitzki

The U.S. trade deficit is shrinking thanks to President Trump’s trade policies. The number is the smallest trade deficit since POTUS was elected in 2016.

The USD Goods Trade Balance (Nov) printed at -$63.19B vs -$68.75B consensus estimate.

In other economic news, Wholesale Inventories (Nov) PREL printed at 0.0 vs -0.3 estimate.

The Chicago Purchasing Managers’ Index (Dec) printed at 48.9 vs 48.0 estimate.

Who would you vote for in the 2024 Presidential Election?

Pending Home Sales (YoY) (Nov) beat estimates at 7.4% vs 5.8% estimate.

Pending Home Sales (MoM) (Nov) printed at 1.2% vs 1.1% estimate.

Dallas Fed Manufacturing Index (Dec) missed, coming in at -3.2 vs estimate of 1.5.

This piece originally appeared on CreativeDestructionMedia.com and is used by permission.

The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of Steve Gruber.