US trade deficit rises on record imports from China
Source: The Hill
BY VICKI NEEDHAM - 12/05/17 01:21 PM EST
Record imports from China helped drive up the U.S. trade deficit 8.6 percent in October as retailers stocked up for the holidays, the Commerce Department reported Tuesday.
Goods coming into the U.S. from China, Mexico and the European Union all hit record levels, which boosted the trade gap to $48.7 billion from $44.9 billion in September. It's the highest monthly trade deficit recorded since President Trump took office.
Imports hit a record $244.6 billion in October on growing U.S. demand amid an improving economy, while exports were unchanged at $195.9 billion from September.
Goods and services from China totaled $48.2 billion, while EU imports amounted to $39.4 billion and imports from Mexico grew to $28.7 billion, which are all record highs.
Read more: http://thehill.com/policy/finance/363338-us-trade-deficit-rises-on-record-imports-from-china
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the greatest new China trade deal that has ever been seen. He personally negotiated it, so no Americans have any idea what is in it -- but he says it solves all the problems.
Expect it to be unleashed soon. 
