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US trade deficit widens by the most in nearly 34 years in November

https://finance.yahoo.com/news/us-trade-deficit-widens-most-144236696.html
26•thomassmith65•1h ago

Comments

actionfromafar•1h ago
Impossible to foresee. The transition from putting together advanced things from imported goods, into a textile and coal economy, was supposed to go much faster!

The only solution is to swap out leadership of Atlanta FED. That way, we can have more positive reports.

delaminator•1h ago
Jan - US trade deficit sinks as tariffs take a bite.

Jan - October Trade Deficit Declines on Higher Exports, Lower Imports

Nov - US trade deficit widens by the most in nearly 34 years in November

blibble•41m ago
as a non-USian, I've been doing my part to increase the US trade deficit with my country

in the last year I've stopped buying any product from american companies if there is another viable supplier, even if it costs more

heinz, coca-cola, five guys, goodyear (I needed new tyres), aws/gcp, lays, mars, ... all removed entirely

Insanity•30m ago
Looking at what you’re cutting, you might also be living healthier too!

Although these food products are often regionalized.

blibble•25m ago
yes it seems to be win win, like just completely giving up soft drinks

I hadn't realised quite how many "UK" brands were owned by US conglomerates

a scarily high percentage

DataDive•18m ago
None of these products would be made in the US, though ... and none would affect trade imbalance ... so the net effect might only be to increase inefficiency in your own country
whynotmaybe•15m ago
How would investing in locally produced stuff increase inefficiency ?
janderson215•13m ago
Lack of scale or expertise (competitive advantage).
Arnt•10m ago
If you pay someone 3x for work/service/product, x is the price and 2x is what you pay to encourage them to make/do the things instead of the people who could/would do it for x.

However, you're not paying 3x. I assume you're not really paying anything notably higher than x, right? So the encouragement is nearly zero.

blibble•12m ago
how much do you think of my £1 can of coke stays in the UK?

maybe a quarter?

the rest will be a "licensing fee", which goes straight to Atlanta, Georgia

(well, now it doesn't)

dylan604•5m ago
Are cans of coke only £1? The dollar is really weaker than I thought
slibhb•7m ago
Just as economically illiterate as the Trump admin, just in the opposite direction!
piva00•5m ago
So enlighthen them instead of going the route of snarky quips, make it more interesting if you feel they are that illiterate :)
mothballed•7m ago
OK so you import less American stuff. While still wanting to export the stuff you made to America.

So now you're tied up to Trump even more than before. Because you either traded your goods for US investments, or just pieces of paper that only continue to be worth something insofar as the US doesn't bungle their economic and geopolitical policies. Because those are the primary alternatives to settling the trade by getting goods/services back.

Why wouldn't you want to cash out and actually get stuff back from the US for the stuff you make for them, if you think the US is headed south? It's not like you're exporting to the US as a charity.

nozzlegear•6m ago
> as a non-USian

Should it be considered trolling at this point to use the wrong demonym and cause little flame wars? I'm playing into it right now I guess.

TimorousBestie•4m ago
The typical demonym is inaccurate.

It is more or less “USian” in other languages, and no one raises an eyebrow. 美国人, 米国人, etc.

mothballed•34m ago
Trade deficit is a good thing. It means foreigners are keeping capital in the US as investment on their trades rather than exporting it out to balance it out.
lokar•15m ago
while that is true, there is more to it than that. It distorts US finances and debt market. It is helpful to the US, until at some point it will cause major problems, it's just hard to say exactly when.
scottiebarnes•3m ago
Generally I'd rather be in a trade surplus; I would want my country to sell more things than it buys. Energy, technology, machinery, services, whatever it is, if I'm selling, it means I have productive capability/advantage over others and thus more independence.
wrs•16m ago
Gee, I thought the tariffs were supposed to take care of this. Isn’t that why they were calculated based on the trade deficit? /s
WarmWash•3m ago
High chance this report motivates Trump to do something extra heavy handed.

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