In the few months since President Trump unleashed his trade war, predicated on managing back America's massive merchandise trade deficit, things have gone very wrong, judging by the numbers.
Against expectations of a modest improvement in the deficit to $75.1 billion, September's goods trade balance slumped again to $76.036 billion from a revised $75.5 billion, and just barely surpassing the July 2008's record high deficit of $76.025 billion, making the September print a record in this series.
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