Trade deficit hits $54.9 billion in August

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Trump can try to spin this all he wants but his Trade War has cost the United States billions of dollars and no end appears in sight.

Analysts blame Trump’s War as a major contributing factor but a strong dollar and the growing budget deficit play a role.

Chinese officials are set to arrive in Washington next week in an effort to negotiate a trade deal between the U.S. and China and scale back the trade war.  

Trump has also threatened to increase 25% tariffs on $250 billion of Chinese imports by 5 percentage points on October 15th, just days after the negotiations.

The Hill:

Ms. G

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