Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

NEW YORK (AFP) – The U.S. trade deficit shrank by an unexpectedly large margin in June as imports fell and exports grew, according to data released Tuesday.

The trade gap fell to $34.2 billion in June, down from a revised $44.1 billion in May, according to the U.S. Commerce Department. Analysts had expected a deficit of $43.4 billion, according to Briefing.com.

The United States exported $191.2 billion in goods and services in June and had imports of $225.4 billion.

June’s imports came in at $5.8 billion lower than May and exports were $4.1 billion higher.

Large export gains over May came in industrial supplies and materials ($1.5 billion) and capital goods ($1.5 billion).

Meanwhile, imports of industrial supplies and materials fell $2.5 billion and consumer goods imports lost $1.6 billion.

For the first six months of the year, the total US trade deficit was $242.1 billion, compared to $278.2 billion for January-June 2012.

Underpinning that improvement was a 2.1 percent rise in exports to $1.12 trillion, and a 1.0 percent fall in imports to $1.37 trillion.

Official White House Photo by Tia Dufour

Three states that narrowly swung from Barack Obama in 2012 to Donald Trump in 2016 seem likely to swing back in 2020. Polling currently gives a consistent and solid lead to Democrat Joe Biden in Michigan, Pennsylvania, and Wisconsin.

Should Biden carry all three of these swing states and keep all of the states Hillary Clinton won in 2016, he will win an Electoral College majority and the presidency.

According to RealClear Politics' polling average, Biden currently enjoys a 4-point lead in Pennsylvania, a 6.4-point lead in Michigan, and a 6.7-point lead in Wisconsin.

Keep reading... Show less