US trade deficit hits five-month high, as emerging markets slide – business live

All the day’s economic and financial news, as America’s trade gap with the rest of the world widens

Earlier:

2.31pm BST

Both the widening American trade gap, and the slide in emerging markets today, can be partly blamed on the stronger US dollar.

That’s due to the robust US economy, and the prospect of higher interest rates to curb inflation — as Donald Trump’s tax cuts give the economy a sugar rush.

2.28pm BST

Quite…

Trumps trade war causing some issues. Emerging markets are collapsing and our trade deficit is going high. Not lower. The economists are really going to have to parse out how this all works out.

Continue reading…

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Donald Trump Discussing His Own Impeachment: Stock Markets Would Crash | The 11th Hour | MSNBC